The direct bank is also simplifying its mortgage range by having one very low £99 fee for all products. This includes the Offset Base Rate Tracker mortgage with a current rate of 2.29% and arrangement fee of £99.
Richard Tolchard, senior mortgage product manager at first direct commented: "We sometimes feel like David in a market full of Goliaths. Our Summer Sale mortgage offers are designed to take the value for money challenge to the big boys.
“We understand money is getting tighter for many homeowners and our newly improved range with it's nominal £99 product fee makes it easier for customers to switch to make their money go further. Couple that with our excellent customer service… and there really is no reason to delay."
