Online bank First Direct has launched a new one-year fixed-rate bond paying interest at 2.75%.
The bond is only available to First Direct customers, and can be opened with a deposit of between £2,000 and £49,999.
No deposits or withdrawals can be made once the bond is opened. Customers who need to withdraw money from the [...]
First direct has launched a market-leading offset tracker, which tracks at 2.08% above the Bank of England’s base rate, offering a current rate of 2.58%.
The lender, which is part of the HSBC group, claims the deal is the best of its kind on the market, for a maximum loan to value ratio of 65%.
It comes [...]
The benefits of offset mortgages remain a mystery to many, as first direct reveals that 40% of homeowners questioned don’t understand how they work and a further 35% only have a rough idea.
Concerned that borrowers are missing out, first direct is encouraging homeowners to get to grips with offsetting because in some cases the savings [...]
HSBC-owned first direct has launched a new offset tracker mortgage with an interest rate at 2.48% above the Bank of England’s base rate.
With the Bank of England’s base rate at 0.5%, this gives first direct’s mortgage a headline rate of 2.98%, or 3.2% APR.
Unlike any other tracker mortgage currently available, first direct’s product is capped [...]