5-star tracker rate unveiled by first direct | Product News - Moneyfacts

Product News

5-star tracker rate unveiled by first direct

5-star tracker rate unveiled by first direct

Category: Mortgages
Date: 10/05/2013

MONEYFACTS ARCHIVE
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 It is now over 6 months old so the content may be out of date.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 rate cut of 0.60% has pushed the first direct variable tracker deal to the top of the 90% loan-to-value (LTV) market.

The basics…

This product offers a rate of 4.19% variable for term (BBR + 3.69%) to borrowers with deposits of 10% and over.

The finer details….

Purchase and remortgage customers can borrow between £10,000 and £399,999.

Remortgage applicants are offered free legal fees, whilst all borrowers are offered the flexibility to make overpayments.

This mortgage is only available to customers who open or hold an existing first direct current account.

Why we like it….

As well as offering the lowest rate in the 90% LTV variable for term market, this deal also benefits from having no arrangement fee. Five out of five Moneyfacts Stars have been awarded.

What next?

Compare variable and tracker rate mortgages
Compare discounted rate mortgages
Mortgage repayment calculator

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 Any products featured may be withdrawn by their provider or changed at any time.

 

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 Any products featured may be withdrawn by their provider or changed at any time.

 
Close