Mortgage Provider, first direct, has introduced a best buy 65 per cent LTV (loan to value) 1.99 per cent 2 year fixed rate offset mortgage with £1,499 booking fee.
In addition, the direct bank will also reduce the rates on the majority of its mortgages by 0.2 per cent allowing borrowers with 25-35 per cent deposit or equity to take advantage of these lower rates, which are offered with and without fees.
All existing offset mortgage rates will reduce by 0.2 per cent no matter what LTV or term.
The deals are the following:
2 year Fixed Rate Repayment Mortgage | 65%LTV | 1.99% | £499 fee
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3 Year Fixed Rate Repayment Mortgage | 65% LTV | 2.29% | £499 fee
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Repayment Tracker Mortgage | 65% LTV | 2.29% | £499 fee
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Base Rate Tracker Offset Mortgage | 65% LTV | 2.79% | £499 fee
first direct will also continue to offer best buy mortgages at 90 per cent LTV for those with smaller deposits or equity:
3.5 per cent 2 year fixed rate with £1,499 fee
3.99 per cent life tracker rate with £1,499 fee
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