Other 2-year fixes stand at 1.29% to 75% loan-to-value and 1.48% to 80% LTV with a £1,450 fee, although the lender is also offering fee free rates at 1.74% to 60% LTV, 1.89% to 75% LTV and 1.95% to 80% LTV.
first direct has cut fixed rate mortgages by up to 0.51% – with 2-year fixes starting from 1.24% with a £1,450 fee.
Other 2-year fixes stand at 1.29% to 75% loan-to-value and 1.48% to 80% LTV with a £1,450 fee, although the lender is also offering fee free rates at 1.74% to 60% LTV, 1.89% to 75% LTV and 1.95% to 80% LTV.
The lender’s 5-year fixes stand at 1.99% to 60% LTV, 2.09% to 75% LTV and 2.29% to 80% LTV with a £1,450 fee, while fee free rates stand at 2.08% to 60% LTV, 2.18% to 75% LTV and 2.38% to 80% LTV.
first direct’s offset 2-year mortgages stand at 1.44% to 60% LTV and 1.49% to 75% LTV with a £1,450 fee, or 1.99% to 60% LTV and 2.09% to 75% with no fee.
Tracy Garrad, chief executive, said: “first direct continues to offer an outstanding range of mortgages with a wide choice of competitive products to suit different needs.
“For those looking for certainty of repayments we’ve cut the rates on our range of two and five year fixed rate mortgages – with and without fees.”
