Sainsbury’s Bank announces widespread rate changes

Published on

Sainsbury’s Bank has made a number fo changes to its residential & buy-to-let product ranges:

The changes are as follows:

Changes in the five-year fixed rate residential remortgage range:

  • 60% LTV reduced to 1.83% with a £995 product fee and Fee Assisted Legals or £500 cashback
  • 75% LTV reduced to 1.93% with a £995 product fee and Fee Assisted Legals or £500 cashback
  • 75% LTV reduced to 2.07% with no product fee and Fee Assisted Legals or £500 cashback
  • 80%  LTV reduced to 2.06% with a £995 product fee and Fee Assisted Legals or £500 cashback
  • 80% LTV reduced to 2.24% with no product fee and Fee Assisted Legals or £500 cashback

 

Changes in the two-year fixed rate residential remortgage range:

  • 60% LTV increased to 1.59% with a £995 product fee and Assisted Legals or £500 cashback
  • 60% LTV increased to 2.06% with no product fee and Assisted Legals or £500 cashback
  • 75% LTV increased to 1.64% with a £995 product fee and Assisted Legals or £500 cashback
  • 75% LTV increased to 2.08% with no product fee and Assisted Legals or £500 cashback
  • 80% LTV increased to 1.77% with a £995 product fee and Assisted Legals or £500 cashback
  • 80% LTV increased to 2.18% with no product fee and Assisted Legals or £500 cashback
  • 85% LTV increased to 1.79% with a £995 product fee and Assisted Legals or £500 cashback
  • 85% LTV increased to 2.22% with no product fee and Assisted Legals or £500 cashback

 

Changes in the five-year fixed rate residential purchase range:

  • 60% LTV reduced to 1.80% with a £995 product fee
  • 75% LTV reduced to 2.06% with no product fee
  • 80% LTV reduced to 2.16% with no product fee
  • 85% LTV remains at 2.14% with a £995 product fee and an increased cashback of £500
  • 85% LTV remains at 2.35% with no product fee and an increased cashback of £500
  • 90% LTV reduced to 2.31% with a £995 product fee and an increased cashback of £500
  • 90% LTV reduced to 2.48% with no product fee and an increased cashback of £500
  • 95% LTV reduced to 3.24% with no product fee and £500 cashback

 

Changes in the two-year fixed rate residential purchase range:

  • 60% LTV increased to 1.60% with a £995 product fee
  • 60% LTV increased to 1.89% with no product fee
  • 75% LTV increased to 1.60% with a £995 product fee
  • 75% LTV increased to 1.89% with no product fee
  • 80% LTV increased to 1.74% with a £995 product fee
  • 80% LTV increased to 2.04% with no product fee
  • 85% LTV increased to 1.84% with a £995 product fee and £500 cashback
  • 85% LTV increased to 2.11% with no product fee and £250 cashback
  • 90% LTV increased to 1.99% with a £995 product fee and £500 cashback
  • 90% LTV increased to 2.29% with no product fee and £500 cashback

 

Changes in the five-year fixed rate buy-to-let remortgage range:

  • 60% LTV decreased to 1.99% with a £1,995 product fee and £250 cashback
  • 60% LTV decreased to 2.14% with a £995 product fee and £250 cashback
  • 60% LTV decreased to 2.32% with no product fee and £250 cashback
  • 75% LTV decreased to 2.32% with a £1,995 product fee and £250 cashback
  • 75% LTV decreased to 2.41% with a £995 product fee and £250 cashback
  • 75% LTV decreased to 2.57% with no product fee and £250 cashback

 

Changes in the five-year fixed rate buy-to-let purchase range:

  • 60% LTV decreased to 1.99% with a £1,995 product fee and £250 cashback
  • 60% LTV decreased to 2.10% with a £995 product fee and £250 cashback
  • 60% LTV decreased to 2.28% with no product fee and £250 cashback
  • 75% LTV decreased to 2.32% with a £1,995 product fee and £250 cashback
  • 75% LTV decreased to 2.47% with a £995 product fee and £250 cashback
  • 75% LTV decreased to 2.57% with no product fee and £250 cashback

 

All residential end dates remain at 30 June 2021 for two-year products and 30 June 2024 for five-year products and buy-to-let end dates remain at 31 July 2021 for two-year products and 31 July 2024 for five-year products.

COMMENT ON MORTGAGE SOUP

We want to hear from you!
Leave a comment and get the conversation started.
You need to register to post, so please login or sign up below.

Latest articles

The Coventry cuts selected intermediary residential fixed rates

Coventry for intermediaries has reduced a number of residential fixed-rate products for new and...

Mortgage Advice Bureau completes acquisition of Dashly

Mortgage Advice Bureau (MAB) has completed the acquisition of technology and data company Dashly,...

The Buckinghamshire lowers rates across key ranges

Buckinghamshire Building Society has cut rates across a wide spread of residential and buy-to-let...

FCA finds protection market delivering good outcomes, says TPFG

The Property Franchise Group PLC (TPFG) has responded to the publication of the Financial...

Conditional selling remains industry flashpoint as enforcement lags

Conditional selling remains one of the most persistent and contentious issues facing the UK...

Latest publication

Other news

The Coventry cuts selected intermediary residential fixed rates

Coventry for intermediaries has reduced a number of residential fixed-rate products for new and...

Mortgage Advice Bureau completes acquisition of Dashly

Mortgage Advice Bureau (MAB) has completed the acquisition of technology and data company Dashly,...

The Buckinghamshire lowers rates across key ranges

Buckinghamshire Building Society has cut rates across a wide spread of residential and buy-to-let...