Sainsbury's withdraws all tracker mortgage products

Sainsbury's Bank has announced that it is withdrawing all base rate tracker products as part of changes to its residential mortgage range.

Related topics:  Mortgages
Rozi Jones
14th June 2018
Sainsbury

The lender has also announced rate reductions and new products across its two and five-year fixed rate purchase and remortgage products.

New products include a 95% LTV two-year fixed rate at 3.69% with no product fee and £1,000 cashback and a 95% LTV five-year fix at 3.59% with no fee and £500 cashback.

90% LTV two-year fixed rates have been reduced to 2.06% and 95% LTV rates now start from 3.39%, both with no fee.

60% LTV five-year fixed rates have been reduced to 1.89% with a £995 product fee or 2.09% fee-free, while 75% LTV rates are available from 1.94% with a £995 fee.

90% LTV five-year fixed have been reduced to 2.39% with £995 product fee and £250 cashback and 2.49% with no product fee and £250 cashback.

Two-year fixed rate remortgage products have seen a reduction at 90% LTV and start from 2.06% with no product fee and £250 cashback or fee assisted legals.

Five-year fixed remortage products have been reduced to 1.89% at 60% LTV, 1.94% at 70% LTV and 2.39% at 90% LTV, all with £250 cashback or fee assisted legals.

All residential end dates are also rolled forward to 30th September 2020 for two-year products and 30th September 2023 for five-year products.

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