Paradigm Mortgage Services has added specialist lender SBI UK to its panel of lenders.
SBI UK is a wholly owned subsidiary of State Bank of India and Paradigm members will now have access to its BTL products for individual borrowers or SPVs.
SBI offers BTL products for multiple occupancy houses (HMOs), expatriates and limited liability companies and offers one-off loans up to £ 3million; at the top up to 75% LTV loan with arrangement fees that can be added in addition; Ffive-year fixed rates stressed to the rate of pay; vsashback of £ 300 and an appraisal fee refund available on all remortgage cases payable after completion.
There’s no restrictions on background portfolios or properties with SBI UK for portfolio owners.
Paradigm Mortgage Services Mortgage Manager Richard Howes said, “The mortgage market is incredibly competitive right now and we want to make sure our members have access to these lenders and their product lines, which are pushing the boundaries of this. which is achievable.
“Advisors active in the rental space will no doubt be interested in the SBI UK proposal which is available through Paradigm for the first time. SBI UK has a team of highly qualified and experienced BDMs and is focused on developing strong relationships with the advisor community to ensure that their owner and investor clients have access to the best financing solutions. We look forward to working with the SBI UK team and showcasing their quality product line and service to our members.