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first direct launches market leading 2 & 3 year fixed rate mortgages

21 Nov 2014

On Friday 21 November first direct will introduce two Best Buy fixed rate mortgages for borrowers with a 35% deposit or equity. Borrowers will be able to take advantage of either a 1.39% 2 year fixed rate or a 2.19% 3 year fixed rate, both with a fee of £1950.  

In addition,  the Most Trusted Mortgage Provider* will  reduce a large number of rates across its standard mortgage range as well as continuing  to offer a chart topping 1.59% 2 Year Offset Tracker with a £1,450 fee.

Andrew Forbes, Head of Products at first direct commented:  ‘There’s healthy competition in the mortgage market at the moment but it means that there’s an eye watering number of offers available.  Our new rates will help borrowers save time and come to us knowing they can choose a leading rate in the market.’

first direct ’s Best Buy mortgages:

  •        65% LTV 2 Year Fixed – 1.39% with £1,950 fee
  •        65% 3 Year Fixed – 2.19% with £1,950 fee
  •        65% 5 Year Fixed – 2.73% with £1,450 fee
  •        65% 2 Year Offset Tracker – 1.59% with £1,450 fee

For further information please contact Amanda.brown@firstdirect.com on 01132766700 or Rebecca.sykes@firstdirect.com on 01132766899.

Ends

 Notes to editors

*first direct has been voted Most Trusted Mortgage Provider by Moneywise for 6 years running.

 

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