First direct cuts rates

Michael Lloyd

January 29, 2018

First direct has cut rates across selected 2, 5, and 10 year fixed rate mortgages.

These include a 60% LTV 10-year fix at 2.49% fee saver, reduced by 0.05% and 60% LTV 10-year fix at 2.49% fee saver* (reduced by 0.05%)

Nick Harrison, head of products at first direct, said: “We’re seeing increased demand among homebuyers at the moment, particularly among those looking for higher LTV fixed rates.

“At first direct we listen to what customers are saying, so in response we’re launching ‎a range of competitive rates at higher LTVs – and across different terms – at some of the lowest rates we’ve ever offered.”

Thee is also 60% LTV at 5-year fix at 1.79% with a £725 fee (reduced by 0.10%) and a 75% LTV 5-year fix at 1.94% with a £725 fee (reduced by 0.10%).

There’s also a 80% LTV 5-year fix at 2.14% with a £725 fee (reduced by 0.10%), 85% LTV 5-year fix at 2.29% with a £725 fee (reduced by 0.10%) and 90% LTV 5-year fix at 2.69% with a £725 fee (reduced by 0.10%).

Reduced by 0.05%, there was 60% LTV 5-year fix at 1.94% fee saver (reduced by 0.05%), 75% LTV 5-year fix at 2.09% fee saver, 80% LTV  5-year fix at 2.29% fee saver.

And with the same reduction, 85% LTV 5-year fix at 2.44% fee saver and 90% LTV 5-year fix at 2.84% fee saver.

First direct has also cut a number of 2-year rates, including: its 90% LTV 2-year fix at 1.99% with a £725 fee (reduced by 0.10%) and 90% LTV 2-year fix at 2.24% fee saver (reduced by 0.10%).

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