First Direct have a new two year fixed rate mortgage deal with offset facilities that represents a decent bit of business if you're in the market for a fixed rate deal.
The mortgage comes with a rate of 4.75% which is incredibly competetive in the current market. Many consumers are expected to be looking for variable rate mortgages as interest rates are expected to fall throughout 2008, but First Direct are obviously banking on a few people still after peice of mind.
In fact, this First Direct fixed rate mortgage could prove better value than any other tracker mortgage you can get your hands on which makes it immediately worth serious consideration.
There are a few catches however. There's a fee of £1,498 to set up the mortgage. If you can't afford this lump sum then you can pay only £598 but you'll get the less competetive rate of 4.99%.
The maximum mortgage available is £300,000 and the highest loan-to-value you can secure is 90%.