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360,000 FTBs who bought in 2007 need to borrow an additional £56,000 This is in addition to £6,500 cash shortfall for the deposit and moving costs                        First time buyers (FTBs) who bought a property in 2007 face a gap of £62,281 when trying to move to the second rung on the housing ladder according to research from...


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It's the time of year again when parents are preparing their children to fly the nest and head to University. Following this year's substantial rise in tuition fees, first direct suggests a way to reduce the cost of sending a child to University by using its offset mortgage.


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first direct has cut the rates on all of its standard and fee free mortgage range.  The changes include cutting rates on all 5 Year Fixed Rate Repayment mortgages by 0.50%, and lowering rates on some Limited Edition mortgages.


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Britons switched off to current account change  Nearly nine in ten Brits (87%) are unaware or confused about the changes being brought in to improve current account services and make it easier for them to switch¹, according to first direct.


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Despite recent research showing that overpaying on a mortgage offers better longer term rewards than saving, twice as many mortgage holders save regularly rather than pay down their debt according to new research from online bank first direct.  A survey of 1022 UK mortgage holders1 found that 42% are saving regularly...


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Overpaying your mortgage could make you £42K better off over 25 years  New research by leading offset mortgage provider first direct reveals that UK homeowners could be £41,665 better off over the term of a typical 25 year mortgage by paying an extra £300 a month on their loan instead of saving it separately.


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first direct has cut rates on over a third* of its mortgage product range, including reducing the rate on its 85% LTV 5 year Fixed rate Limited Edition Fee Free Repayment mortgage by a full 0.5% to 4.49%.  As a result at least 3 can be found in the best buy tables this weekend**: 65% LTV 2 year Limited Edition Offset Tracker...


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New research from first direct shows the increasingly difficult task house buyers face in affording a house and a deposit, with rises in the cost of these far outstripping rises in income.


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Office of National Statistic (ONS) data released on Tuesday showed that fees from financial services added to CPI (consumer Price Index) inflation in July 2011, increasing 1.1% between June and July.  Mortgage fees have been highlighted as the culprit.  However mortgage fees are often used by lenders to manage down a mortgage rate...


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first direct has changed the structure of its mortgage offering to make it easier for customers to decide which mortgage is best for them, whilst accommodating the needs of those who prefer not to pay up-front costs.  There are three categories 'Standard', 'Fee Free' and 'Limited Edition'.


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