First Direct make fixed-term mortgage rate reductions.
If you are currently seeking a fixed rate mortgage of either 2, 5 or 10 years’ duration, one of First Direct’s products could be an affordable option.
The lender has recently made reductions to the mortgage rates it previously charged for its fixed-term ranges. The products affected include the options for up to 60% LTV and for 90% LTV.
Some highlights are:
- 2 year fix at 1.99% for 90% LTV, plus fee
- 2 year fix at 2.24% for 90% LTV, fee free
- 5 year fix at 1.79% for 60% LTV, plus fee
- 5 year fix at 1.94 for 60% LTV, fee free
- 10 year fix at 2.49 for 60% LTV
As longer term and higher LTV mortgages are proving to be a popular choice at the moment, a number of lenders are also adjusting their offering to meet customer demand.
This is great news for you if you are looking for a longer-term fixed rate mortgage as it means deals will be more competitively priced. This gives you not only the option of securing your financial position for a longer period but securing it at a more favourable rate than previously available.
Our advisers at Deal Direct are ready to take your call right now and answer any questions you may have about mortgage options that are currently available.
After completing a review of your situation, we’ll compare the whole of the market for you to find the most appropriate mortgage solution for you.