New Life Tracker from first direct

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First direct has introduced a life tracker mortgage at 85% maximum LTV, priced at 3.49% above base rate, currently 3.99%. It comes with an arrangement fee of £499.

75% LTV at 2.89% and 65% LTV at 2.39% are also available.

First direct mortgage spokesperson Jimmy Kelly said: “First direct is traditionally recognised for its remortgage products rather than purchase products