Its 2-year fixes now stand at 1.39% to 75% LTV and 1.24% to 60% LTV, both with a £1450 fee.
The bank’s 75% LTV 5-year fix stands at 2.48% with a £1,450 fee, while to 60% LTV rates have been cut to 2.19% with a £1,450 fee and 2.49% with no fee
first direct’s 60% LTV tracker mortgage has also been cut from 1.99% to 1.74%.
Tracy Garrad, chief executive of first direct, said: “We know that people have different priorities when it comes to selecting a mortgage product and it is important that our range is tailored to the needs of our customers.
“The latest rate changes mean that we can offer a wider range of market-leading rates - with and without fees - to suit all borrowers, regardless of their financial position.”
