BTL rates cut at Sainsbury's

The lender announced that the new products are available at 75% LTV, include two-year fixed rates from 1.70% with a £1,995 product fee, 1.95% with a £995 product fee, and 2.36% with no product fee.

Five-year fixed rates have been reduced to 2.59% with a £1,995 product fee, 2.71% with a £995 product fee, and 2.83% with no fee. For buy-to-let remortgage products, two-year fixed rate products are available up to 60% LTV at between 1.45% and and 2.11%.

Two-year remortgage rates at 75% LTV start from 1.73% with a £1,995 product fee, increasing to 2.37% with no product fee.

Five-year fixed remortgage rates at 60% LTV have been reduced to 2.16% with a £1,995 product fee, rising to 2.30% with a £995 product fee and 2.53% with no fee. 75% LTV rates start from 2.52% and increase to 2.88% for the fee-free option.

All products continue to come with £250 cashback and remortgage products also come with a free standard valuation.