first direct Lab
Skip menus

first direct halves mortgage fees

11 Sep 2017

first direct has cut the fees across its entire mortgage range until further notice

first direct has cut both the booking and arrangement fees across its award-winning mortgage range, giving homebuyers an even greater choice of products to suit different financial needs

Until further notice, these fees have been reduced from £1,450 to just £725 – effectively halving them.

Nick Harrison, Head of Products at first direct , said: “We always aim to offer outstanding customer value, and customers have told us they’d prefer fee free or lower upfront fees with their mortgage so we’re acting on this. There’ll be some rate changes to accommodate this, but it will help provide an even more attractive proposition to customers looking to remortgage or purchase their first home.”

“For us, amazing customer service runs through everything we do, including ensuring our mortgage advisers are available seven days a week so that we can fit in with our customers’ lives.”

The revised fee paying mortgage range, which is available from today (Monday 11 September 2017), includes:

  • 60% LTV Two Year Fixed Rate with £725 fee – 1.24% (increased by 0.10%)

  • 60% LTV Five Year Fixed Rate with £725 fee – 1.74% (increased by 0.10%)

  • 75% LTV Two Year Fixed Rate with £725 fee – 1.34% (increased by 0.15%)

  • 75% LTV Five Year Fixed Rate with £725 fee – 1.89% (increased by 0.05%)

  • 80% LTV Five Year Fixed Rate with £725 fee – 1.44% (increased by 0.20%)

  • 85% LTV Five Year Fixed Rate with £725 fee – 1.49% (increased by 0.15%)

  • 90% LTV Five Year Fixed Rate with £725 fee – 2.09% (increased by 0.20%) 

The revised fee free mortgage range, which is also available from today), includes:

  • 60% LTV Two Year Fixed Rate Fee Saver* – 1.49% (reduced by 0.10%)

  • 75% LTV Two Year Fixed Rate Fee Saver* – 1.59% (reduced by 0.10%)

  • 75% LTV Five Year Fixed Rate Fee Saver* – 1.99% (reduced by 0.05%)

  • 85% LTV Two Year Fixed Rate Fee Saver* – 1.74% (reduced by 0.05%)

 Ends

Share this (opens in a new window)

You may also be interested in …

In these times of economic uncertainty, rising inflation and seemingly ever increasing fuel prices first direct argues that an offset mortgage is a useful tool for homeowners to make the most of their money. Here we flag five ways to make a first direct offset work for you 1.


Share this (opens in a new window)

UK mortgage borrowers could be earning the equivalent of up to 10.02 per cent on their savings, but instead are needlessly giving more than £546 million1 to the taxman, according to research from first direct, the UK's most recommended bank. The reason is that most are missing out on an offset mortgage...


Share this (opens in a new window)