first direct has cut rates across its range of 2- and 5-year fixed rate mortgages.
Notable reductions include the 60% loan-to-value (LTV) 2-year fee-saver fix cut by 0.10% to 1.34%, and the 60% LTV 2-year fix cut by 0.10% to 1.14%, with a £490 fee.
As well as this, the 90% LTV 2-year fee-saver fix has been cut by 0.20% to 3.14%, and the 90% LTV 2-year fix by 0.15% to 2.99%, with a £490 fee.
The 75% LTV 5-year fee-saver fix has been cut by 0.05% to 1.84%, and the 75% LTV 5-year fix by 0.05% to 1.59%, with a £490 fee.
The 85% LTV 5-year fee-saver fix has been cut by 0.10% to 2.99%, and the 85% LTV 5-year fix by 0.05% to 2.74%, with a £490 fee.
Lloyd Robson, commercial director at first direct, said: “It’s important to us we keep our rates under constant review so we can offer competitive mortgage deals together with our award winning service.”
“Giving customers the choice of fee free deals means we can offer a wider spread of rates to meet the different needs of borrowers.”