Direct Line Two-Year Fixed-Rate mortgage among new offers
www.moneynews.co.uk > Mortgages > Direct Line Two-Year Fixed-Rate mortgage among new offers
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Direct Line Two-Year Fixed-Rate mortgage among new offers
Thu 20th Apr 2006
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Fixed-rate offers for terms of three and five years were also introduced, with rates of 4.84 and 4.89 per cent respectively.
The Two-Year Tracker mortgage will remain unchanged at 4.5 per cent before reverting to its level of 1.1 per cent above the Bank of England base rate – currently 5.6 per cent.
Every new mortgage customer with Direct Line is entitled to 20 per cent off the company's best home insurance price for two years.
When this offer is activated, the customer will also receive two years' free Direct Line home emergency cover worth at least £71 per year.
David Dyer, commercial director of Direct Line Mortgages, 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 the free home emergency cover."
The Direct Line Two-Year Fixed-Rate mortgage offers a lower interest rate than similar products from Abbey and Alliance & Leicester, the company claims, which both have rates of 4.59 per cent.
All of the fixed-rate packages are available at 95 per cent loan to value and after the introductory periods rates will revert to 1.5 per cent above the Bank of England base rate.
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Related News : Direct Line |
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