First Direct has re-introduced two and five-year fixed rate and lifetime tracker mortgages at 85 per cent loan to value (LTV).
This includes a two-year fixed fee-saver product with a rate of 2.94 per cent and a £490 fee paying alternative with a rate of 2.74 per cent.
Five-year fixes include the fee-saver option at 3.19 per cent, and the £490 fee paying mortgage set at 2.89 per cent. There is also the fee-free lifetime tracker deal with a rate of 3.19 per cent and the £490 fee option at 2.99 per cent.
The products are available to those purchasing and remortgaging.
Chris Hall, head of mortgages at First Direct, said: “We’re really pleased to be offering 85 per cent LTV mortgages again.
“The effects of the pandemic will be with us for a long time, but with hopes of the lockdown ending we’re now seeing increased demand among homebuyers and remortgagors looking for higher LTV fixed rates.”
Shekina is the deputy editor at Mortgage Solutions and commercial editor at Mortgage Solutions and Specialist Lending Solutions. She has nearly eight years of experience in the B2B publishing market, having previously covered the hospitality, retail, pet, accounting and jewellery sectors.
Shekina has worked for Mortgage Solutions and Specialist Lending Solutions for almost five years. Here, she covers the market’s breaking news stories, engages with professionals in the sector, and oversees any commercially agreed content in partnership with mortgage-related companies.
This includes presenting webinars and hosting roundtable discussions on developing themes in the mortgage sector.
She is an NCTJ-trained journalist and was nominated for the Headline Money Awards Mortgage Journalist of the Year in 2021.
In her spare time, Shekina likes to read, travel, listen to music and socialise with friends.
She currently reports on current events in the mortgage market and liaises with financial clients to produce sponsored content.
Follow her on Twitter at @ShekinaMS
