On Friday 23 August first direct, winner of Moneywise Most Trusted Mortgage Provider, reduced the rates on eleven of its Offset and Repayment mortgages by up to 0.2% to provide even better value to customers. Borrowers with 25-35% deposit or equity are able to take advantage of these lower rates, which are offered with and without fees.
In addition to reducing its rates, the internet and telephone bank also offers a fee free* option across their mortgage range to help borrowers keep their upfront costs down.
first direct Repayment mortgages with rate reductions
first direct Offset mortgages with rate reductions
Andy Forbes, Head of Retail Products at first direct commented:
“We want to make it easy for customers to get a great mortgage deal, removing the barrier of paying a fee. So now, whether you have a high or low LTV, want a Tracker or Fixed rate, Offset or Repayment, there is a first direct fee free mortgage with a great rate that fits.”
For further information please contact Rebecca Hirst on 0113 276 6899, email@example.com or Amanda Brown on 0113 276 6700, firstname.lastname@example.org
Notes to Editors
New mortgage rates.
* Fee free means:
- No arrangement fee
- No booking fee
- No standard valuation fee
first direct will cover the cost of one standard valuation where this is required as part of the mortgage application. Additionally, where it is a straight forward transfer from another lender, first direct also pays the standard legal costs.
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first direct provides both telephone banking and online banking services to its 1.2m customers. It offers a full range of personal banking products including its award winning Current Account and offset mortgages.