Finance

Sainsbury's Bank cuts buy-to-let and residential rates

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6th July 2018

Sainsbury's Bank is reducing rates across its residential and buy-to-let products from next week.

New buy-to-let rates include a five-year fixed remortgage product at 75% LTV reduced to 2.56% with a £995 product fee and £250 cashback.

Two-year fixed rates at 95% LTV now start from 3.19 with no product fee and a £500 cashback or 3.39% with £1,000 cashback.

The Bank's 95% LTV five-year fixed rate has been reduced to 3.29% with no product fee and a £500 cashback.

Five-year residential remortgage products now start from 1.85% at 60% LTV, 1.91% at 75% LTV and 2.03% at 80% LTV, all with a £995 product fee and £250 cashback or fee assisted legals.

All residential end dates remain till 30th September 2020 for two-year products and 30th September 2023 for five-year products and all buy-to-let end dates remain till 31st August 2020 for two-year products and 31st August 2023 for five-year products.

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