First direct has reintroduced its 85 per cent LTV two and five-year fixed rate and lifetime tracker mortgages.

The new range includes:

85% LTV Two Year Fixed – 2.94% fee saver*

85% LTV Two Year Fixed – 2.74% with £490 fee

85% LTV Five Year Fixed – 3.19% fee saver*

85% LTV Five Year Fixed – 2.89% with £490 fee

85% LTV Lifetime Tracker – 3.19% fee saver*

85% LTV Lifetime Tracker – 2.99% with £490 fee

First direct head of mortgages Chris Hal says: “We’re really pleased to be offering 85% LTV mortgages again. The effects of the pandemic will be with us for a long time, but with hopes of the lockdown ending we’re now seeing increased demand among homebuyers and remortgagors looking for higher LTV fixed rates.”