First direct launches lowest 3 year mortgage - Mortgages - News |

News News brings you the latest financial & economic news & reviews of the best products in the UK by our team of money experts.

First direct launches lowest 3 year mortgage

First direct launches lowest 3 year mortgage

Category: Mortgages

Updated: 03/09/2012
First Published: 03/09/2012

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 It is now over 6 months old so the content may be out of date.

First direct has launched a highly competitive fixed rate mortgage charging 2.74% for three years.

The basics…

The product requires a deposit of 35% of the property's value and borrowers will be charged a £1,499 fee per £400,000 borrowed.

The finer details….

The incentive package includes an offset option and for those remortgaging, free legal fees.

Why we like it…

This is the lowest rate available at this term for a 65% loan-to-value (LTV) mortgage, which sees it being awarded four out of five Moneyfacts stars.

What next?

Compare ten of the best 3 Year Fixed Rate Mortgages - Our team of independent experts have compared ten Best Buy 3 year mortgages for you.

However, if you can't find a product that's right for you don't worry – you can use our quick and easy mortgage search to access a more comprehensive list of mortgages.

Money Saving Tip: Improve your chances of getting a mortgage

Mortgage Guide: How does a fixed rate mortgage work?

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 Any products featured may be withdrawn by their provider or changed at any time.