Mortgages

Sainsbury's increases residential mortgage rates

Rozi Jones
|
8th August 2018
Sainsbury

Sainsbury's Bank has increased rates across its residential purchase and remortage range by up to 0.20%.

Two-year fixed rate purchase products have seen increases of between 9 and 18bps. At 60% LTV, rates now start at 1.57% with a £995 product fee and 1.92% fee free, and 75% LTV rates have increased to 1.61% with a £995 product fee and 1.93% with no product fee.

Five-year rates have increased by up to 13bps, with 60% LTV rates increasing to 2.05% with a £995 product fee and 2.20% fee-free, and 75% LTV rates rising to 2.07% with a £995 product fee and 2.22% with no fee.

Two and five-year remortgage rates have increased by up to 0.20%

Two-year products now start from 1.57% with a £995 product fee or 2.01% with no fee at 60% LTV, and 1.60% with a £995 fee and 2.02% fee-free at 75% LTV.

Five-year remortgage rates at 60% LTV have increased to 2.01% with a £995 product fee and 2.29% fee-free, while 75% LTV products are available at 2.01% with a £995 fee or 2.34% with no fee.

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