As part of its mortgage campaign, first direct (firstdirect.com) has just launched a best buy 65% LTV (Loan-To-Value) 2 year repayment tracker mortgage at 2.19% (1.69% above base rate) with an arrangement fee of £99.
The mortgage campaign, which is due to run right up to first direct’s 21st birthday on 1 October, will see the continuation of the extremely popular £99 fee across all first direct mortgage products.
Barclays (barclays.com) current account customers will be rewarded with a reduction of up to 0.54 percentage points off selected tracker, fixed rate and offset mortgages. Customers with any of Barclays current accounts, including Premier, Additions and Graduate accounts, can all be eligible for the special rates.
Deals that will be available include a two year fixed rate mortgage at 2.95 per cent for deals up to 70 per cent loan to value – 0.54 percentage points below the standard offer and lower than the current best fixed rate from HSBC. For mortgages up to 80 per cent loan to value the rate is 4.19 per cent – a discount of 0.19 percentage points.
Discounts like this could save Barclays customers £922 in the first two years of their mortgage alone, based on an average mortgage advance of £135,000. For larger mortgages, for example a £500,000 advance, the savings could top £3,400.
