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First direct reintroduces 85% LTV products

Jake Carter

February 17, 2021

First direct has reintroduced 2 and 5-year fixed rate mortgage products up to 85% LTV.

Notable deals include an 85% LTV 2-year fix at 2.94%, and an 85% LTV 2-year fix at 2.74%.

The former offering has no fees, while the latter includes a £490 fee.

An 85% LTV 5-year fix at 3.19%, and an 85% LTV 5-year fix at 2.89% have also been added.

Again, the former offering has no fees while the latter includes a £490 fee.

In addition, the lender has reintroduced lifetime tracker mortgages with the launch of an 85% LTV product at 3.19% without a fee, and an 85% LTV offering at 2.99% with a £490 fee.

Chris Hall, head of mortgages at first direct, said: “We’re really pleased to be offering 85% LTV mortgages again.

“The effects of the pandemic will be with us for a long time, but with hopes of the lockdown ending we’re now seeing increased demand among homebuyers and remortgagors looking for higher LTV fixed rates.

“First direct is known for its class-leading service, and we always aim meet the different needs of a wide range of people by offering competitive products.”


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