"We try to be responsive to the needs of borrowers and have cut rates and widened our range of two and five year fixed rate mortgages which can offer more certainty in uncertain times."
Two year fixed rates now start from 1.89% at 60% LTV. First Direct has also launched a 75% LTV at 1.99% and a 90% LTV at 2.79%.
The rates have no booking fee, arrangement fee or standard valuation fee.
New five year fixes include a 60% LTV at 2.14% with £1450 (or 2.69% fee free) and an 85% LTV at 2.63%
First Direct has also cut its fee free 90% LTV five year fix by 30bps to 3.29%.
Tracy Garrad, CEO of First Direct commented: “We try to be responsive to the needs of borrowers and have cut rates and widened our range of two and five year fixed rate mortgages – with and without fees – which can offer more certainty in uncertain times.”
