View more on these topics

First Direct cuts fixes by up to 0.30%

Home-Houses-Different-Mortgage-Rent-700.jpg

First Direct has cut rates by up to 0.30 per cent across its two-and five-year fixed rate mortgage range.

The lender’s two-year fixed range includes the following products:

  • 60 per cent LTV – cut by 0.10 per cent to 1.89 per cent fee saver
  • 75 per cent LTV – cut by 0.10 per cent to 1.99 per cent
  • 90 per cent LTV – cut by 0.10 per cent to 2.79 per cent

All the two-year fixes above are ‘fee savers’ with no booking fee, no arrangement fee and no standard valuation fee.

Additionally, First Direct will cover the cost of one standard valuation where the lender requires it for the mortgage application. Other fees and charges may apply.

First Direct’s five-year fixed rate range has seen the following cuts:

  • 60 per cent LTV – cut by 0.10 per cent to 2.14 per cent with £1450 fee
  • 60 per cent LTV fee saver cut by 0.10 per cent to 2.69 per cent
  • 85 per cent LTV – cut by 0.16 per cent to 2.63 per cent with £1450 fee
  • 90 per cent LTV fee saver – cut by 0.30 per cent to 3.29 per cent

First Direct chief executive Tracy Garrad says: “We try to be responsive to the needs of borrowers and have cut rates and widened our range of two and five years fixed rate mortgages – with and without fees – which can offer more certainty in uncertain times.”

The fee cuts took place today.

Recommended

UK-Currency-Money-Pound-GBP-700x450.jpg

Coventry for Intermediaries launches 50% LTV range

Coventry for intermediaries has launched a 50 per cent LTV range across its residential and offset portfolios. The residential 50 per cent range includes a 2.09 per cent five-year fixed with early repayment charges payable to September 2021 and a £999 arrangement fee. The offset range includes a 2.19 per cent five-year fixed with the […]

Barclays-HSBC-Canary-Wharf-London-700.jpg

Singapore bank suspends loans on London homes

The third-largest bank in Southeast Asia has suspended loans on London properties following the Brexit vote. Singaporean lender United Overseas Bank said it would temporarily halt loans for properties in the capital as a result of in uncertainty caused by the UK vote to leave the European Union, according to Bloomberg. In an email, a spokesperson […]

Estate-Agent-To-Let-Buy-Sign-700.jpg

Kent Reliance launches new B2L range

Kent Reliance has launched a 65 per cent LTV buy-to-let range. The lender, part of OneSavings Bank Group, says the range comprises two-year fixed rates two-year discount products up to loan sizes of £3m. The new range is also available for borrowers wanting to purchase or raise funds for HMOs and student lets. OneSavings Bank […]

Ray-Boulger-700.jpg

‘Fixed rates could get cheaper post-Brexit,’ says Boulger

Fixed rate mortgages could fall further still following the UK’s vote to leave the EU, according to John Charcol senior technical manager Ray Boulger. The past week has seen HSBC launch a two-year fixed rate at just 0.99 per cent, albeit with a £1,495 fee. Boulger says: “The price of government stock will rise, hence […]

Newsletter

News and expert analysis straight to your inbox

Sign up