first direct cuts mortgage rates

first direct has cut the rates on all of its standard and fee free mortgage range.

The changes include cutting rates on all 5 Year Fixed Rate Repayment mortgages by 0.50%, and lowering rates on some Limited Edition mortgages.

As a result the following rates will appear in the best buy tables this weekend:

90% LTV 4.29% 2 Year Fixed Rate Repayment Limited Edition - £999 fee
65% LTV 3.19% 2 Year Tracker Offset - £499 fee
65% LTV 2.64% 2 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 commented: "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."