first direct will pass on in full any base rate cut

first direct will pass on in full any Bank of England base rate cut tomorrow, 10 January, to all its variable rate mortgage customers.

Even better, the bank’s cut will take effect on the day, giving borrowers an immediate benefit should the Monetary Policy Committee vote for a rate cut.

The bank already has one of the lowest standard variable rates at 6.50%, and is currently offering a best buy two year fixed rate offset mortgage at 4.99%.