New first direct Three-year Fixed Rate Offset Tracker Mortgage launched
www.moneynews.co.uk > Mortgages > New first direct Three-year Fixed Rate Offset Tracker Mortgage launched
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Money News |
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New first direct Three-year Fixed Rate Offset Tracker Mortgage launched
Tue 4th Jul 2006
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The first direct Three-year Fixed Rate Offset Mortgage is now available and offers a rate of 5.39 per cent.
With a maximum loan-to-value of 80 per cent borrowers may want to take up the mortgage product which gives the reassurance of a fixed rate.
An offset facility on the latest mortgage release from first direct allows customers to link savings and current account balances to the mortgage, such that they only pay the difference.
Chris Pilling, first direct's chief executive, said: "Fixed rate home loans have proved a huge hit with homeowners. In fact, seven out of every ten is now a fixed rate compared to just ten years ago where it was less than two in ten."
Bank accounts, loans and credit cards are also available from first direct.
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