"We’ve cut the rates on selected two and five year fixed-rate mortgages to ensure we continue to offer outstanding customer value"
The revised mortgage range, which is available from today, includes two-year fixed rates from 1.18% up to 60% LTV and 1.74% at 75% LTV.
A 60% LTV two-year fixed fee saver is available at 1.64%, meaning borrowers pay no booking fee, arrangement fee or standard valuation fee.
First Direct will also cover the cost of one standard valuation where this is required by first direct as part of the mortgage application.
First Direct's five-year fixed rates have been cut by 0.15% and include a 60% LTV at 1.84% and an 80% LTV at 2.14%.
Tracy Garrad, Chief Executive of First Direct, commented: “We’ve cut the rates on selected two and five year fixed-rate mortgages to ensure we continue to offer outstanding customer value across our award-winning range of mortgage products.”
