SBI, which is the largest commercial bank in India, is new to the intermediary space in the UK.
John Cupis, managing director, mortgages, at Sesame, said: “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.”
SBI considers applications via limited liability partnerships and special purpose vehicles, while its range is available to 70% LTV.
Its 5-year tracker products start from 2.99%, while it also offers 5-year fixed rate products from 3.79%.
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.”
