Skip to content
Search

Latest Stories

SBI UK Introduces 50% LTV product, refreshes product range

The reintroduced products offer competitive deals to individual and portfolio landlords, including expats.

SBI UK Introduces 50% LTV product, refreshes product range

State Bank of India (UK) Ltd is pleased to announce the re-launch of its Fixed Rate Buy-to-Let products, which offer competitive rates across a multitude of product options and introduces a new Loan-to-value band of 50 per cent aimed at low gearing borrowers.

The reintroduced products offer competitive deals to individual and portfolio landlords, including expats.


The corresponding Green Range is available for properties that have an “A”, ''B” or “C” EPC rating, and such landlords will benefit from lower rates in SBI UK’s price points. Categories provide an attractive option in a competitive Buy-to-Let market.

SBI UK's chief business officer Abhishek Sahay said, “We are excited to reintroduce our Fixed Rate Buy-to-Let products, which will support landlords and the UK housing market during this pivotal time.

"We remain committed to the Buy to Let market and look forward to engaging with our intermediary partners. Our Green Range continues to support and reward energy-efficient homes and properties. The bank is proud to continue to play its part in incentivising reduction in carbon emissions."

Please see the SBI UK Intermediary website for full details on this link: https://sbiuk.statebank/buy-to-let

(subject to terms and conditions)

More For You

Deliveroo posts first annual profit after 12 years

A Deliveroo rider near Victoria station in London, England. (Photo by Dan Kitwood/Getty Images)

Deliveroo posts first annual profit after 12 years

FOOD DELIVERY app Deliveroo announced on Thursday (13) its first annual profit as orders and revenue rose, while the 12-year old company sees further growth despite exiting Hong Kong.

The milestone follows sizeable full-year losses owing to high investment costs since American Will Shu founded the company in 2013 and made Deliveroo's first delivery in London.

Keep ReadingShow less
JLR-Tata-Getty

JLR had initially planned to manufacture more than 70,000 electric vehicles at the facility. (Photo: Getty Images)

JLR halts plan to build EVs at Tata’s India plant: Report

JAGUAR LAND ROVER (JLR) has put on hold plans to manufacture electric vehicles at Tata Motors’ upcoming £775 million factory in southern India, according to a news report.

The decision was influenced by challenges in balancing price and quality for locally sourced EV components, three of the sources said. They added that slowing demand for electric vehicles was also a factor.

Keep ReadingShow less
Government to abolish payments regulator to boost growth

Keir Starmer (R) and Rachel Reeves host an investment roundtable discussion with members of the BlackRock executive board at 10 Downing Street on November 21, 2024 in London, England. (Photo by Frank Augstein - WPA Pool/Getty Images)

Government to abolish payments regulator to boost growth

PAYMENTS REGULATOR will be abolished and its remit absorbed by another financial regulator, the government said on Tuesday (11), as it aims to cut red tape in favour of growth.

The Payment Systems Regulator (PSR), which oversees systems including MasterCard and bank transfers, tackles problems such as fraud, excessive fees and lack of competition among banks and payment providers.

Keep ReadingShow less
Boohoo

Boohoo’s shares, which have fallen by about 20 per cent this year, dropped 4 per cent on Tuesday. (Photo: Getty Images)

Boohoo rebrands as Debenhams after 21 per cent sales drop

BOOHOO has rebranded itself as Debenhams Group after sales from its young fashion brands, including Boohoo, MAN, and PrettyLittleThing, declined by 21 per cent to £947 million.

The move comes amid strong competition from Shein and a shift towards second-hand clothing among younger shoppers, The Guardian reported.

Keep ReadingShow less