BTL Nectar Points with Sainsbury’s Bank!

BTL Nectar Points with Sainsbury’s Bank!

9:25 AM, 13th November 2018, About 4 years ago

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Sainsbury’s bank has now added the Personal Touch Financial Services network to its list of Buy to Let Partners so they can be added to the list of options for Property118 members and readers.

When a borrowers takes out a new mortgage with Sainsbury’s Bank they can get 5 bonus Nectar points per £1 of qualified spend when they use their Nectar card at Sainsbury’s.

75% Maximum Loan to Value for purchases and remortgages

Minimum loand £40k Maximum £1m

2 year fixed rates from 1.49% @ 60% LTV to 2.36% @ 75% LTV

5 year fixed rates from 2.29% @ 60% LTV to 2.83% @ 75% LTV

Sainsbury’s Bank head of intermediaries sales David Crooke sauid: “We believe in creating strong mutually beneficial partnerships and are delighted to welcome PRIMIS Mortgage Network and Personal Touch Financial Services to our carefully selected network of broker partners.”

PTFS proposition director Vikki Jefferies responded: “We are very pleased to be working in partnership with Sainsbury’s bank. The solid reputation it has built within the intermediary market complements our comprehensive lender panel and emphasises our aim to provide a greater quality of choice for our brokers.”

This is an interesting quirky addition to the range of Buy to Lets on offer, but as ever we would need to conduct a full fact find and whole of market search to find the most appropriate lender and products for each individual borrower.

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