Sainsbury's Bank expands mortgage broker distribution panel

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Sainsbury's Bank expands mortgage broker distribution panel

Green Box | 16:32 Tuesday 31st October 2017 | 9

Sainsbury's Bank has added Mortgage Advice Bureau to its network of intermediary partners.

The lender – which recently expanded its residential mortgage range – said it was looking forward to working with everyone at Mortgage Advice Bureau.

Sainsbury's Bank has also announced changes to its two- and five-year fixed rate range.

Poll

As a broker, what type of client do you feel is currently most underserved by specialist banks?

Small business owner

Medium-sized business owner

Large business owner

What's new in the two-year fixed rate range:

• 60% LTV increased to 1.34% with a £745 product fee and 1.55% with no product fee
• 75% LTV increased to 1.39% with a £745 product fee and 1.69% with no product fee
• 80% LTV increased to 1.45% with a £745 product fee and 1.85% with no product fee
• 85% LTV increased to 1.54% with a £995 product fee and 1.89% with no product fee
• 90% LTV increased to 2.39% with no product fee.

What's new in the five-year fixed rate range:

• 60% LTV increased to 1.80% with a £745 product fee and 1.99% with no product fee
• 75% LTV increase to 1.91% with a £745 product fee and 2.12% with no product fee
• 80% LTV increased to 2.04% with a £745 product fee and 2.24% with no product fee
• 85% LTV increased to 2.19% with a £995 product fee and 2.34% with no product fee
90% LTV increase to 2.94% with no product fee.

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