Sainsbury’s Bank strengthens its proposition by entering buy to let mortgage market.
Sainsbury’s Bank is bolstering its mortgage proposition by entering the buy to let mortgage market.
After launching their residential mortgages only a year ago, the brand new range for landlords includes a 2 year fixed rate option as well as a 5 year. Both are available for purchase as well as remortgage.
Maximum loans are available for up to £1million for 60% LTV and £500,000 for up to 75% LTV.
Sainsbury’s Bank is one of the numerous lenders who already have, or who have recently launched, products that support landlords with smaller portfolios. With Deal Direct’s help, we can measure the merits of the loans that match your borrowing requirements to help you identify the most appropriate option. By ‘appropriate’, we mean not only the most affordable, but the one that offers the best all-around value.
One of our advisors will be more than happy to start the process for you on 0800 048 8828.
We are regulated to offer independent mortgage advice; however, we are not regulated to offer general financial advice. If you want to discuss the suitability of a property as an investment, you will need to contact an independent financial advisor.
Please note that buy to let mortgage applications from:
- applicants whose intention is to benefit from house price growth
- applicants whose intention is to benefit from rental income
- applicants who are letting to buy
will be treated as a normal buy to let and not as a consumer buy to let. In addition, their subsequent remortgage applications will also be treated in the same manner.