News Tag: capped
July 3, 2009
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 at 4.99% until 2012.
The mortgage is ...
Capped tracker mortgage from first direct
by David Masters
