first direct cuts fixed rates

Ryan Bembridge

August 11, 2017

first direct has cut 5-year fixed rates and a 2-year fix by between 0.05% and 0.10%.

The bank’s 5-year fixes now stand at 1.64% to 60% loan-to-value and 2.69% to 90% LTV, both with £1,450 fee.

Nick Harrison, head of products at first direct, said: “We’ve cut the rates on selected two and five years fixed rate mortgages – with and without fees – to ensure we continue to offer outstanding customer value across our market-leading range of mortgage products.”

Fee saver (no booking, arrangement or standard valuation fee) 5-year fixes stand at 1.84% to 60% LTV, 2.04% to 75% LTV, 2.19% to 80% LTV and 2.34% to 85% LTV, after reductions of 0.10%.

Meanwhile its 80% LTV 2-year fix stands at 1.69% after a rate cut of 0.05%.

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