Find out what’s happening with today’s mortgage rates and calculate monthly repayments across a range of different rates and deals.
1 October: Lenders Vie For Top Spots As Rate Cut Nears
First Direct has slashed the cost of its fixed-rate deals by up to 0.25 percentage points, effective immediately, and is offering a market-leading five-year fix for residential remortgage, available to new and existing customers, at 3.79%, writes Jo Thornhill.
Its remortgage best-buy deal requires homeowners to have at least 40% equity in their property (60% loan to value mortgage). It has a standard product fee of £490 across its range.
First Direct, which is an online and phone bank owned by HSBC, only lends directly to borrowers and doesn’t work with brokers.
Among its other new rates is a five-year fixed rate for purchase or remortgage at 5.09% (95% LTV), a two-year fixed rate for remortgage at 4.09% (60% LTV) and a five-year fixed rate, also for remortgage, at 3.94% (75% LTV). These deals all have the standard £490 fee.
The moves follow a spate of rate…
