The State Bank of India has launched a new range of buy-to-let fixed rates for standard and specialist products, with a five per cent arrangement fee option.
In a note to brokers, highlights of the range include two-year fixed rates up to 70 per cent loan to value (LTV) with standard rates from 3.9 per cent and specialist rates from 4.7 per cent.
Five-year fixed rates up to 70 per cent LTV are also available with standard pricing beginning from 5.2 per cent and specialist rates start from 5.35 per cent.
The new five per cent arrangement fee options are priced from 3.9 per cent up to 50 per cent LTV and 3.95 per cent up to 60 per cent LTV and 4.05 per cent up to 70 per cent LTV.
The arrangement fee can be added or deducted from the loan amount.
There is a 0.10 per cent rate discount across all products for properties with an EPC rating between A and C in its green range and there is a refund of valuation and £300 cashback on completion for remortgage deals.
Anna is currently the deputy editor for Mortgage Solutions and editor for Specialist Lending Solutions. She has worked as a journalist since 2019, having secured her Gold Standard NCTJ diploma from News Associates in a fast-track six-month course.
She started her career as a report at specialist publication The Insurance Insider covering a wide range of areas before joining Mortgage Solutions and Specialist Lending Solutions in 2021.
In her role, she helps put together and structure the news agenda for the day and writes up press releases, reports, interviews, analyses and exclusives across both titles. She also commissions blogs for Specialist Lending Solutions and hosts online masterclasses and in-person events across the business.
She has been shortlisted for three journalism awards, which include BIBA Journalist and Media Awards Scoop of Year Award in 2020, Headline Money Mortgage Journalist of the Year Award (B2B) in 2022 and 2023.
Prior to being a journalist, Anna worked in ecommerce across Snow + Rock, Cycle Surgery and Runners Need websites, and before that worked at specialist financial PR firm Rostrum.
In her spare time, Anna enjoys reading, seeing live music, and cooking for friends and family. When she gets a chance, she also enjoys hiking, skiing and indoor rock climbing.
