Paradigm Mortgage Services has added specialist buy-to-let (BTL) lender SBI UK to its panel.
Paradigm members will now have access to SBI UK’s range of BTL funding solutions, for individual borrowers or those using Special Purpose Vehicles (SPVs).
SBI UK is a wholly-owned subsidiary of State Bank of India. It was established in April 2018 with 11 branches across the UK, but has been active here since 1921.
Richard Howes, director of mortgages at Paradigm Mortgage Services, said: “The mortgage market is incredibly competitive at present and we want to ensure our members have access to those lenders, and their product ranges, who are pushing the envelope in terms of what is achievable.
“Advisers active in the buy-to-let space will undoubtedly be interested in the SBI UK proposition which is available via Paradigm for the first time.
“SBI UK have a team of highly-qualified and experienced BDMs and focus on developing strong relationships with the adviser community to ensure their landlord and investor clients have access to the best finance solutions.
“We’re looking forward to working with the SBI UK team and introducing its range of products and its quality service to our members.”