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Sesame launches distribution partnership with State Bank of India

Sesame network appointed representatives can now offer clients the full State Bank of India range of buy-to-let products.

The lender launched into the broker channel last month a year after re-entering the UK buy-to-let market following an 18-month absence.

It currently offers a range of three and five-year tracker products from base rate plus 2.99 per cent, and five-year fixes starting from 3.79 per cent. Loans are available to a maximum 70 per cent LTV.

Sesame managing director John Cupis says: “We are very pleased to have further extended our offering with the addition of SBI’s products and I am sure the bank’s rates and prudent yet realistic approach to mortgage lending will prove popular with our members.”

SBI head of retail Sanjay Naik adds: “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.”

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