Sainsbury’s Bank makes buy-to-let rate cuts

Mortgage Introducer

August 21, 2018

Sainsbury’s has cut a number of buy-to-let 2-year fixed rates for remortgage.

After rate cuts customers can get a rate of 1.40% to 60% loan-to-value and 1.67% to 75% LTV, both with a £1,995 product fee.

Meanwhile to 75% LTV there are rates of 1.79% with a £995 product fee and 2.30% with no product fee.

Catherine More, head of mortgages at Sainsbury’s Bank, said: “The buy to let sector continues to weather a number of headwinds, yet despite this it remains one of the most resilient sectors, providing tenants with much-needed homes.

“We believe brokers have a vital role to play in giving customers access to a wider range of lenders and financing options and that this is helping to ensure the buy to let market continues to thrive and grow.”

Buy-to-let end dates are rolled forward to 30 November 2020 for 2-year products.

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