Product category:
Mortgages / Housing
News Release from: first direct | Subject: Mortgages
Edited by the Insidemoneytalk Editorial
Team on 17 September 2007
first direct reduces 10-year fixed rate
offset Mortgage to 6.25%
first direct has reduced the interest rate of its highly competitive 10-year fixed rate offset Mortgage from 6.49% (6.9% APR) to 6.25% (6.6% APR).
The direct bank has also reduced the booking fee from £495 to £99 and removed the arrangement fee of £299 The rate is available from today, Friday 14 September and reverts to a very competitive SVR, currently 6.75%, after the fixed rate period
This article was originally published on Insidemoneytalk on 5 Sep 2007 at 8.00am (UK)
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first direct launches two new highly competitive two-year fixed rate offset mortgages
first direct has launched two highly competitive two-year fixed rate offset mortgages priced at 5.59% (6.9% APR) and 5.99% (6.9% APR).
first direct launches two new market leading two-year fixed rate offset mortgages at 5.49% and 5.99%
first direct has launched two market leading two-year fixed rate offset mortgages priced at 5.49% (6.9% APR) and 5.99% (6.8% APR).
Over 10% of first direct's customers now have offset mortgages choosing to make use of the financial benefits of linking day-to-day savings to their current account balances and mortgage.
Chris Pilling, first direct's chief executive said: "We're finding that our customers are wanting to fix their mortgages repayments at the moment, and this new rate on our already competitive 10-year fixed rate offset offers long term security in an uncertain market." The first direct fixed rate offset Mortgage give borrowers: highly competitive rate of 6.25% (6.6% APR) ?99 booking fee and no arrangement availability to move their mortgage to a new property during the fixed rate for free, as many times as they like reversion to an extremely competitive standard variable rate (SVR) -currently 6.75% - at the end of the fixed rate term maximum LTV is 80% minimum loan size is £15,000, no maximum loan the flexibility to make unlimited overpayments in either lump sums or regular payments no tie in to the SVR at the end of the term.
Borrowers are free to opt for another fixed rate current exit fee £149 For further information please contact Amanda Brown on 0113 2766700 or email amanda.brown@firstdirect.com.
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