Paradigm Mortgage Services has added specialist buy-to-let lender SBI UK to its lender panel.
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 houses in multiple occupation (HMOs), expats and limited companies and offers single loan amounts up to £3m; up to 75% LTV lending with arrangement fees able to be added on top; five-year fixed-rates stressed at pay-rate; cashback of £300 and a refund of the valuation fee available on all remortgage cases payable after completion.
There are no restrictions on background portfolios or properties with SBI UK for portfolio landlords.
Paradigm Mortgage Services director of mortgages Richard Howes says: “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.”
