first direct cuts fixed rates

Ryan Bembridge

July 1, 2016

house scissors

first direct has cut its 2 and 5-year fixed rate mortgages.

Its 2-year fixes stand at 1.89% to 60% loan-to-value, 1.99% to 75% LTV and 2.79% to 90% LTV with no fees.

The lender’s fee free 5-year fixes are priced at 2.69% to 60% LTV and 3.29% to 90% LTV.

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With a £1,450 fee 5-year fixes stand at 2.14% to 60% LTV and 2.63% to 85% LTV.

Tracy Garrad, chief executive of first direct, said: “We try to be responsive to the needs of borrowers and have cut rates and widened our range of two and five years fixed rate mortgages – with and without fees – which can offer more certainty in uncertain times.”