first direct launch 5-star mortgage - Mortgages - News - Moneyfacts


first direct launch 5-star mortgage

first direct launch 5-star mortgage

Category: Mortgages

Updated: 21/12/2012
First Published: 21/12/2012

This article was correct at the time of publication. It is now over 6 months old so the content may be out of date.

A highly competitive variable-rate mortgage has been launched by first direct, available to purchase borrowers.

The basics…

This mortgage offers a rate of 4.79% for term (BBR + 4.29%), with a maximum loan-to-value of 90%.

The finer details….

Customers can borrow between £10,000 and £399,999. This deal's appeal is bolstered by having no arrangement fee and the incentive of a free valuation fee.

Customers must open or have an existing first direct current account to be eligible for this mortgage.

Overpayments can be made either by a lump sum or regular payments.

Why we like it….

Customers with small deposits should find this mortgage particularly attractive, owing to its market leading rate and absence of arrangement fee. Five out of five Moneyfacts stars have been awarded.

What next?

Find the best mortgage rates with whole of market mortgage finder.

Compare the best variable rate mortgages

Disclaimer: Information is correct as of the date of publication (shown at the top of this article). Any products featured may be withdrawn by their provider or changed at any time.

Related Articles

Halloween horrors that put people off a home

Halloween is just around the corner, and many people will be getting their homes ready for a night of spooky fun. However, if you’re trying to sell your home, there are some real-life horrors that could put people off…

Londoners could be saving for a century to buy

We all know how expensive property can be in London and how tricky it is to get on the ladder, but the figures could still come as a shock, with a study finding it could take more than a century for the typical Londoner to save a deposit.

85% of remortgagors benefit from lower rates

Mortgage rates are among the lowest ever recorded, and in the case of fixed rates, they just keep falling! This means it’s never been cheaper to fix your mortgage rate for the long term, and unsurprisingly, remortgagors are taking advantage.