"For those looking for certainty of repayments we’ve cut the rates on our range of two and five year fixed rate mortgages – with and without fees."
Two-year fixed rates are now available from 1.24% at 60% LTV, 1.29% at 75% LTV, and 1.48% at 80% LTV.
Two-year fixed offset rates have been cut by 0.50% and are available from 1.44%.
Five-year fixes now start from 1.99% at 60% LTV and 2.09% at 75% LTV.
First Direct's 80% LTV five-year fix has seen the biggest rate cut of 0.51%, available at 2.38% fee-free.
For borrowers looking to fix rates over a longer period, first direct has also cut a number of five-year fixed rates, including:
Tracy Garrad, CEO of First Direct, said: "First Direct continues to offer an outstanding range of mortgages with a wide choice of competitive products to suit different needs. For those looking for certainty of repayments we’ve cut the rates on our range of two and five year fixed rate mortgages – with and without fees.”
