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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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