State Bank of India (SBI) has temporarily stopped accepting new mortgage applications to maintain their service standards.
SBI started offering UK buy-to-let mortgages in September 2011 and has one mortgage rate priced at 3.99% over the Bank of England base rate.
A State Bank of India UK spokeswoman told Mortgage Strategy magazine: “We currently have a large number of applications in our pipeline and are reviewing and enhancing our offering and internal processes, and therefore are processing existing applications only.â€
Trinity has access to the lowest buy-to-let two year fix rate through Abbey for Intermediaries at 3.09%. It is available to investors if they have a 40% deposit and it has a 2.5% arrangement fee.
Aaron Strutt, a broker at Trinity Financial, says: “Some lenders are very busy at the moment and it makes sense for them to temporarily stop lending to maintain service standards, especially if they are really behind with processing.
“According to the Nationwide's website, they are taking 13 days to assess case documents and an average of 19 days to produce a mortgage offer.â€
September 21, 2012
Get started today
Speak to one of our mortgage experts. Book an appointment to come and see us or request one of our experts to call you.
To arrange a meeting with one of our expert mortgage advisers complete our enquiry form or mortgage questionnaire and we will call you back. Please note, by submitting this information you have given your agreement to receive verbal contact from us to discuss your mortgage requirements.
You voluntarily choose to provide personal details to us when submitting an enquiry. Your information is confidential and held in accordance with the appropriate data protection requirements. Read Trinity Financial's privacy policy.
We believe that working together is the best way to gain trust, reliability and certainty.
We had the pleasure of working with Jed on our mortgage. He guided us patiently and efficiently through any questions we...
We had the pleasure of working with Jed on our mortgage. He guided us patiently and efficiently through any questions we had and was always on hand to offer great advice. Excellent service and highly recommended!
More
Less
Cindy KoewandhonoAug 12 2024
Very happy with the exceptional service. David has demonstrated a high level of professionalism and expertise...
Very happy with the exceptional service. David has demonstrated a high level of professionalism and expertise.
More
Less
Marzena FranekAug 05 2024
We were looking for mortgage broker for our housing mortgage. Looked through some online brokers but decided to go with ...
We were looking for mortgage broker for our housing mortgage. Looked through some online brokers but decided to go with Trinity Financial.
Sophie was handling our case and because of her promptness we could secure the best rate at that time for us. Definitely recommend their services to anyone looking for a housing mortgage!
More
Less
Charusheela BopardikarJul 22 2024
15
years' experience
Over the last 15 years we have helped thousands of clients to purchase new homes, secure buy-to-let mortgages and remortgage.
23
mortgage experts
Trinity’s experts will do everything possible to secure the fastest mortgage offers while providing you with regular progress updates.
17,844
mortgages arranged
We consistently arrange fantastically priced fixed and tracker rate mortgages through the leading banks and building societies.