Sainsbury’s Bank 5-year fixed mortgage 1.59%, £745 fee or 1.78% no fee. Max LTV 60%
476°Expired

Sainsbury’s Bank 5-year fixed mortgage 1.59%, £745 fee or 1.78% no fee. Max LTV 60%

Editor 26
Editor
Found 13th Oct
If you’re looking to fix your mortgage for five years, Sainsbury’s has some decent deals.

Up to 60% LTV
1.59% with a £745 fee
1.78% with no fee

Up to 75% LTV

1.69% with a £745 fee
1.93% with no fee

Up to 80% LTV
1.98% with £745 fee
2.18% with no fee

Up to 85% LTV
2.14% with £995 fee
2.24% with no fee

Up to 90% LTV
2.74% with £995 fee
2.89% with no fee



To see the rates download the product pdf from the link

In each case you’ll need to do some sums to work out what’s best for you. Add five years’ (60 months) or mortgage payments plus the fee to arrive at your total five-year cost.

26 Comments

Do they still do cashback on mortgages?

So this is better than the 5year 60%LTV no fee 1.79 Santander deal that went very hot on here? Assuming no hidden fees.

Overpayment allowed?

Vomit14 m ago

Overpayment allowed?

10%

Good deal. Same rate as HSBC although their fee is £999 unless you have an Advance account then it's £749.00.

With the Santander one you could also take advantage of their 123 account and get cash back on your mortgage and bills etc

ferrim13th Oct

With the Santander one you could also take advantage of their 123 account …With the Santander one you could also take advantage of their 123 account and get cash back on your mortgage and bills etc


Also 123 lite - £1 per month. Basically you need to decide if the interest on credit balance is worth £4 per month.

5 year fixed rate now removed and HSBC rate now increased to 1.79%.

truantotter4 h, 44 m ago

So true! So quick ...It was still 1.59% literally just last week So true! So quick ...It was still 1.59% literally just last week https://www.hsbc.co.uk/1/2/mortgages/products?pcode=A000000000000000000004050166


Worrying!

Was hoping rates would get lower. I'm still on a 1.24% rate until September next year but been holding out for a cheap 5 year fix.
:-(

Ah poor timing. I can't look to remortgage until 3rd Nov and rate are changing. Some really good product are all being withdrawn prior to 2nd Nov announcement

satty8329 m ago

Ah poor timing. I can't look to remortgage until 3rd Nov and rate are …Ah poor timing. I can't look to remortgage until 3rd Nov and rate are changing. Some really good product are all being withdrawn prior to 2nd Nov announcement


You can normally start a remortgage application 3 months in advance of your current mortgage ending penalty free, so could apply now and not pay any early repayment charges providing you set the remortgage date correctly. If you go with Tesco mortgages they allow you to apply 6 months in advance which is what I've just done as my 2 year fix doesn't end until April next year so I'm locking in the application for a 5 year fix now before the rates go up. You can pick the date you want to change over to them with Tesco
Edited by: "chompyrud" 20th Oct

satty837 h, 1 m ago

Ah poor timing. I can't look to remortgage until 3rd Nov and rate are …Ah poor timing. I can't look to remortgage until 3rd Nov and rate are changing. Some really good product are all being withdrawn prior to 2nd Nov announcement


Who are you currently with? I'm with HSBC with a fixed rate due to end August next year. I can still do a product change with them now on the website, but have to pay the ERC (reducing daily).

Gutted that the 1.59% has gone - just missed the boat, but there's no time machine and 1.79% is what it is now. I can't see it going down again. I have to weigh up that I save 0.7%pa on my current fixed rate but 1% pa ERC, so 0.3% 'cost' until the end of my fixed period. This might be worthwhile if I have to pay 1.99%+ pa if I leave it too long to reproduct.

Do you think the best 5 year fixed rate around currently is the 1.79% 60% LTV mortgage with Santander?
We applied for the Sainsbury's 5 year fixed rate however it took 2 weeks after our mortgage in principle to even get an appointment to get a mortgage offer, and now it's too late!

whitman_the_cat17 h, 41 m ago

Who are you currently with? I'm with HSBC with a fixed rate due to end …Who are you currently with? I'm with HSBC with a fixed rate due to end August next year. I can still do a product change with them now on the website, but have to pay the ERC (reducing daily). Gutted that the 1.59% has gone - just missed the boat, but there's no time machine and 1.79% is what it is now. I can't see it going down again. I have to weigh up that I save 0.7%pa on my current fixed rate but 1% pa ERC, so 0.3% 'cost' until the end of my fixed period. This might be worthwhile if I have to pay 1.99%+ pa if I leave it too long to reproduct.

Currently with YBS on a fixed price 1.59 which ends 31st Jan 2018 I cant remortgage with them until 3rd Nov otherwise a 1% ERC. Looking at offset but even them rates are going up.

satty832 h, 4 m ago

Currently with YBS on a fixed price 1.59 which ends 31st Jan 2018 I cant …Currently with YBS on a fixed price 1.59 which ends 31st Jan 2018 I cant remortgage with them until 3rd Nov otherwise a 1% ERC. Looking at offset but even them rates are going up.


I see. It isn't worth your while trying to switch early with your decent current rate and penal ERC. (HSBC used to have constant ERC in each year, but now run it down daily).

It's just my opinion, but I think the banks have already factored in the possible rate rise and probably won't change rates again in the short term. The swap rate is a better indicator of lender's costs and this has dropped over the month.

Hi. Anyone able to find this rate:

Up to 75% LTV
1.69% with a £745 fee

I can't seem to find the 5 year deal with the fee on the rates PDF. The 1.93 with no costs is on there.

Sainsburys changed all their mortgage rates up on the 24th October:

sainsburysbank.co.uk/int…ews

We’ve made some changes to our 2 and 5 year fixed rate ranges - 24/10/2017

On Tuesday 24th October 2017, we are making the following changes to our product range:

What’s new in the 2 year fixed rate range:

60% LTV increased to 1.34% with a £745 product fee and 1.55% with no product fee
75% LTV increased to 1.39% with a £745 product fee and 1.69% with no product fee
80% LTV increased to 1.45% with a £745 product fee and 1.85% with no product fee
85% LTV increased to 1.54% with a £995 product fee and 1.89% with no product fee
90% LTV increased to 2.39% with no product fee

What’s new in the 5 year fixed rate range:

60% LTV increased to 1.80% with a £745 product fee and 1.99% with no product fee
75% LTV increased to 1.91% with a £745 product fee and 2.12% with no product fee
80% LTV increased to 2.04% with a £745 product fee and 2.24% with no product fee
85% LTV increased to 2.19% with a £995 product fee and 2.34% with no product fee
90% LTV increased to 2.94% with no product fee

All end dates are until 31st December 2019 for 2 year products and 31st December 2022 for 5 year products.

whw14 h, 34 m ago

Sainsburys changed all their mortgage rates up on the 24th …Sainsburys changed all their mortgage rates up on the 24th October:https://www.sainsburysbank.co.uk/intermediaries/newsWe’ve made some changes to our 2 and 5 year fixed rate ranges - 24/10/2017On Tuesday 24th October 2017, we are making the following changes to our product range:What’s new in the 2 year fixed rate range: 60% LTV increased to 1.34% with a £745 product fee and 1.55% with no product fee 75% LTV increased to 1.39% with a £745 product fee and 1.69% with no product fee 80% LTV increased to 1.45% with a £745 product fee and 1.85% with no product fee 85% LTV increased to 1.54% with a £995 product fee and 1.89% with no product fee 90% LTV increased to 2.39% with no product feeWhat’s new in the 5 year fixed rate range: 60% LTV increased to 1.80% with a £745 product fee and 1.99% with no product fee 75% LTV increased to 1.91% with a £745 product fee and 2.12% with no product fee 80% LTV increased to 2.04% with a £745 product fee and 2.24% with no product fee 85% LTV increased to 2.19% with a £995 product fee and 2.34% with no product fee 90% LTV increased to 2.94% with no product feeAll end dates are until 31st December 2019 for 2 year products and 31st December 2022 for 5 year products.


This is almost on par with HSBC’s offer then.

I've not found sainsburys useful really. I rang them and they told me once I have completed a mortgage in principle which can take an hour I would then get a call back from an advisor which is normally a minimum of 5 day however due to current demand it's 3wks. It's only then after completing this would I be able to apply and lock a rate. Given that their rates have changed twice in the last few weeks and will almost certainly go up again following the announcement on the 2nd November. Anyone looking at their deals is better off saving there time and dealing with a company that can do things quickly
Edited by: "satty83" 26th Oct

Im currently going through Santander who have been great, from applying online on a Friday we were accepted and approved with an offer by the following Friday, now just waiting for the paperwork to come through

ferrim13 h, 21 m ago

Im currently going through Santander who have been great, from applying …Im currently going through Santander who have been great, from applying online on a Friday we were accepted and approved with an offer by the following Friday, now just waiting for the paperwork to come through

We are going through the same process, haven't spoken to a single person, done all online and we've had our mortgage offer through today. Super impressed and it's taken less 2 weeks!

Just going through Santander now so the comments above are welcome. Did the 1.94% 5 year fixed with no fees. The 1% 123 account cash back actually makes it a better rate again and drops my monthly payment by £10.

Just going through Santander 1.79% fixed for 5years no fee. 1% cashback with 123 account so for me the best deal out there. Plus you can go into branch for overpayments. Doubt you could walk into Sainsbury's and do it at the till

These deals not been available for weeks
Post a comment
Avatar
@
    Text