Mortgages

Sainsbury's withdraws all tracker mortgage products

Rozi Jones
|
14th June 2018
Sainsbury

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

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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