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Tuesday, October 17, 2017

Products

Sainsbury’s Bank enhances residential mortgage range

Martin Greenland | 7:48 Wednesday 11th October 2017

Sainsbury’s Bank has announced improvements to its residential mortgage range.

The changes to the bank’s mortgage range came into effect last week.

Some of the key highlights of the new range include:

Two-year fixed rate range:

• 60% LTV lowered to 1.39% with no product fee
• 75% LTV lowered to 1.43% with no product fee
• 80% LTV at 1.24% with the product fee lowered to £745
• 85% LTV lowered to 1.35% with £995 product fee
• 85% LTV lowered to 1.69% with no product fee
• 90% LTV lowered to 2.29% with no product fee.

Five-year fixed rate range:

• 60% LTV lowered to 1.59% with £745 product fee
• 60% LTV lowered to 1.78% with no product fee
• 75% LTV lowered to 1.69% with £745 product fee
• 75% LTV lowered to 1.93% with no product fee
• 80% LTV at 1.98% with the product fee lowered to £745
• 85% LTV lowered to 2.24% with no product fee
• 90% LTV lowered to 2.74% with £995 product fee
• 90% LTV lowered to 2.89% with no product fee.

All end dates for two-year products are until 31st December 2019 and 31st December 2022 for five-year products.

Sainsbury’s Bank urged intermediaries to get in touch with their business development manager to find out more.

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