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first direct introduces 1.99% 2 year fixed rate offset mortgage

20 Dec 2013

On Friday 20 December first direct , a Which? Recommended Mortgage Provider, will introduce a best buy 65% LTV 1.99% 2 year fixed rate offset mortgage with £1,499 booking fee.  

In addition, the direct bank will also reduce the rates on the majority of its mortgages by 0.2% allowing borrowers with 25-35% deposit or equity to take advantage of these lower rates, which are offered with and without fees.  All existing offset mortgage rates will reduce by 0.2% no matter what LTV or term. 

Mortgage

LTV

Rate

Fee

2 year Fixed Rate Repayment Mortgage

65%

1.99%

£499

3 Year Fixed Rate Repayment Mortgage

65%

2.29%

£499

Repayment Tracker Mortgage

65%

2.29%

£499

Base Rate Tracker Offset Mortgage

65%

2.79%

£499

first direct will also continue to offer best buy mortgages at 90% LTV for those with smaller deposits or equity: 

  • 3.59% 2 year fixed rate with £1,499 fee
  • 3.99% life tracker rate with £1,499 fee  

-Ends-

For further information please contact Rebecca Hirst on 0113 276 6899, rebecca.hirst@firstdirect.com or Amanda Brown on 0113 276 6700, amanda.brown@firstdirect.com 

Notes to Editors

Please find current and previous rate sheets attached.

For the latest updates, visit the first direct Newsroom or follow us onTwitter.

first direct facts

  • Winner of the Which? Best Financial Provider and Moneywise Most Trusted Financial Provider awards 3 years running
  • Top financial institution in the Which? Customer Satisfaction Survey with an all-time high of 93%
  • Ranked first in the Retail Banking Satisfaction Study by J D Power & Associates for two years running
  • Received 90% customer satisfaction in a survey carried out by  MoneySavingExpert.com

first direct provides both telephone banking and online banking services to its 1.2m customers.  It offers a full range of personal banking products including its award winning Current Account and offset mortgages.

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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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