State Bank of India BOE +2.19% for 5 years
Assumed borrowing of £125,000 over 25 years, representative 3.9% APRC. Total amount payable: £196,688.82. Includes interest of £70,527.82, Valuation fee of £166, Booking fee of £0 and Administration fee of £995. Repayments: 60 monthly repayments of £572.81 at 2.69% (variable), then 240 monthly repayments of £671.50 at 4.49% (variable).
State Bank of India customer satisfaction scorecard:
How do we work this out?| Clarity of statements | Flexibility of payments | Transparency of charges | Customer service | Overall customer score |
Not rated |
Eligibility
| Maximum age | 65 |
|---|---|
| Minimum age | 21 |
| Location | England, Wales |
| Restricted location note | N/A |
| Existing customer note | N/A |
| Eligibility notes | N/A |
Mortgage product details
| Mortgage types | Purchase, Remortgage, Buy to let |
|---|---|
| Deal type | Tracker |
| Tracker type | Bank of England |
| Payment options | Interest only, Repayment |
Mortgage product features
| Overpayments allowed | Yes |
|---|---|
| Overpayment limits note | N/A |
| Offset mortgage | No |
| Help to Buy mortgage | No |
| Shared ownership mortgage | No |
| Shared equity mortgage | No |
| New-build mortgage | No |
| Self-build mortgage | No |
| Portable mortgage | No |
Product fees
| Arrangement fee | £995 |
|---|---|
| Arrangement fee can be added to loan | No |
| Booking fee | £0 |
| Telegraphic transfer fee | £35 |
| Insurance fee | £0 |
| Other fees | £0 |
Rate information
| Minimum borrowing amount | £50,000 |
|---|---|
| Maximum borrowing amount | £1,500,000 |
| Minimum term (years) | 5 |
| Maximum term (years) | 25 |
| Initial deal end date | N/A |
| Initial deal length (months) | 60 |
| APRC | 3.94% |
| Initial rate | 2.69% |
| Revert-to rate | 4.49% |
| Maximum LTV | 60.0% |
Other charges
| Exit fees | £0 |
|---|---|
| Valuation admin fee | £0 |
| Valuation fee | From £123 for property value above £100,000 |
| Early repayment note | 2% until year 2 |
Standard benefits
| Valuation admin fee excluded from any refund offer | No |
|---|---|
| Maximum free valuation | £0 |
| Cash back amount | £0 |
| Further notes about benefits | N/A |
Remortgage benefits
| Cash back on legal fees | No |
|---|---|
| Free legal work | No |
| Valuation offer | Payable |
Purchase mortgage benefits
| Cash back on legal fees | No |
|---|---|
| Free legal work | No |
| Valuation offer | Payable |