first direct cuts fixed mortgage rates

First direct has cut a number of 2 and 5-year fixed rate mortgages.

The lender’s 2-year fixes with a £1,450 fee stand at 1.14% to 60% LTV and 1.19% to 75% LTV.

With no fees 2-year fixes cost 1.59% to 60% LTV, 1.69% to 75% LTV and 1.89% to 85% LTV.

Meanwhile its 5-year fixes with a £1,450 fee now cost 1.74% to 60% LTV and 1.94% to 75% LTV.

Joe Gordon, head of first direct, 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.”

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Written by: Houseladder