Connect now only network with State Bank of India on panel

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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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