Borrowers with a 35% deposit or equity will be able to take advantage of this rate fixed for 5 years. The rate has a £1,999 booking fee, and is one of the lowest in the market for a five year fixed deal.
Rachel Springall at Moneyfacts commented:
"The new five year fixed deal launched by first direct has a market leading rate of 2.69%, which is great to see for longer term deals.
"In addition, first direct was also given the Best Customer Service Award in the recent Consumer Moneyfacts Awards 2013, voted for by the consumer, showing it's a trusted brand."
Andy Forbes, Head of Retail Products at first direct commented:
"Over the last month we have seen borrower appetites increase for longer term fixed rate mortgage deals. In response to this demand we have reviewed our offers to ensure that we continue to give our customers access to the most competitive rates available."
first direct also has a range of shorter term fixed rates and tracker deals available:
- 65% LTV 2.19% 2 Year Fixed rate with a £1,999 fee
- 65% LTV 2.49% 2 Year Fixed rate with a £999 fee
- 65% LTV 2.38% Life Tracker with a £1,699 fee
- 65% LTV 2.54% Life Tracker with a £999 fee
