Sainsbury’s Bank is extending its mortgage range with the launch of four 95% loan-to-value mortgage products aimed at first-time buyers.
The products are 2-year fixes at 2.49% with a £995 fee and 3.69% with no fee, and 5-year fixes stand at 3.99% with a £995 fee and 4.05% with no fee.
Products also come with £250 cashback and a free valuation.
David Buxton, head of banking at Sainsbury’s Bank, said: “We believe the 95% LTV market will continue to play an important role in the future of UK mortgage lending and we’re delighted to introduce these new competitive products.
“We offer quality products to homeowners and would-be homeowners across the UK with rewards and competitive rates, and we understand the pressures and challenges many face when trying to get their first foot on the property ladder.
“This range of new products, paired with the incentive of free valuation and cash back will make it possible for first time buyers, and support second time buyers, to find their perfect home.”