First direct makes rate cuts

First direct makes rate cuts

First direct has reduced rates on all of its standard and fee free mortgage range.

The changes include the reduction of rates on all five-year fixed rate repayment mortgages by 0.50 percentage points, and the cutting rates on certain limited edition mortgages.

New rates include the following:

  • 90% LTV 4.29% two-year fixed rate repayment limited edition – £999 fee
  • 65% LTV 3.19% two-year tracker offset – £499 fee
  • 65% LTV 2.64% two-year fixed rate repayment limited edition – £,1999 fee
  • 65% LTV 2.79% tracker repayment limited edition – £999 fee

Ian Bartholomew, senior mortgage product manager at first direct, said: “First direct is renowned for providing market-leading customer service and we’re happy to help borrowers looking for a better deal by cutting our mortgage rates at a time when other household bills are rising.”