Friday, March 15, 2013

Five-year fix from just 2.64 per cent

First Direct launch three new best-buy fixed rate mortgages

First Direct are launching three new market-leading mortgages on Friday March 15th 2013. The lender, recent winner of the Consumer Moneyfacts Remortgage Buyers' Choice award will unveil a new set of fixed rate and tracker mortgages for borrowers with a 35 per cent deposit.

Posted by ben @ 09:05 AM (2394 views)
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7 thoughts on “Five-year fix from just 2.64 per cent

  • Ah ben, you are absolutely relentless, if nothing else.

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  • Cashinmattress says:

    …with a £1,399 fee. What a bargain!

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  • mark wadsworth says:

    QG, he is indeed, but he’s grinding people down – I couldn’t help thinking, that’s quite tasty is that, I’ll pay a 40% deposit or whatever it is they want and get myself a 2.64% fixed rate deal, what can possibly go wrong, only five years ain’t long enough, I like to do proper long term planning.

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  • @Mark Wadsworth

    How about if we introduced a government sponsored loan entity like Freddie Mac or Fannie Mae offering 25 year mortgages? That would be the ultimate can-kicking exercise for a government approaching a difficult election.

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  • Who on earth looks ahead more than 5 years?

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  • Wrong website Ben.

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  • mark wadsworth says:

    QG, exactly, I was once talking to a nice old bloke who vaguely realised that younger people were being conned by overpriced housing and he said that what the government should do was to hand out 1% interest mortgages to FTB’s, he refused to accept that all that would happen is that house prices would double yet again.

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