LONDON, UNITED KINGDOM — (Marketwired) — 05/13/13 — On 10 May 2013 first direct, recent winner of Which? Recommended Mortgage Provider, has responded to market movements and will further reduce rates on over 85% of its mortgage range by up to 50 basis points. Borrowers with a 10-35% deposit or equity will be able to take advantage of the new rates, which include both repayment and offset products.
In addition, first direct-s fourth mortgage rate reduction in as many months sees the introduction of two market-leading mortgage products:
Andy Forbes, Head of Retail Products at first direct commented:
“Since the beginning of the year we-ve continued to see competition increase in the mortgage market. In order to provide the best deal for all our customers, whether they have a 10 or 35 per cent deposit, we-ve once again made reductions to our mortgage range to ensure all have access to market leading products.”
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Notes to Editors
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first direct facts
first direct provides both telephone banking and online banking services to its 1.2m customers. It offers a full range of personal banking products including its award winning Current Account and offset mortgages.
Contacts:
first direct
Rebecca Hirst
0113 276 6899
first direct
Amanda Brown
0113 276 6700