Internet bank first direct now offers its cheapest mortgage rate ever, which is also the lowest variable mortgage rate available from a national bank or building society today.
The new discounted variable mortgage rate is set at 2.99 per cent until May 2006.
After that, mortgage holders will pay the mortgage lender's standard variable rate (SVR), which is currently at 5.50 per cent.
According to the first direct's chief executive Richard Kimber, this mortgage offers homeowners a winning deal for two reasons.
"First, the lowest rate since Elvis was in short trousers, thanks to our new discount. Then, a low standard variable rate that anyone paying Halifax's painfully high SVR would cry for," Mr Kimber explained.
"If you are looking for a mortgage discount, here is one that does not come with a nasty sting in the tail," he said.
The mortgage lender also offers a fixed mortgage rate product. The mortgage rate for this deal is set at 4.89 per cent (5.50 per cent APR) over a three-year period.
first direct has been the UK’s most recommended bank, and has had the most satisfied customers, for the last 13 years, according to research from MORI and Research International.
The bank has also been awarded a number of prizes like the Best direct mortgage lender and Best internet mortgage lender.
Mortgage lender offers lowest ever mortgage rate
Mortgage Quote Line
0845 108 0505
Mortgage lender offers lowest ever mortgage rate
Tue, 06 Sep 2005
Recommended links
Apply for a Mortgage NowCompare UK Top Home Insurance Deals and Apply Online
Mortgage Calculator
Fixed Rate Mortgages
UK Mortgage Lenders
Mortgage Interest Rates
GE Money Lending decides to hold fixed-rate mortgages
Another surprise interest rate rise in January, are more increases due?
Alliance and Leicester updates mortgage rates
Mortgage rates reduced at C and G
Abbey launches new fixed mortgage rate product
Intelligent Finance reduce offset mortgage rates
Warning over low-rate mortgages
Rate rises not cutting mortgage activity, expert claims
Britannia launches new two-year fixed-rate mortgage
Alliance and Leicester launches fixed-rate mortage deals
New fixed rate mortgage available from first direct
Mortgage lender comments on fixed mortgage rate war
July sees mortgage rates boost
Yorkshire to cut fixed-rate mortgages
Interest rate decision could leave mortgage holders in a fix
Fixed mortgage rates vs tracker mortgages
Banks found to offer cheapest mortgage rates
Halifax fixed-rate mortgage changes announced
Mortgage lender cuts mortgage rates
Financial services provider launches fixed-rate mortgage range
New fixed rate mortgage from Britannia
Borrowers prefer fixed mortgage rate products
Mortgage rate shake-up at Nationwide
Mortgage rate cut at Standard Life
Ten-year fixed-rate mortgages attractive to UK borrowers
Billions of pounds worth of fixed-rate mortgages will end this year
Fixed-rate mortgages coming to an end, borrowers facing fees
Mortgage payments down in face of interest rate cut
Almost half of mortgage holders paying too high mortgage rates
Interest rate increase mortgages repayments climb
Leeds launches new fixed-rate mortgage
Interest rate rise could affect mortgage demand
Mortgage lender offers fixed rate for a decade
Self-certification mortgage rates cut
No more cheap fixed rate mortgages
New reduced mortgage rates
Rate rises do not affect buy to let mortgage take up
Predicted increases in interest rates could impact on mortgages, says economist
First direct mortgage rate cut after BoE decision
Exclusive mortgage to track BoE interest rate
Leeds to launch new two-year fixed rate mortgage
Mortgage rates cut at GE Life
Woolwich changes buy-to-let mortgage rates
Fixed-rate mortgage deals launched by Leeds
New ten-year fixed-rate mortgage by Nottingham
UK fixed-rate mortgages proving pricey
Skipton fixed-rate mortgages rates rise
Abbey cuts mortgage rate
Norwich and Peterborough cuts Spanish mortgage rates
Chelsea cuts mortgage rates
New long-term fixed-rate mortgage from Leeds
Fixed-rate mortgage offer extended
Mortgage analyst claims a February rate rise is unnecessary
Bad credit mortgage lenders do not pass on interest rate increase
New Victoria Mortgages fixed-rate pair
New Fixed-rate mortgage product cheap
Standardised mortgage rates at UCB Home Loans
Fixed-rate mortgages causing concern
Leeds launches ten-year fixed-rate mortgage
The Mortgage Business cuts mortgage rates
Fixed mortgage and remortgage rates slashed
NandP slashes fixed mortgage rates
Market-leading fixed-rate mortgage launched by Woolwich
Rural areas may need more homes to help frustrated mortgage holders, analyst hints
Search for a remortgage before rate decision, financing analyst urges
Abbey announces reductions in mortgage rate and savings interest rate
Mortgage rates rose in August, study shows
Interest rate warning for borrowers
Borrowers face fixed-rate mortgage rise, expert claims
Fixed rate mortgages expanded at Skipton
Three mortgage terms, one mortgage rate
Northern Rock mortgage rates reduced
Standard variable rate mortgages increased in 2006, study reveals
Interest rate increase could affect mortgage affordability
New ten-year fixed-rate mortgage
USA mortgage rates edge higher again
Mortgage specialist suggests alternative to high fixed-rate mortgages
Fixed-rate mortgage holders should watch interest rates, claims financing analyst
Reduced cost of fixed-rate mortgages
Fixed rate mortgages set to rise in price
Tracker mortgages give good value despite forecast rate hike
Mortgage rates down at Chelsea
Woolwich launches ten-year fixed-rate mortgage
Variable rate mortgages popular in July
Increased mortgage activity after August interest rate cut
Expert makes mortgage prediction over interest rates
Charcol: Wait for fixed mortgage rate deals
Record low mortgage rate available
Mortgage holders tipped about future base rate changes
Analysts comment on interest rate decision
Mortgage rates increased at UCB Home Loans
Mortgage rates rise in the US
Chelsea introduces new fixed mortgage rates
Council of Mortgage Lenders reports fixed-rate popularity
Mortgage lender says fixed-rate deals set to lose edge
Trackers climb as fixed-rate mortgages fall
Interest rate worries fuelling fixed-rate mortgages, financing analyst argues
New fixed rate mortgages from AandL
Low mortgage rates for people with adverse credit problems
Yorkshire mortgage holders rewarded with new mortgage rate
first direct launches limited fixed-rate mortgage offer
Fixed-rate mortgages attract first-time buyers
Cheap fixed-rate mortgages continue to disappear
Buy-to-let will weather base rate hike, mortgage commentator claims
What does the interest rate increase mean for mortgage borrowers
Portman cuts two-year fixed mortgage rate
Woolwich cuts rate on tracker mortgage
Woolwich lowers offset mortgage rate
Another mortgage lender cuts mortgage rates
Nationwide announces mortgage rate cuts
Portman re-prices fixed-rate mortgages
More rate rises possible, mortgage provider claims
Leeds guarantees fixed-rate mortgages
Mortgage analyst explains effect of interest rates on remortgaging
Consequences of interest rate rise spelt out for mortgage holders
Mortgage rate rises warning
Rate decision delaying inevitable, mortgage borrowers warned
Nationwide increases mortgage rates
Rates dropped for first direct new loans
Nationwide cuts fixed mortgage rate products
New mortgage rate deals at first direct
New tool predicts interest rate influence on mortgage
Self-certification and buy to let mortgage rates cut
High street lender cuts standard variable mortgage rate
Cheaper fixed rate mortgages predicted
Liberate first-time buyers from stamp duty, mortgage lender says
Buy to let mortgages match residential home loan rates
Small mortgage rate changes could have big effect, says expert
Portman announces reduced rates
Mortgage rates slashed, buy-to-let launched at Chelsea
Nationwide to raise mortgage rates
125 per cent mortgages a part of HBOS strategy
Fixed-rate mortgages make a comeback, study shows
Fixed-rate mortgages popular in April, figures show
Two-year fixed mortgage offers competitive mortgage rate
Fixed-rate mortgage sales still high
Commercial mortgages pressurised by rate rise
Mortgages Direct: Fixed rate deals still popular
Reduced mortgage rates at Advantage
Nationwide increases mortgage rates following Bank's decision
Two-year fixed-rate mortgages in demand
Mortgage lenders dropping fixed-rate deals, financing study shows
Cheaper fixed-rate mortgages
Mortgage rate cut announced by Halifax
Intelligent Finance moves to mortgage rate cuts
Homeowners still tentative after interest rate cut
Abbey offers advice on remortgaging and remortgage rates
Prudential cuts mortgage rate
Lenders pull down fixed-rate mortgages
Leeds and Holbeck launches new fixed rate on ten-year deal
Higher rate taxpayers see price rise
Blackburn tops mortgage rates table, say RBS offset mortgage
Competitive mortgage rates offered by Bradford and Bingley
Buy to let mortgage rate cut for those in search for a remortgage
Leeds launches 10-year fixed rate mortgage
The Pru cut rates on flexible lifetime mortgages
Halifax launches new stepped fixed-rate mortgages
Financial services provider launches new fixed-rate mortgage deals
Mortgage lender returns to capped mortgage rate deal
Find mortgage rates that are competitive at CandG
Mortgage lender shakes up fixed mortgage rate deals
Inflation change likely to cause rush on fixed-rate mortgages
Base rate rise warning for mortgage holders
Financing analyst claims 100 mortgage lenders yet to alter rates
Yorkshire cuts five-year fixed mortgage rate
Fee-free fixed rate mortgage offered by Bradford and Bingley
Remortgage rates prompt market growth
Fixed-rate mortgages becoming more attractive
Mortgage lender launches fixed rate deal
Mortgage rate changes at Chelsea
Fixed rate mortgages from Chelsea increase
Capped mortgage rate deals unveiled
Base rate mortgages topping popularity stakes, reveals bank
Leeds launches new ten-year fixed-rate mortgage
Abbey shakes up mortgage rates
New Fixed-rate Mortgage from Chelsea
Kensington Mortgages cuts rates for self-employed
Mortgage rates decrease at Co-operative bank
Mortgage lender cuts standard variable rate
Scottish Widows launches fixed-rate mortgage
Fixed-rate mortgages popular, experts say
Fixed-rate mortgages: a basic guide
Lifetime mortgage rates reduced
Swap rate rise may prompt variable rate mortgages increase
Lenders pull fixed-rate mortgages
Mortgage lenders cut mortgage rates
New fixed rate mortgage from Britannia
Charcol offers mortgage rate solutions
Consumers warned about tracker rate mortgages
New fixed-rate mortgages from first direct
Mortgage lenders raise rates
The influence of interest rates on the mortgage market
Long-term fixed-rate mortgages getting cheaper
Leeds launches fixed-rate mortgages
Watch fees on fixed-rate mortgages
Financial services provider cuts tracker mortgage rates
Mortgage rates cut on homes and casas at Norwich and Peterborough
SVR mortgage rates could rise
Building Society borrowers protects from base rate rise, expert claims
Mortgages continue to climb despite rate rise
Strong mortgage market - will bank resist interest rates increase
Abbey raises tracker mortgage rates
More opting for fixed mortgage rates
Remortgage rates cut at Abbey
Fixed rate mortgage launched by West Brom
Poor credit mortgage rates cut
Building society claims to offer cheapest standard variable rate mortgage around
Standard variable rate mortgages used by 1 in 5, mortgage study shows
Cash prize if mortgage borrowers can find better mortgage rates
GE Life cuts mortgage rate again
Mortgage rates inch up
Fixed mortgage rate products more popular
Competitive fixed rate mortgages behind market buoyancy
Alliance and Leicester announces new fixed mortgage rates
Daily rates from mortgage lenders save money, says Halifax
Ten-year fixed rate mortgage from West Bromwich
Skipton release new fixed-rate mortgage
Fixed rate mortgages many and tempting
Long-term fixed-rate mortgage deals launched
Interest rates could hit 7.5 per cent, mortgage borrowers told
Fixed-rate mortgage rate cut at Yorkshire
Skipton launches low capped mortgage rate
Alliance and Leicester raises mortgage rates
Further rate rises 'unlikely'
Buy-to-let mortgage investors will survive rate rise, financing analyst claims
New fixed rates for Nationwide mortgages
Standard variable rate mortgages defended by financing analyst
Mortgage Trust releases new buy-to-let rate
New fixed rate mortgage from Leeds and Holbeck
Mortgage rate cuts and fee savings at Abbey
Chelsea cuts mortgage rates
People looking to find a remortgage turning to fixed-rate mortgages
Fixed-rate mortgages the safest bet
Chelsea cuts mortgage rates
Lifetime mortgage rates cut at Saga
New fixed rate mortgage from Britannia
NandP reduces fixed mortgage rates
Charcol: Find a mortgage now if you want fixed rate
Lowest ever ten-year mortgage rate from Yorkshire
Preferred poor credit mortgage rate with em-homeloans
House price inflation prompts rate warning for mortgage holders
Cheaper fixed-rate mortgages for first-time buyers
Mortgage Trust launches new fixed-rate buy-to-let mortgages
Abbey launches new mortgage rate deals
Mortgage rates slashed for first time buyers
Nationwide fixed-rate mortgages rate increase
Headline mortgage rates not necessarily best deal
Competitive mortgage rates offered by Newcastle
Two mortgage rate cuts on two-year mortgage at Yorkshire
AandL announces rate reductions on its mortgages
Mortgage lender's mortgage rate to track Swiss interest rate
Rising interest rates should be a call to action for those with a mortgage
Mortgage lender cuts Freestyle mortgage rates
Fixed-rate mortgage available at Halifax
Financial services provider launches long-term fixed-rate mortgages
Use the Euro to mortgage rate advantage
"Rate tarts" cause rise in exit fees, survey says
Chelsea introduces new remortgage rates
Alliance and Leicester cuts mortgage rates
Alliance and Leicester cut rates for prime mortgages
Skipton relaunch fixed-rate mortgages
New fixed-rate mortgage from Newcastle
All mortgages affected by interest rate rises, analyst contends
Paragon launches its best ever mortgage rate product
Fixed mortgage rates cut at Bank of Ireland
Portman announces mortgage rate cuts
Fixed rate mortgages set to expire
Skipton relaunches fixed-rate mortgages
Interest rate increases affect mortgage market
Fixed-rate mortgages increasing among buy-to-let investors
Leeds Building Society launches fixed rate mortgage
Mortgage lender cuts fixed mortgage rates
Fixed-rate mortgage launched for first-time buyers
Mortgage lender introduces new fixed-rate mortgage offers
Nationwide increases fixed-rate mortgage rates
The Mortgage Works cuts rate on mortgages
Mortgage rates price key workers out of market, figures show
Base Rate Tracker Mortgages Explained
Compare UK Top Home Insurance Deals and Apply Online
Apply for a Mortgage Now
| mortgages news |
|---|
| Yorkshire Building Society makes mortgage more accessible - Thu, 02 Sep 2010 |
| Lloyds TSB launches new fixed-rate mortgage - Thu, 02 Sep 2010 |
| Skipton launches new mortgage range - Wed, 01 Sep 2010 |
| More News |
Mortgage Rates by Lender 
Worried about Mortgage Repayments?
- Join our petition to Government to bail out burdened individuals, not just banks.
Free Mortgage Quote
Mortgages in Scotland
Equity Release
Switching Mortgages
Home Reversion Plans
Commercial Mortgages Arrears & CCJs?
Remortgages- Sub prime mortgages
- Arrears, CCJs
- Self certification
- Debt consolidation
Protect Your Mortgage