Sainsbury’s Bank is extending its mortgage range with the launch of four new 95% loan to value (LTV) mortgage deals.

Designed with first and second time buyers in mind, the new mortgage products will be available via the bank’s broker and direct telephony channels. Available with either two or five year fixed terms, each offers a £250 cashback incentive and free valuation, with rates starting at 3.49%.  

David Buxton, head of banking at Sainsbury’s Bank, said: “We believe the 95% LTV market will continue to play an important role in the future of UK mortgage lending and we’re delighted to introduce these new competitive products.

“We offer quality products to homeowners and would be homeowners across the UK with rewards and competitive rates, and we understand the pressures and challenges many face when trying to get their first foot on the property ladder.

“This range of new products, paired with the incentive of free valuation and cash back will make it possible for first time buyers, and support second time buyers, to find their perfect home.”