Sainsbury’s Bank unveils rate cuts

Sainsbury’s Bank has cut a number of mortgage rates – as residential purchase 2-year fixes to 95% loan-to-value now cost 3.19% with £500 cashback and 3.39% with £1,000 cashback with no fee.

The lender is now also offering a 5-year residential purchase mortgage at 3.29% with no product fee and £500 cashback.

For 5-year fixed rate residential remortgages the society has cut rates to 1.85% to 60% LTV, 1.91% to 75% LTV and 2.03% to 80% LTV, all with a £995 product fee and £250 cashback.

Lastly the lender is cutting its 5-year fixed rate buy-to-let remortgatge to 2.56% to 75% LTV % with a £995 product fee and £250 cashback.

The rates are available from Monday.

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