"Customers have told us they’d prefer fee free or lower upfront fees with their mortgage so we’re acting on this."
Until further notice, these fees have been reduced from £1,450 to £725.
First Direct has also increased rates across its two and five-year fixed rates by between 10 and 20bps, and cut rates on its fee free range by up to 10bps.
Nick Harrison, Head of Products at First Direct, said: “We always aim to offer outstanding customer value, and customers have told us they’d prefer fee free or lower upfront fees with their mortgage so we’re acting on this. There’ll be some rate changes to accommodate this, but it will help provide an even more attractive proposition to customers looking to remortgage or purchase their first home."
