New first direct fixed-rate mortgage launched
www.moneynews.co.uk > Mortgages > New first direct fixed-rate mortgage launched
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Money News |
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New first direct fixed-rate mortgage launched
Tue 12th Jul 2005
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The mortgage lender is offering borrowers a rate of 4.89 per cent over three years.
Borrowers will have the option to offset savings and current account balances against their mortgage payments as part of the deal, first direct said.
The bank added that consumers would also enjoy monthly repayment security and the flexibility to make unlimited overpayments and underpayments.
"Our low fixed rate offers monthly repayment security at a great price," said Richard Kimber, first direct's chief executive.
"The sums get even better when you take into account the ability to offset."
Mr Kimber added that first direct delivered "long-term value" for borrowers.
Last week the independent publisher of personal finance data, Moneyfacts, acknowledged first direct as one of the best value mortgage lenders based on their standard variable rate
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