Criteria Changes (applies to Standard, Specialist, HMO and Ex-Pat applications)
For new applications, with effect from the above date, SBI will make the following changes to our maximum loan to value for new build properties:
New Build House: Maximum LTV 70% (previously 65%)
New Build Flat: Maximum LTV 65% (previously 60%)
Green Mortgage Range
The products will be available for all qualifying SBI UK mortgage applicants with a property that has an ‘A or ‘B’ EPC rating, only including limited companies, SPVs, houses of multiple occupancy and Ex-Pats and offer a 0.10% rate discount on our standard product range and is available up to 75% LTV.
Full details of Green BTL product rates are available on the attached product guide.
“SBI UK’s Executive Director and Deputy CEO Sanjay Pandey says: “We recognise that we all need to make changes in the way we live and work to protect the environment. The introduction of Green Mortgages is one of the many steps the Bank is taking. We want to encourage our customers to embrace energy efficiency and to consider the environmental impact when making new property purchases. The Bank is proud to continue to play its part in reducing carbon emissions”
If you have any questions, please contact your BDM/Branch Manager
