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first direct drops rates on two and five year fixed rate mortgages

14 Jul 2017

New changes enhance appeal of award-winning mortgage range

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

The revised mortgage range includes:

 

  • 80% LTV Two Year Fixed Rate Standard – 1.24% with £1,450 fee (reduced by 0.10%)

  • 85% LTV Two Year Fixed rate Standard – 1.34% with £1,450 fee (reduced by 0.10%)

     

  • 80% LTV Two Year Fixed Fee Saver – 1.74% fee saver* (reduced by 0.10%)

  • 85% LTV Two Year Fixed Fee Saver – 1.79% fee saver* (reduced by 0.10%)

  • 90% LTV Two Year Fixed Fee Saver – 2.39 % fee saver* (reduced by 0.05%)

     

  • 60% LTV Five Year Fixed Rate Standard – 1.69% with £1,450 fee (reduced by 0.05%)

  • 75% LTV Five Year Fixed Rate Standard – 1.84% with £1,450 fee (reduced by 0.10%)

  • 80% LTV Five Year Fixed Rate Standard – 1.99% with £1,450 fee (reduced by 0.10%)

  • 85% LTV Five Year Fixed Rate Standard – 2.14% with £1,450 fee (reduced by 0.05%)

     

  • 75% LTV Five Year Fixed Fee Saver - 2.14% fee saver* (reduced by 0.05%)

  • 80% LTV Five Year Fixed Fee Saver – 2.29% fee saver* (reduced by 0.05%) 

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

“We’ve cut the rates on our range of two and five year fixed rate mortgages, offering competitive rates on products to customers who want the certainty of a fixed repayment. At first direct , we aim to offer a wide choice of competitive products to suit customers’ needs.”

Ends

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In a recent survey conducted by Which? Money* first direct came out on top for mortgage customer satisfaction with a score of 91 per cent. The consumer champion found that first direct is well above the average customer satisfaction score for mortgage lenders which increased this year to 62 per cent from 58 per cent last year.


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