First Direct launches 2.19% five-year fix

First Direct has cut rates on a number of fixed rate residential mortgages, including its five-year fixed rate range.

Related topics:  Mortgages
Rozi Jones
30th October 2015
calculator rates mortgage house

New products include two year fixed rates at 1.24% up to 60% LTV and 1.39% at 75% LTV, both with a £1450 fee.

Five year fixes now start from 2.19% at 60% LTV and 2.48% at 75% LTV.

First Direct is also offering a 1.74% tracker at 60% LTV – 0.25% down from the previous rate of 1.99%.

Tracy Garrad, CEO of First Direct, commented:

“We know that people have different priorities when it comes to selecting a mortgage product and it is important that our range is tailored to the needs of our customers. The latest rate changes mean that we can offer a wider range of market-leading rates - with and without fees - to suit all borrowers, regardless of their financial position.”

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