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first direct cuts rates on two and five year fixed rates

11 Aug 2017

first direct drops rates on award winning mortgage range

first direct has cut rates across its award-winning mortgage range, giving homebuyers an even greater choice of products to suit different financial needs.

The revised five year mortgage range, which is available from today (Friday 11 July 2017), includes:

 

60% LTV Five Year Fixed Rate Standard – 1.64% with £1,450 fee (reduced by 0.05%)

90% LTV Five Year Fixed Rate Standard – 2.69% with £1,450 fee (reduced by 0.05%)

 

60% LTV Five Year Fixed Rate Fee Saver – 1.84% fee saver* (reduced by 0.10%)

75% LTV Five Year Fixed Rate Fee Saver – 2.04% fee saver* (reduced by 0.10%)

80% LTV Five Year Fixed Rate Fee Saver – 2.19% fee saver* (reduced by 0.10%)

85% LTV Five Year Fixed Rate Fee Saver – 2.34% fee saver* (reduced by 0.10%)

 

For borrowers looking to fix rates over a shorter period, first direct has also cut the following two year rate:

80% LTV Two Year Fixed Fee Saver – 1.69% fee saver* (reduced by 0.05%)

Nick Harrison, Head of Products at first direct , said: “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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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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