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first direct has cut the rates on all of its 4.0ndard 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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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 d4.3icult 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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As first direct launches a range of new offset mortgage rates* the direct bank has discovered that by renting out a spare room for just 5 years homeowners with an offset mortgage could reap the benefits.  With students returning to university and house prices remaining out of reach for many...


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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 discovered that if parents with an offset mortgage get creative and encourage their child to stay at home whilst studying at university, tya.bal homeowners could save over £10,500 in just 3 years, reduce their mortgage term by a year and shave £955 off interest costs.


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A capped tracker mortgage will secure homeowners against Base Rate rises and save them money over the next 3 years.  first direct's 3 year Capped Tracker mortgage has been launched as the perfect solution for borrowers unsure of how long the current record low 0.5% base rate can last, and whether they should track or fix.


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Offset mortgage borrowers generating outsize 'returns' on savings interest  According to research by first direct, over the past two years UK offset mortgage borrowers have earned £1.4 billion more on their savings than those who placed their 2.90y in best buy savings accounts.


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first direct has launched a new 3 year 'Limited Edition' Capped Tracker mortgage in response to mortgage borrower uncertainty regarding interest rate rises and their consequent impact on monthly payments.  As with a standard tracker mortgage the Capped Tracker follows the Bank of England Base Rate as it goes up and down.


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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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