first direct launched two new market leading Base Rate tracker mortgages available from Friday 5 December 2008. The offset Base Rate tracker mortgage tracks the Bank of England Base Rate for the life of the loan. It is priced at 1.49% above Base Rate and is currently 3.49% (APR 3.6%).
12 Dec 2008Press Release
According to recent research* carried out on behalf of first direct, mortgage holders who have come to the end of their current mortgage deal and are 'free to leave'** appear more sensitive to a rise in their monthly payments than a rise in the Bank of England Base Rate.
4 Apr 2011Press Release