Sainsbury's Preferential Rate (for LTV of up to 90%) will be cut from 4.95% to a new lower rate of 4.7% variable. The Bank's Standard Rate (for LTV of 90% - 100%) will be cut from 5.2% to 4.95% variable, both with effect from 1st March 2003.
Sainsbury's Bank's range of mortgages consists of the flexible 'Flexipay' mortgage, a discounted flexible mortgage, a choice of two fixed rates and a flexible buy-to-let mortgage.
