The panel has already welcomed Octane, West One Loans and Funding Circle since the beginning of the year.

State Bank of India has operated in the UK for over 95 years and offers a range of residential buy-to-let and commercial lending products to UK intermediaries.

The bank has more than 400 million customers worldwide and offices in 38 countries, making it India's largest bank.

Connect for Intermediaries is the only network in the UK that State Bank of India currently distributes its mortgages through.

Connect's ARs will be offered some of the market's leading rates for limited company and SPV buy-to-let mortgages, with rates starting from just 2.59% for 60% LTV and from 2.89% up to 75% LTV.

Rates are even lower for its buy-to-let mortgages for individuals, starting from 2.09% up to 60% LTV.

Other key features are:
• minimum loan size of only £50,000
• first-time landlords accepted
• no arrangement fees on some products
• loan sizes of up to £3m
• 60% and 75% LTVs
• competitive valuation fees
• products for individuals, SPVs, LLPs and limited companies, including multi-units.

Liz Syms, CEO of Connect for Intermediaries (pictured above), said: “The market has seen a rise in buy-to-let mortgage lending to companies.

“State Bank of India is in the top five lenders for SPV products and has the most competitive rates available in the UK at this time.

“It is therefore a real endorsement of Connect for Intermediaries that State Bank of India has decided to choose our network to partner exclusively with.”