First direct has reduced rates on all of its standard and fee free mortgage range.

The changes include the reduction of rates on all five-year fixed rate repayment mortgages by 0.50 percentage points, and the cutting rates on certain limited edition mortgages.

New rates include the following:

• 90% LTV 4.29% two-year fixed rate repayment limited edition – £999 fee
• 65% LTV 3.19% two-year tracker offset – £499 fee
• 65% LTV 2.64% two-year fixed rate repayment limited edition – £,1999 fee
• 65% LTV 2.79% tracker repayment limited edition – £999 fee

Ian Bartholomew, senior mortgage product manager at first direct, said: “First direct is renowned for providing market-leading customer service and we’re happy to help borrowers looking for a better deal by cutting our mortgage rates at a time when other household bills are rising.”