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first direct cuts rates on two and five year fixed rates

01 Jul 2016

Latest rate changes boost appeal of award winning product range

first direct has cut rates across its award winning two and five year fixed rate mortgage range, giving homebuyers a wider choice of mortgage products to suit different financial needs.

The revised mortgage range, which is available from today (Friday 1 July 2016), includes:

60% LTV Two Year Fixed – 1.89% fee saver* (reduced by 0.10%)

75% LTV Two Year Fixed – 1.99% fee saver* (reduced by 0.10%)

90% LTV Two Year Fixed – 2.79% fee saver* (reduced by 0.10%)

For borrowers looking to fix rates over a longer period, first direct has also cut a number of five year rates, including:

60% LTV 5 Year Fixed – 2.14% with £1450 fee (reduced by 0.10%)

60% LTV 5 Year Fixed – 2.69% fee saver* (reduced by 0.10%)

85% LTV 5 Year Fixed – 2.63% with £1450 fee (reduced by 0.16%)

90% LTV 5 Year Fixed – 3.29% fee saver* (reduced by 0.30%)

Tracy Garrad, CEO of first direct commented: “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.”

The first direct mortgage team is available 8am to 10pm, 7 days a week.

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