first direct kick starts the New Year with help for homebuyers

first direct has launched 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 and helps borrowers keep upfront costs down.  To give buyers a simplified choice, 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 commented: "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."

What does ‘Fee Free' mean?
No arrangement fee
No booking fee
No standard valuation fee

first direct will cover the cost of one standard valuation where this is required as part of the mortgage application.  Additionally, where it is a straight forward transfer from another lender, first direct also pays the standard legal costs.

For more information, visit firstdirect.com.