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First Direct lowers rates by 0.10% on selected deals


First Direct has cut rates across its two- and five-year deals by up to 0.10 per cent.

The lender has made 0.10 per cent cuts on the following five-year fixed rate fee saver loans:

  • 60 per cent LTV, now 1.84 per cent
  • 75 per cent LTV, now 2.04 per cent
  • 80 per cent LTV, now 2.19 per cent
  • 85 per cent LTV, now 2.34 per cent

First Direct has made 0.05 per cent reductions on its five-year fixed rate standard loans at 60 and 90 per cent LTV, now 1.64 per cent and 2.69 per cent.

Both have a £1,450 fee.

The lender has also cut its 80 per cent LTV two-year fixed fee saver by 0.05 per cent to 1.69 per cent.

First Direct head of products Nick Harrison says: “We’ve cut the rates on selected two and five years fixed rate mortgages – with and without fees – to ensure we continue to offer outstanding customer value across our market-leading range of mortgage products.”



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