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State Bank of India to withdraw and reprice select rates

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  • 16/08/2023
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State Bank of India to withdraw and reprice select rates
State Bank of India with withdraw its current range of buy-to-let fixed rates for standard and specialist products with effect from 5pm today.

The lender will launch an updated range of products at the same time.

The range features two-year fixed rates up to 65 per cent loan to value (LTV) with rates beginning from 5.60 per cent.

The lender will also add 50 and 65 per cent LTV product options for two and five0year fixed rates.

SBI will lower rates for standard and specialist five-year fixed rates, with rates starting from six per cent up to 50 and 65 per cent LTV and going up to 6.1 per cent at 75 per cent LTV.

The lender will make non-national and non-resident five-year fixed rates available up to 65 per cent LTV.

There is a 0.1 per cent rate discount across all products with an EPC rating between A and C, and refund of valuation and £300 cashback on completion for remortgage products.

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