Connect now only network with State Bank of India on panel


Connect for Intermediaries has signed the State Bank of India to its panel.

State Bank of India sells residential buy-to-let and commercial mortgages.

Connect ARs can access limited company and SPV buy-to-let mortgages with rates from 2.59 per cent at 60 per cent LTV and from 2.89 per cent up to 75 per cent.

Rates for individual buy-to-let mortgages start from 2.09 per cent up to 60 per cent.

State Bank of India head of retail credit Dinesh Gulati says: “SBI has been on top of things to ensure that we are in line with market and better placed to suit the need of buy-to-let borrowers.”

Connect for Intermediaries chief executive Liz Syms says: “State Bank of India is in the top five lenders for SPV products and has the most competitive rates available in the UK at this time.

“It is therefore a real endorsement of Connect for Intermediaries that State Bank of India has decided to choose our network to partner exclusively with.”

State Bank of India last signed a UK network distribution deal in March 2015, with Sesame.

Connect signed Octane, West One and Funding Circle to its panel earlier this year.



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