State Bank of India

Square 600x600 announcement graphic with a light blue background and a thin dark blue border. At the top is the State Bank of India (SBI) logo in its original colours: a blue circular keyhole icon followed by ‘SBI’ in dark blue. Below, large centred text reads ‘WE BECOME’ and then ‘FIRST NETWORK DISTRIBUTOR’ in bold dark blue, with small light blue dash accents on either side. A curved two-tone blue swoosh sits underneath the headline, creating a clean, corporate look.

Connect for Intermediaries has made a groundbreaking move by becoming the first UK mortgage network to partner with State Bank of India UK, unlocking exclusive broker distribution access to SBI’s competitive range of buy-to-let and commercial mortgage products.

This strategic alliance offers tailored lending solutions for UK mortgage intermediaries, with products designed to meet the needs of individual landlords, SPVs, LLPs, and limited companies, including those managing multi-unit properties and specialist investments.

SBI UK Mortgage Products Now Available via Connect

Through this partnership, brokers can now access a suite of SBI UK mortgages with competitive rates and flexible terms:

  • Limited Company & SPV Rates:

    • From 2.59% (up to 60% LTV)

    • From 2.89% (up to 75% LTV)

  • Individual Buy-to-Let Mortgages:

    • Starting at just 2.09% (up to 60% LTV)

SBI’s UK mortgage lending criteria are inclusive and diverse, offering up to £3 million loan size, eligibility for first-time landlords, and no arrangement fees on selected products. The minimum loan size starts from £50,000, making this a flexible option for both new and seasoned investors.

🔗 Boosting Broker Access Through Connect’s Packager Service

As part of Connect’s robust support ecosystem, brokers can utilise the Connect packager service to simplify submissions and gain direct access to SBI’s product suite. Through Connect’s specialist mortgage network, advisers receive expert guidance and smoother communication with lenders, enhancing both client outcomes and conversion rates.

This partnership also complements Connect’s broader offering of expat mortgage solutions and IFA network support, particularly for brokers serving clients across the UK–India corridor.

A New Era for UK Mortgage Intermediaries

This landmark partnership between Connect and the State Bank of India UK signifies a bold evolution in the UK’s mortgage landscape. It empowers brokers with cross-border lending solutions between India and the UK, combining global banking trust with local broker expertise.

For intermediaries seeking a powerful lender partnership backed by technology, compliance support, and attractive mortgage rates, this collaboration opens new doors.

Surge in Limited Company Buy-to-Let Mortgages: SBI UK and Connect Strengthen Strategic Partnership

Dinesh Gulati
Dinesh Gulati, Head of Retail Credit at the State Bank of India

Dinesh Gulati, Head of Retail Credit at the State Bank of India UK, has confirmed a strategic alliance that will benefit both the lender and the intermediary network. The initiative comes amid a notable rise in limited company buy-to-let (BTL) demand, primarily through Special Purpose Vehicles (SPVs) and Limited Liability Partnerships (LLPs) driven by evolving tax advantages and portfolio landlord regulations.

“The buy-to-let sector has undergone significant regulatory and tax transformations, particularly favouring SPV structures,” stated Gulati. “We’re fully equipped to support landlords with portfolios of up to 25 properties, offering highly competitive rates starting from 2.59% for SPV lending.”

This development not only reflects SBI UK’s commitment to the growing BTL mortgage sector but also reinforces its position as a top-tier lender for company-based property investors.

Liz Syms
Liz Syms, CEO and Founder of Connect

SBI UK Among Top Five Lenders for SPVs

Liz Syms, CEO of Connect for Intermediaries, highlighted the surge in BTL mortgage lending to limited companies, noting SBI UK’s standout performance:

“The State Bank of India consistently ranks among the top five SPV mortgage lenders. Their sharp rates and bespoke solutions have carved a niche in the competitive UK buy-to-let mortgage space.”

Syms praised the partnership as an exclusive opportunity that aligns with Connect’s mission to empower its appointed representatives (ARs) through access to specialist buy-to-let lending.

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