Are you looking to remortgage your Sainsbury's Bank mortgage? Call us on 020 7016 0790
Sainsbury's Bank is not necessarily offering it's existing mortgage customers another rate when they come to the end of their fixed or tracker deals. The bank pulled out of the market last year and stopped providing new customer mortgages.
The lenders existing mortgage borrowers will receive a letter if they qualify for a new rate. However, some applicants may be forced to switch to another bank or building society to avoid reverting onto its 3.84% standard variable rate.
Sainsbury's is not providing additional borrowing to its existing customers who potentially want to release some equity for home improvements or to repay debts. It is giving customers the option of letting their property once they get permission to let.
Aaron Strutt, product director at Trinity Financial, says: "If you are looking to remortgage to another lender and secure one of the incredibly cheap rates our brokers can help you switch to another provider. We have been speaking to more Sainsbury's mortgage customers keen to refinance.
"When lenders pull out of the market there is always a danger that the mortgage will be sold onto another bank and managed by someone else. If you can switch to another big lender you are likely to find it easier to switch rates in the future."
Call Trinity Financial on 020 7016 0790 to secure a mortgage or complete our enquiry form
Mortgage lenders are offering some of the cheapest ever rates and it is possible to secure two-year fixed rates from 1.2% and five-year fixes below 1.5%. Most of the lenders have fee-free remortgage rates but their best deals have a £999 fee.
To access the most competitively priced rates borrowers will need to have equity in their homes of between 25% and 40%.
Most of the lenders pay for the property valuation and legal fees when borrowers remortgage to them as an incentive to switch. The remortgage process typically takes around six weeks.
Trinity Financial has access to The Mortgage Works 1.44% two-year fix and 1.79% five-year fix buy-to-let mortgages.
Both of these mortgages have a £1,995 arrangement fee and applicants will need 40% deposit to qualify. The lender will pay for the property valuation and legal fee to reduce the cost of switching banks.
After the fixed rates both mortgages revert to The Mortgage Works 4.74% standard variable rate and both rates have early repayment charges.
A wide range of buy-to-let lenders are offering their cheapest ever buy-to-let rates to a wide range of landlords and many of them have flexible acceptance criteria.
Trinity Financial's brokers consistently arrange remortgages and the process is quick and stress-free.
As part of our advice and recommendation service, each of our brokers takes the time to speak to clients and understand their financial situation. They confirm if they will qualify for any of the market-leading rates and what the best deal is for them.
Our brokers will never apply for a mortgage or without the express permission of clients that they are happy to proceed and will call you back at least three months before your new mortgage expires in the future.
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Speak to one of our mortgage experts. Book an appointment to come and see us or request one of our experts to call you.
