Go directly for a low rate - Mortgages - News - Moneyfacts


Go directly for a low rate

Go directly for a low rate

Category: Mortgages

Updated: 02/07/2010
First Published: 02/07/2010

This article was correct at the time of publication. It is now over 6 months old so the content may be out of date.
Potential home buyers with a decent chunk of equity are likely to be tempted by first direct's two year fixed rate mortgage, which has benefitted from a rate cut and an extremely low fee.

Available by approaching the lender direct, the mortgage now offers a rate of 2.99% for two years, a maximum loan-to-value of 65%, and a fee of just £99.

This new deal, on rate alone, is on a par with the current market leader within the market. However, the £99 fee easily trumps its rival, which requires £999.

Four out of five Moneyfacts stars have been awarded.

Find the best mortgage rate - Compare best selling 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 Any products featured may be withdrawn by their provider or changed at any time.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

Goodbye to the Help to Buy Guarantee

On 31 December, phase two of the Help to Buy initiative will be withdrawn from the market. It’s certainly done wonders for the high loan-to-value sector, so we thought we’d take a closer look at the significance of the scheme and the effect it’s had.

Remortgaging bounces back

Remortgaging has been enjoying a welcome boost in recent months, despite September’s slight dip, with many homeowners capitalising on record low mortgage rates to boost their finances.

Bank of Mum and Dad holds the (house) key

The Bank of Mum and Dad is an important source of finance for many young adults, and it seems that they still hold the key – in more ways than one.