Sainsbury’s Bank increases mortgage rates

By
Kevin Rose
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0
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Sainsbury’s Bank has made changes to its mortgage range.

Changes are are as follows:

Two-year fixed rate purchase range:

  • 60% LTV increased to 1.57% with a £995 product fee
  • 60% LTV increased to 1.92% with no product fee
  • 75% LTV increased to 1.61% with a £995 product fee
  • 75% LTV increased to 1.93% with no product fee
  • 80% LTV 1.60% with a £995 product fee will be withdrawn

Five-year fixed rate purchase range:

  • 60% LTV increased to 2.05% with a £995 product fee
  • 60% LTV increased to 2.20% with no product fee
  • 75% LTV increased to 2.07% with a £995 product fee
  • 75% LTV increased to 2.22% with no product fee

Two-year fixed rate remortgage range:

  • 60% LTV increased to 1.57% with a £995 product fee and £250 cashback or Fee Assisted Legals
  • 60% LTV increased to 2.01% with no product fee and £250 cashback or Fee Assisted Legals
  • 75% LTV increased to 1.60% with a £995 product fee and £250 cashback or Fee Assisted Legals
  • 75% LTV increased to 2.02% with no product fee and £250 cashback or Fee Assisted Legals
  • 80% LTV 1.94% with no product fee will be withdrawn

Five-year fixed rate remortgage range:

  • 60% LTV increased to 2.01% with a £995 product fee and £250 cashback or Fee Assisted Legals
  • 60% LTV increased to 2.29% with no product fee and £250 cashback or Fee Assisted Legals
  • 75% LTV increased to 2.01% with a £995 product fee and £250 cashback or Fee Assisted Legals
  • 75% LTV increased to 2.34% with no product fee and £250 cashback or Fee Assisted Legals
  • 80% LTV 2.24% with no product fee will be withdrawn

For the residential range all end dates are until 30 September 2020 for two-year products and 30 September 2023 for five-year products.

A spokesperson for Sainsbury’s Bank, said: “We continually review our mortgage rates to make sure they’re competitive for residential and buy-to-let. We consider a range of factors when doing this.”