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

Debenhams executive pay

Debenhams said it expects annual adjusted core profit to be ahead of last year

Getty Images

Frasers slams Debenhams over £222 million pay scheme

Highlights

  • Debenhams pushes ahead with executive pay scheme worth up to £222 m without shareholder approval.
  • CEO Dan Finley could earn up to £148 m if share price reaches £3 over next five years.
  • Frasers Group, holding 29.7 per cent stake, calls move "utterly disgraceful" amid long-running corporate tussle.
Struggling British online fashion retailer Debenhams has sparked outrage from its biggest investor after deciding to implement a new executive pay scheme worth up to £222 million without seeking shareholder approval.

Frasers Group, which holds a 29.7 percent stake in Debenhams, condemned the move through its chief financial officer Chris Wootton on Thursday. "Typical corporate governance from them, utterly disgraceful," Wootton said, criticising the retailer's decision to bypass investors.

Under the new incentive scheme, Debenhams CEO Dan Finley could earn up to £148 m and CFO Phil Ellis up to £14.8 m if the company's share price hits £3 over the next five years. Debenhams shares were trading at 22.25 pence on Thursday, down 3.3 percent.

Keep ReadingShow less