A highly competitive variable-rate mortgage has been launched by first direct, available to purchase borrowers.
This mortgage offers a rate of 4.79% for term (BBR + 4.29%), with a maximum loan-to-value of 90%.
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.
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.
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