The State Bank of India is extending its green mortgage range to cover a wider range of customers.

These products will now be available to BTL landlords, both individual and limited companies, and ex-pat customers.

Applicants whose property has an A, B or C energy performance certificate (EPC) can apply for one of these green products and will get a 0.1% rate reduction on State Bank of India’s standard product range. 

State Bank of India’s green standard range offers three- and five-year fixed rate products starting from 2.4%. The exact rate will depend on LTV.

It is also offering a green SPV/LLP/ or limited company range with two- and five-year fixed rate products are available starting from 2.44%.

Its green HMO range starts at 2.7%, and the green ex-pat range starts at 2.89%. These ranges again offer both two- and five-year fixed rate options.

The products are available across a range of sourcing systems.

SBI UK’s chief business officer Abhishek Sahay says: “Everyone at SBI recognises that we all need to make changes in the way we live and work to support the environment. The launch of our green mortgages is one of the steps we have taken to do so.”