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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.”

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Today first direct have expanded their mortgage range and launched a new 5 year fixed rate repayment mortgage.  The mortgage will be available with a 65%, 75% and 85% Loan to Value (LTV).


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first direct, the UK's most recommended bank, has been named best direct mortgage lender for 2005 by What Mortgage? Magazine for the fifth year running. What Mortgage? has also named first direct the UK's second best value mortgage lender, ahead of every other bank, building society and broker in the country except the Stafford Railway Building Society.


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