Website: Sainsburys
Phone: 0500 700 600
The Sainsburys mortgage is low-rate, flexible and very easy to understand. Bonuses include Nectar points, and this product has justifiably won awards. If you're not clued up, check out Sainsbury's just for the simple explanations.
Ten years ago the idea of picking up a mortgage with your baked beans would be laughable- but the Sainsburys mortgage offering is no joke- they've stacked up some worthy awards in the past few years from the financial press, and neither the rates nor the website are to be sniffed at- it's helpful, friendly, efficient and simple.
Fixed, flexible and flexible discounted mortgages are on offer; and a 100% loan is available, albeit at a slightly (less than some other lenders) higher rate. A buy-to-let product is also on offer, but you should compare prices elsewhere- there are more specialised options available for profiting from property. The flexible account will of course be most useful if you have a savings account with Sainsburys too; and offers a very generous repayment holiday of up to six months in a year!
Sainsburys are hungry for your business- they'll waive arrangement and valuation fees for remortgage transfers and, for the loyalty-minded, you'll get 30,000 Nectar points annually- (that's worth £150 or a fortnight's food shopping- fair enough!)
If you're after simplicity and flexibility; a Sainsburys mortgage is a good place to start looking.
