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first direct cuts rates on two and five year fixed rates

17 Jan 2017

first direct enhances its award winning product range with further rate cuts

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

The revised mortgage range, which is available from today (17 January 2017), includes:

  • 60% LTV Two Year Fixed – 1.18% with £1450 fee (reduced by 0.06%)
  • 80% LTV Two Year Fixed – 1.39% with £1450 fee (reduced by 0.10%)
  • 85% LTV Two Year Fixed – 1.44% with £1450 fee (reduced by 0.20%)
  • 90% LTV Two Year Fixed – 1.89% with £1450 fee (reduced by 0.30%)
  • 80% LTV Two Year Fixed – 2.09% fee saver* (reduced by 0.10%)
  • 85% LTV Two Year Fixed – 1.99% fee saver* (reduced by 0.15%)
  • 90% LTV Two Year Fixed – 2.49% 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:

  • 80% LTV 5 Year Fixed – 2.09% with £1450 fee (reduced by 0.10%)
  • 85% LTV 5 Year Fixed – 2.24% with £1450 fee (reduced by 0.05%)
  • 90% LTV 5 Year Fixed – 2.74% with £1450 fee (reduced by 0.15%)
  • 80% LTV Five Year Fixed – 2.39% fee saver* (reduced by 0.10%)
  • 90% LTV Five Year Fixed – 3.19% fee saver* (reduced by 0.05%)

Tracy Garrad, CEO of first direct , commented: “We’ve cut the rates on selected two and five years fixed rate mortgages – with and without fees – to ensure we continue to offer outstanding customer value across our market-leading range of mortgage products.”

- Ends -

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Further to the base rate cut announced by the Bank of England earlier this month, first direct has the following interest rate changes to its savings accounts and mortgages. All new rates take effect from Tuesday 5th August 2003. Savings accounts Everyday Savings Account1 Balances Previous Interest Rate (AER) New Interest Rate (AER) £1...


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