Finance available: Buy to let mortgages. Commercial Mortgages.
Access: State Bank of India is a recent addition to the buy to let space (2015), with rates only accessible via intermediaries.
Buy to let mortgages: Its buy to let offering is open to individuals, LLPs, SPVs and partnerships, with loans up to £1.25m. It will lend on ex-local authority houses and flats, multi-unit property and standard buy to let. State Bank of India is ideal for the older investor as it allows borrowers to be up to 80 years of age at the end of their mortgage term, although it does require the applicant to have a minimum income of £25,000 per annum.
Commercial Mortgages: SBI offers loans between £250k to £3m, up to 70% of the property’s value for purchase and remortgage. Terms of up to five years are available.
To access this lender call The Deal Placement Team on 0845 148 9238 now.
Lenders change their criteria on a regular basis, so this page should be used as a guide only. We will do our best to keep it up to date.
Last updated: 05/10/2015