In addition, the direct bank will also reduce the rates on the majority of its mortgages by 0.2% allowing borrowers with 25-35% deposit or equity to take advantage of these lower rates, which are offered with and without fees. All existing offset mortgage rates will reduce by 0.2% no matter what LTV or term.
first direct will also continue to offer best buy mortgages at 90% LTV for those with smaller deposits or equity:
- 3.59% 2 year fixed rate with £1,499 fee
- 3.99% life tracker rate with £1,499 fee
