Sainsbury’s Bank has reduced its two-year rate for remortgages at 60% loan-to-value (LTV) to 1.85%, with no product fee and £250 cashback.

At 75% LTV, the lender has cut the rate to 1.88% with no product fee and £250 cashback.

For the residential range, all end dates remain 30th September 2020 for two-year products and 30th September 2023 for five-year products.

 

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Hinckley & Rugby

Hinckley & Rugby Building Society has cut the interest rates on three of its 95% LTV residential mortgage products.

Its five-year fixed rate mortgage has fallen from 3.75% to 3.49% while its two-year fix is now at 3.09%, down from 3.19%.

The society’s two-year discount variable, which was charging 3.34%, is now 2.99%. All the other features of the three mortgage products remain unchanged.

 

Secure Trust Bank Mortgages

Secure Trust Bank Mortgages has cut prices across 70 products and introduced a new zero fee range.

Rates have been cut by up to 0.85% on purchase and remortgage products, with the largest reductions on the STB3 product tier, for clients who have registered no County Court Judgments (CCJs) or defaults in the last six months.

In the STB3 range, the 75% LTV two-year product has been cut by 0.85% to 3.74%. The 70% LTV version is now at 3.64%, and the 65% LTV has a rate of 3.54%.

In the STB2 suite, which means for clients who have registered no CCJs or defaults in the last 12 months, the 75% LTV three-year product has also been cut by 0.85% to 3.54%. For the 65% LTV two-year product, rates are now available from 2.94%.

In the STB1 range, for clients who have zero CCJs or defaults in the last 24 months, the 65% LTV five-year product has been reduced by 0.60%, giving a rate of 3.69% and the 65% LTV two-year fix is now set at 2.24%.

Secure Trust Bank has also introduced £0 product fee mortgages available up to maximum LTVs across all of its product tiers.

A two-year fixed rate with £0 product fee is available from 2.84% up to 65% LTV and a five-year fixed rate with £0 product fees up to 65% LTV is available from 3.84%. The range, which includes options for interest-only and part-and-part, offers free standard valuations on purchases of properties valued up to £350,000 and free standard valuations and fees assisted legals on remortgages.

 

Kensington Mortgages

Kensington Mortgages has reviewed its mortgage proposition across its residential and buy to let ranges, available from 12 September.

The changes include the launch of a 95% LTV mortgage available to first-time buyers and home movers covering two-year and five-year fixed terms with rates starting at 4.64% for a two-year term.

Fixed term rates for its buy-to-let Core products have been decreased by up to 0.20% at 85% LTV starting at 3.99% for a two-year fixed rate.

In addition, five-year rates now have individual low reversion margins, offering improved affordability for landlords.

Kensington has also extended its 90% LTV residential range distribution to all KMC registered brokers.