New tracker mortgage launched by first direct

first direct has launched a brand new tracker mortgage which offers the company's lowest ever mortgage rates.

The new product is on offer at 1.49 per cent above the current Bank of England base rate, which means borrowers will have access to a rate of 1.99 per cent at up to 65 per cent loan-to-value.

Borrowers looking to take advantage of the deal will have to pay a £999 booking fee, with the option to reduce the fee to £99 on agreeing to pay 1.69 per cent above base rate for the first two years.

Richard Tolchard, senior mortgage product manager at first direct, said: "Now is a great time to give finances a lift by snapping up a remortgage deal for as little as £99.

"What's more, with first direct's legendary service the benefits will last longer than their Christmas hangover."

As part of first direct's winter offers program, which runs until the end of January, the bank will cover the costs associated with changing mortgage lender including standard valuation, legal costs and enquiry fee.
 

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2010-12-29 13:07:32 © Moneyextra.com