Direct Line launches new fixed rate mortgages

The most popular deal is the two-year Fixed, which has been re-launched at a highly competitive rate of 4.49 per cent.

And, every new Direct Line mortgage customer is entitled to an additional 20 per cent off their house insurance for two years and will also receive two years free home emergency cover.

The incentives also apply to the three-year Fixed Mortgage, which is now set at 4.84 per cent and its five-year Fixed which is positioned at 4.89 per cent.

David Dyer, Direct Line Mortgages Commercial Director, said: “These rates offer excellent value for money for customers who want fixed or variable deals but on top of that, they get even better value if they take up the home insurance discount and free home emergency cover.

“Customers are pleasantly surprised that they only need to take the insurance if it suits them.”

Around 50 per cent of UK mortgage customers choose a fixed rate deal, with almost two thirds selecting a two-year fixed rate.

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