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first direct drops two and five year fixed rates by up to 0.51%

22 Jul 2016

New changes enhance appeal of award-winning mortgage range

first direct has cut the rates across its award-winning mortgage range by up to 0.51%, giving homebuyers an even greater choice of products to suit different financial needs.

The revised mortgage range, is available from today (22 July 2016) and includes:

  • 60% LTV Two Year Fixed – 1.24% with £1,450 fee (reduced by 0.04%)

  • 60% LTV Two Year Fixed – 1.74% fee saver* (reduced by 0.15%)

  • 75% LTV Two Year Fixed – 1.29% with £1,450 fee (reduced by 0.10%)

  • 75% LTV Two Year Fixed – 1.89% fee saver* (reduced by 0.10%)

  • 80% LTV Two Year Fixed – 1.48% with £1,450 fee (reduced by 0.09%)

  • 80% LTV Two Year Fixed – 1.95% fee saver* (reduced by 0.24%)

     

  • 60% LTV Two Year Fixed (Offset) – 1.44% with £1,450 fee

  • 60% LTV Two Year Fixed (Offset) – 1.99% fee saver* (reduced by 0.50%)

  • 75% LTV Two Year Fixed (Offset) – 1.49% with £1,450 fee

  • 75% LTV Two Year Fixed (Offset) – 2.09% fee saver* (reduced by 0.50%)

    For borrowers looking to fix rates over a longer period, first direct has also cut a number of five-year fixed rates, including: 

  • 60% LTV Five Year Fixed – 1.99% with £1,450 fee (reduced by 0.15%)

  • 60% LTV Five Year Fixed – 2.08% fee saver* (reduced by 0.41%)

  • 75% LTV Five Year Fixed – 2.09% with £1,450 fee (reduced by 0.25%)

  • 75% LTV Five Year Fixed – 2.18% fee saver* (reduced by 0.51%)

  • 80% LTV Five Year Fixed – 2.29% with £1,450 fee (reduced by 0.18%)

  • 80% LTV Five Year Fixed – 2.38% fee saver* (reduced by 0.51%)

Tracy Garrad, CEO of first direct : “

first direct continues to offer an outstanding range of mortgages with a wide choice of competitive products to suit different needs. For those looking for certainty of repayments we’ve cut the rates on our range of two and five year fixed rate mortgages – with and without fees.”

- Ends -

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first direct has cut rates across its award winning two and five year fixed rate mortgage range, giving homebuyers a wider choice of mortgage products to suit different financial needs. The revised mortgage range, which is available from today (Friday 1 July 2016)...


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Following the 0.25% base rate increase announced by the Bank of England today, first direct has frozen its offset Mortgage interest rate at 5.00% (5.1% APR) until further notice. This means the telephone and internet bank has absorbed the impact of the base rate rise and shielded its offset Mortgage customers from the consequences.


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