New first direct two-year fixed-rate offset mortgage available
www.moneynews.co.uk > Mortgages > New first direct two-year fixed-rate offset mortgage available
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Money News |
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New first direct two-year fixed-rate offset mortgage available
Mon 18th Sep 2006
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The first direct two-year fixed-rate offset mortgage has a rate fixed at 4.99 per cent while the mortgage rate on the similar ten-year deal is 5.19 per cent.
Both these will revert to the mortgage lender standard variable rate.
Up to 80 per cent loan to value is available on both the first direct two-year fixed-rate offset mortgage and the ten-year deal.
Chris Pilling, chief executive of first direct, says these offerings are unique to the current market.
"Not only are they very competitive, but customers can move as many times as they like at no extra charge, overpay, underpay and redraw funds, without further approval, at a moment's notice," he explained.
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