The new rates are as follows:
- 2 yr fixed 60% LTV – rate reduced to 3.09% (from 3.84%). Fee reduced to £495 (£195 booking fee included) APR – 4.0%
- 2 yr fixed 75% LTV – rate reduced to 3.59% (from 4.04%). Fee reduced to £495 (£195 booking fee included) APR – 4.0%
- 2 yr fixed 80% LTV – rate reduced to 3.69% (from 4.30%). Fee reduced to £495 (£195 booking fee included) APR – 4.1%
- 5 yr fixed 60% LTV – rate reduced to 3.79% (from 4.54%). Fee reduced to £495 (£195 booking fee included) APR – 4.0%
- 5 yr fixed 75% LTV – rate reduced to 4.19% (from 4.64%). Fee reduced to £495 (£195 booking fee included) APR – 4.2%
- 5 yr fixed 80% LTV – rate reduced to 4.59% (from 4.94%). Fee reduced to £495 (£195 booking fee included) APR – 4.4%
- 2 yr tracker 60% LTV – rate reduced to 3.14% (from 3.64%). Fee remains £945. APR – 4.0%
These changes are scheduled to go live Friday 12th October 2012.
A spokesperson for ING Direct said:
"We enjoyed a good start to 2012 and built up a strong pipeline of business that we have now processed. Therefore, we feel the time is right to generate additional demand for ING Direct mortgages by improving the competitiveness of our pricing.”
