first direct has made some significant reductions to its range of fixed rate mortgages, with its 10-year deal securing a cut of 0.60% to earn it the highest Moneyfacts rating and a market-leading chart position.
This deal is now priced at a highly competitive 2.89% – the lowest rate in its sector – fixed for 10 years. It's available at a loan-to-value of 65% and comes with a fee of £950 per £400,000 borrowed, which is still a very reasonable offering for the long-term sector.
The mortgage is available to both house purchase and remortgage customers with the necessary deposit. As well as offering a competitive fee/rate combination, it also comes with the incentive of free legal fees for remortgagors, it allows overpayments and is portable for added flexibility.
This fantastic rate cut means first direct's 10-year mortgage easily becomes a Moneyfacts best buy, offering a highly competitive choice for borrowers who want the security of knowing their repayments won't change for a whole decade.
Moneyfacts rating: Outstanding
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