Two year fixed rates with a £1,450 fee now start from 1.18% at 60% LTV. Also available is an 80% LTV at 1.39%, 85% LTV at 1.44%, and a 90% LTV which has seen a reduction of 30bps to 1.89%.
Fee saver two-year fixes are now available from 1.99% at 80% LTV, rising to 2.49% at 90% LTV.
Five-year fixed rates start at 2.09% to 80% LTV, 2.24% at 85% LTV and 2.74% at 90% LTV, all with a £1,450 fee.
Fee-free rates have been reduced to 2.39% at 80% LTV and 3.19% at 90% LTV.
Tracy Garrad, CEO of First Direct, commented: “We’ve cut the rates on selected two and five years fixed rate mortgages – with and without fees – to ensure we continue to offer outstanding customer value across our market-leading range of mortgage products.”
