First direct reduces its 5yr fixed rate repayment mortgage

As of today (Friday 14 May) first direct will reduce its 65% LTV 5 year fixed rate repayment mortgage by a healthy 25 basis points from 4.54% to 4.29%.

Related topics:  Mortgages
Millie Dyson
14th May 2010
Mortgages

In addition to reducing the rate on its 65% LTV option first direct will also be reducing its 75% LTV 5 year fixed repayment mortgages by 30 basis points.

Richard Tolchard, Senior Mortgage Product Manager at first direct commented:

"After the outcome of the General Election, the peace of mind of fixed monthly payments for the next 5 years is still important. We're really pleased to be able to help homeowners fix their payments until after the next General Election by further reducing our 65% LTV option making it best in its class."
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