Borrowers with 25-35% deposit or equity will be able to take advantage of these lower rates, which are offered with and without fees.
In addition to reducing its rates, the internet and telephone bank also offers a fee free option across their mortgage range to help borrowers keep their upfront costs down.
first direct fee free repayment mortgages
- 2 Year Fixed 65% LTV - 2.49%
- 2 Year Fixed 75% LTV - 2.79%
- 2 Year Fixed 85% LTV - 3.49%
- 2 Year Fixed 90% LTV - 4.19%
- 3 Year Fixed 65% LTV - 2.79%
- 3 Year Fixed 75% LTV - 3.09%
- 5 Year Fixed 65% LTV - 3.19%
- 5 Year Fixed 75% LTV - 3.49%
- 5 Year Fixed 85% LTV - 3.79%
- 5 Year Fixed 90% LTV - 4.49%
- Life Tracker 65% LTV - 2.79%
- Life Tracker 75% LTV - 2.99%
- Life Tracker 85% LTV - 3.49%
- Life Tracker 90% LTV - 4.19%
first direct fee free Offset mortgages
- 2 Year Fixed 65% LTV - 2.99%
- 2 Year Fixed 75% LTV - 3.29%
- 3 Year Fixed 65% LTV - 3.29%
- 3 Year Fixed 75% LTV - 3.59%
- Life Tracker 65% LTV - 3.29%
- Life Tracker 75% LTV - 3.69%
- 2 Year Tracker 65% LTV - 3.09%
- 2 Year Tracker 75% LTV - 3.49%
Andy Forbes, Head of Retail Products at first direct, commented:
"Despite Funding for Lending making the mortgage market more competitive and the recent uplift in the housing market we haven't seen as many people as we expected taking the plunge and moving mortgages.
"We want to make it easy for customers to get a great mortgage deal, removing the barrier of paying a fee. So now, whether you have a high or low LTV, want a Tracker or Fixed rate, Offset or Repayment, there is a first direct fee free mortgage with a great rate that fits."
