State Bank of India’s buy-to-let deals to be made available through L&G

Michael Lloyd

January 10, 2020


The State Bank of India (SBI UK)’s buy-to-let product range will be made available through Legal and General Mortgage Club.

SBI UK provides buy-to-let financing up to 75% LTV to portfolio landlords & individuals.

The bank has a cap of £5m buy-to-let exposure to an entity/ individual but there is no restriction on the number of properties.

Stephen Banks, head of national sales for SBI UK, said: “We are incredibly excited to be working with Legal and General Mortgage Club.

“They have an excellent long-standing reputation as one of the leading distributors in the UK mortgage market.

“The bank has doubled its buy-to-let book in the past 18 months reflecting the growth of its network for customers, and Legal & General Mortgage Club would help us attract more customers as we continue to offer a range of buy-to-let mortgage products at attractive rates in the market.”

Danny Belton, head of lender relationships at Legal & General Mortgage Club, added: “We are delighted to have SBI UK buy to let mortgage products available to our members, especially since the bank offers a competitive and compelling buy-to-let mortgage range.”

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