Sainsbury’s Bank has withdrawn its residential base rate tracker products.
The bank attributed the move to changing customer demand.
This change has coincided with the lender launching new 2 and 5-year fixed rate purchase and remortgage products.
A spokesperson for Sainsbury’s Bank, said: “We constantly review our rates and product offerings in order to remain competitive and best serve our customers. Following a review of the market alongside the current demand from our customers, we have decided to focus entirely on our fixed range.”
New products for purchase included a 5-year fix at 3.59% to 95% loan-to-value with £500 cashback and a 2-year fix at 3.69% with no product fee and £1,000 cashback.
The society also refreshed a number of fixed rate mortgages for purchase and remortgage.