The new products are available for properties with a higher EPC rating
State Bank of India UK (SBI UK) has announced the launch of its green tracker mortgage product range for applicants who are purchasing or re-mortgaging a property that has an ‘A’ to ‘C’ EPC rating.
SBI UK said the products will be available for individuals and special purpose vehicle/limited liability partnership/Ltd co-applicants for standard properties.
The two-year tracker rates are offered from 5.75% (bank base rate plus 2.75%), with up to 70% loan to value (LTV).
Commenting on the new product launch, Sanjay Pandey, executive director at State Bank of India UK, said the bank was happy to return to the market to help landlords in such a crucial time.
“Our tracker products are well placed to allow landlords to make a conscious decision on their buy-to-let transactions,” Pandey added. “With our green range, SBI UK continues to support the UK’s mission to protect the environment.”
