First Direct cuts rates and fees

The bank is also simplifying its mortgage range by having one £99 fee for all products making them stand out as best buys and help customers choose the right offer for them including the offset base rate tracker mortgage with a current rate of 2.29 per cent and arrangement fee of just £99.
Richard Tolchard, senior mortgage product manager at First Direct commented: "We sometimes feel like David in a market full of Goliaths. Our Summer Sale mortgage offers are designed to take the value for money challenge to the the big boys.
We understand money is getting tighter for many homeowners and our newly improved range with its nominal £99 product fee makes it easier for customers to switch to make their money go further. Couple that with our excellent customer service and the fact that we're best buy and there really is no reason to delay."