Sesame ARs get access to SBI's buy to let range
Appointed representatives of the Sesame network now have access to SBI’s range of buy to let products.
Deprecated: trim(): Passing null to parameter #1 ($string) of type string is deprecated in C:\inetpub\wwwroot\2025.financialreporter.co.uk\htdocs\templates\front-end\partials\article_blockquote.php on line 2
SBI is the largest commercial bank in India and is new to the intermediary market in the UK.
The lender will consider applications from individuals and via Special Purpose Vehicles or Limited Liability Partnerships. SBI’s buy to let product range is available up to 70% loan to value and includes three and five year tracker products starting from 2.99%. It also has a selection of five year fixed rate products with a choice of no arrangement fee, a flat fee or a percentage fee starting from 3.79%.
John Cupis, Managing Director, Mortgages, at SBG, commented:
“We are very pleased to have further extended our offering with the addition of State Bank of India’s buy to let products and I am sure the bank’s competitive rates and prudent yet realistic approach to mortgage lending will prove popular with our members.”
Sanjay Naik, Head of Retail for SBI, UK, said:
“We are delighted that our new buy to let mortgages are available through intermediaries such as Sesame, thus ensuring a wider distribution of our buy to let range.”
Breaking news
Direct to your inbox:
More
stories
you'll love:
This week's biggest stories:
This week's biggest stories:
Santander
Santander launches 98% LTV ‘My First Mortgage’
First-time Buyer
Improved affordability sparks 20% rise in first-time buyers: Nationwide
Inflation
Further rate cuts dampened as inflation rebounds to 3.4%
Mortgage Rates
Two Big Six lenders increase mortgage rates as swaps rise
Interest Rates
Looser Fed policy stance could slow further rate cuts, policymakers warn
Bank Of England
Bank of England holds interest rates at 3.75% in narrow 5-4 vote