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First Direct relaunches 85 per cent LTV range for new business

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  • 17/02/2021
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First Direct relaunches 85 per cent LTV range for new business
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. 

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