Consumer UK mortgage rates: First Direct cuts mortgage rates for first-time buyers amid industry-wide reductions By Alex Nelson Published 11th Jul 2024, 14:28 BST Comment Watch more of our videos on Shots! and live on Freeview channel 276 Visit Shots! now The lender has slashed its mortgage rates, which could shape first-time buyers’ homeownership journeys 🏡 First Direct has lowered mortgage rates, following similar moves by other major lenders Its reductions apply to two, three and five-year fixed repayment mortgages, benefiting first-time buyers Cuts include a two-year fixed-rate deal for borrowers with a 15% deposit, dropping from 5.16% to 4.99% Economists predict a potential reduction in the Bank of England base rate from its current 16-year high of 5.
25% Lenders such as Halifax, HSBC UK, Barclays, and others have also adjusted their mortgage rates recently to attract more business Sign up to the weekly Cost Of Living newsletter. Saving tips, deals and money hacks. Sign up Thank you for signing up! Did you know with a Digital Subscription to The News, you can get unlimited access to the website including our premium content, as well as benefiting from fewer ads, loyalty rewards and much more.
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First Direct has reduced its mortgage rates, lowering them by up to 0.17 percentage points followin.
