First Direct has reduced all of its fixed rate mortgages at 65% and 75% LTV.
This means it has a 1.99% three year fixed rate at 65% LTV with a £1,450 fee and a 2.39% five-year fixed rate, again at 65% LTV with a £1,450 fee.
The lender has also unveiled a range of 10-year fixed rate mortgages. At 65% LTV it is priced at 3.49%, 3.89% at 75% LTV and 4.29% at 85% LTV. All of the above come with a £450 fee.
Borrowers can make unlimited overpayments or lump sum payments throughout any fixed rate period without any penalties.
Where the mortgage is repaid in full an early repayment charge is payable of 3% in the year fixed rate, and 2% for the remainder of the fixed rate term.
Andrew Forbes, head of products at First Direct, said: “As the market continues to see a high demand for fixed rate mortgages, we are seeing more customers seek the certainty of a longer term fixed rate product.
“Our new deals offer the prospect to protect against future rate increases, which will appeal to homebuyers and remortgagers alike.”
