First Direct Mortgages
Our Mortgage Service - helping you make the right decision
Special features of what we offer include:
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Whole of market service - We work with most UK lenders
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Access to leading market mortgage rates
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Access to exclusive loan deals not available on high street
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Fast turnaround - speak to us today if you need to move quickly
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We have lenders who will take into account previous defaults and missed payments
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Looking to raise additional finance on top of your existing mortgage or buy to let mortgage? - we have access to a range of finance solutions
To investigate your mortgage options call our mortgage team on 0117 403 4474 or fill in our call back form.
About First Direct Mortgages
If you are searching the market for a mortgage you might be wondering what a First Direct mortgage has to offer. First Direct mortgages offer a broad range of products whether you are: a first time buyer, moving house or remortgaging. First direct mortgages offer a choice of rates available and the option between a repayment or interest only mortgage. For the latest First direct offerings see the table above.
Like many financial products, mortgages can vary greatly both between providers and from plan to plan, remember that a First Direct mortgage is just one option of many. Therefore before you take one out it is wise to shop around to compare the market and try and find the best option for you, consider what features are most important to your needs.
You can use the above mortgage calculator to compare First Direct mortgages and offerings from other mortgage providers at the same time. Or you can fill in the query box to request a call back from our friendly mortgage team for a free initial conversation about your requirements.
Types of mortgage available from First Direct
Fixed Rate – With a Fixed Rate mortgage deal your interest payments are the same throughout the course of the deal, so you know how much you will be paying throughout it. Fixed rates in the UK are typically based over 2, 3,5 or sometimes 10 years.
Offset – This type of mortgage works by tying your savings to your mortgage. The First Direct Offset Mortgage is an interest only mortgage, which means that you do not make any repayments on the actual mortgage during its term just the interest that accrues on it. At the end of the mortgage’s term you will be required to pay back the amount you borrowed in full. With a First Direct offset mortgage your savings ‘offset’ the interest on the amount you borrowed, so for instance if you maintain £30,000 in your savings account but have a mortgage of £150,000 you would be required to pay interest on £120,000.
Tracker – Tracker Mortgages are linked to the Bank of England’s base interest rate. This means that if the Bank of England either raises or lowers its base rate the interest you pay on your mortgage will also change to reflect this.
Discount – Discount mortgages are similar to trackers but instead of your interest rate being reflective of the Base Rate it is affected by your lender’s specific Standard Variable Rate. The SVR is the rate many mortgages revert to once you move out of your introductory deal.
For more information about what mortgage products are available use our mortgage calculator or for impartial whole of market advice call our mortgage team on 0117 403 4474 or complete our request call back form.
