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First Direct offers 1.24% fixed rate

by: Mortgage Solutions
  • 30/10/2015
  • 0
First Direct offers 1.24% fixed rate
Telephone and online-only lender First Direct, part of HSBC, has cut pricing across its fixed and tracker mortgage products with rates starting from 1.24% at 60% loan-to-value (LTV) with an arrangement fee of £1,450.

At 75% LTV borrowers can access a two-year fixed rate of 1.39%, previously 1.48%, with a fee of £1,450.

A base rate tracker is available at 1.74% up to 60% LTV, cut from 1.99%.

Tracy Garrad, CEO 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.”

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