First Direct cuts mortgage rates
Tuesday, 01 November 2011 04:25
First Direct has cut the rate on 20 of its 52 mortgage products including some of its most popular options.
This has led to many of its products climbing up the best-buy charts.
In particular its two-year Limited Edition Offset Tracker now come with a rate of just 1.58 per cent plus base rate, meaning the rate is now 2.08 per cent. This product comes with a fee of £1,499 and is available to homeowners with a 65 per cent Loan To Value (LTV) ratio.
For those with less equity, First Direct offers another tracker deal at an 85 per cent LTV at 2.99 per cent plus base rate. This product comes with no extra fees.
For mortgage holders who are looking for a longer term fixed rate deal, First Direct have a limited edition five year fix at 3.49 per cent with a booking fee of £1,499. The deal is available if you have an LTV of 65 per cent.
Richard Tolchard, Senior Mortgage Product Manager at first direct said: "First Direct has always been known for great customer service and we're happy to help homeowners looking for a better deal by reducing the cost of some of our mortgages at a time when other household bills are rising."
Use the Myfinances.co.uk comparison tables to find the best deal on a nbew mortgage.
Comments
Newsletter sign up