First Direct is making the commitment to a longer-term mortgage product even more appealing with its newly-launched 2.89 per cent 10-year fix.
The offer is market-leading in the 65 per sent loan-to-value range.
After a fresh round of rate cuts, First Direct is now offering also market-leading three- and five-year fixed mortgages in the 65 per cent LTV range.
The provider of telephone, online and mobile banking services also has the best two-year fix in the 85 per cent LTV range, allowing borrowers to choose the term that suits them best.
Customers will also have the flexibility to make unlimited overpayments or lump sum payments during the fixed rate period without any penalties. Where the mortgage is repaid in full an early repayment charge is payable of 3% in the year the rate was fixed, and 2% for the remainder of the fixed rate term.
Features of the new offers include:
|
Term |
LTV |
Fixed rate |
Fee |
|
10 years |
65% |
2.89% |
£950 |
|
5 years |
65% |
2.28% |
£1,450 |
|
3 years |
65% |
1.89% |
£1,450 |
|
2 years |
65% |
2.49% |
£950 |
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