Sainsbury’s has pulled all its base rate tracker mortgages in response to lack of customer demand for the products.

The lender has also cut rates on a number of two and five-year fixed-rate deals, and added some new products.

As a result, Sainsbury’s will now offer a 95% loan to value (LTV) fixed for two years at 3.39% with no product fee and a £500 cashback, as well as a five-year 60% LTV deal at 1.89% with £995 product fee.

New deals include a five-year fixed rate of 3.59% at 95% LTV with no product fee and a £500 cashback, and a 95% LTV two-year rate of 3.69% with no product fee and a £1,000 cashback.

A spokeswoman for Sainsbury’s Bank, said: “We constantly review our rates and product offerings in order to remain competitive and best serve our customers.

“Following a review of the market alongside the current demand from our customers, we have decided to focus entirely on our fixed range.”