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Sainsbury's Bank launches BTL products

Martin Greenland | 13:51 Friday 25th May 2018

Sainsbury's Bank has expanded its mortgage range with the launch of new buy-to-let (BTL) products.

The BTL products will be solely available through its network of broker partners.

The products are designed for those looking to purchase or remortgage, with lending being made available to individuals who have a maximum portfolio of three BTL mortgage properties.

Sainsbury's Bank is also further supporting smaller property investors with the launch of its consumer buy-to-let (CBTL) product for accidental landlords.

The products are available across two- and five-year fixed terms, available up to £1m with a 60% LTV, and £500,000 up to 75% LTV.

“We are delighted to introduce our buy-to-let and consumer buy-to-let products as we're keen to begin to help smaller investors and non-portfolio landlords manage their mortgage outgoings,” said David Buxton, head of banking at Sainsbury's Bank.

“We work in partnership with our broker partners and they told us that a buy-to-let range was important, so we developed one as soon as we could, within our first year of trading.

“By creating strong partnerships – and listening to our brokers every step of the way – we're continuing to build a strong mortgage proposition.”

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