Sainsbury’s Bank has made changes to its residential product range as well as the Standard Variable Rates for both residential and buy-to-let.
What’s changing in the two-year fixed rate purchase range:
- 60% LTV reduced to 1.85% with no product fee
- 75% LTV reduced to 1.85% with no product fee
- 80% LTV reduced to 1.64% with a £995 product fee
What’s changing in the five-year fixed rate purchase range:
- 60% LTV reduced to 1.89% with a £995 product fee
- 60% LTV reduced to 2.09% with no product fee
- 75% LTV reduced to 1.94% with a £995 product fee
- 75% LTV reduced to 2.14% with no product fee
- 80% LTV reduced to 2.08% with a £995 product fee
- 95% LTV increased to 3.49% with no product fee and a £500 cashback
What’s changing in the two-year fixed rate remortgage range:
- 60% LTV reduced to 1.39% with a £1,495 product fee and £250 cashback or Fee Assisted Legals
- 60% LTV reduced to 1.47% with a £995 product fee and £250 cashback or Fee Assisted Legals
- 75% LTV reduced to 1.53% with a £995 product fee and £250 cashback or Fee Assisted Legals
What’s changing in the five-year fixed rate remortgage range:
- 60% LTV reduced to 1.94% with a £995 product fee and £250 cashback or Fee Assisted Legals
- 60% LTV reduced to 2.09% with no product fee and £250 cashback or Fee Assisted Legals
- 75% LTV reduced to 1.94% with a £995 product fee and £250 cashback or Fee Assisted Legals
- 75% LTV reduced to 2.14% with no product fee and £250 cashback or Fee Assisted Legals
- 80% LTV reduced to 2.24% with no product fee and £250 cashback or Fee Assisted Legals
For the residential range all end dates are until 30 September 2020 for two-year products and 30 September 2023 for five-year products.
For the buy-to-let range all end dates are until 30 November 2020 for two-year products and 30 November 2023 for five-year products.
Sainsbury’s Bank Standard Variable Rate (SVR) has increased by 0.25 percentage points to 4.49%, while the Buy-to-Let Standard Variable Rate (BTL SVR) has increased by 0.25 percentage points to 5.24%.
