Mortgage News
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.
What mortgage and protection advisers should take from the FCA’s AI stance
Sponsored by Sesame Bankhall Group
“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.”