First direct is to launch a new range of low deposit fee free ‘Homebuyer’ mortgages to help first time buyers and home movers this January.
The new fee free ‘Homebuyer’ range is available at 85% and 90% LTV.
All 85% LTV fixed rates have a rate of 4.49% and all 90% LTV fixed rates have a rate of 4.59%.
Homebuyer mortgage range:
- 85% LTV Fee Free 2 Year Fixed rate Homebuyer Limited Edition – 4.49%
- 85% LTV Fee Free 5 Year Fixed rate Homebuyer Limited Edition – 4.49%
- 90% LTV Fee Free 3 Year Fixed rate Homebuyer Limited Edition – 4.59%
- 90% LTV Fee Free 5 year fixed rate Homebuyer Limited Edition – 4.59%
- 90% LTV Fee Free Tracker Homebuyer Limited Edition – 4.79%
Andy Forbes Head of Retail Products at first direct, said: “At first direct we understand that buying a home can be expensive and our customers are telling us this is where we can make a difference. Our new ‘Homebuyer’ mortgage range is fee free making the process of buying a home a little less costly.”
