Sainsbury’s Bank announces widespread rate changes

By
Kevin Rose
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0
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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.