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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

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On Friday 23 August first direct, winner of Moneywise Most Trusted Mortgage Provider, reduced the rates on eleven of its Offset and Repayment mortgages by up to 0.2% to provide even better value to customers.  Borrowers with 25-35% deposit or equity are able to take advantage of these lower rates, which are offered with and without fees.


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first direct's two new fee free offset trackers launched today, are the best of their type in the market according to Moneyfacts.  The first, with a 60% Loan to Value (LTV), tracks 2.49% above base rate (currently 2.99%).  The second, a 75% LTV deal, tracks 2.94% above base rate (currently 3.44%).


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