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Mortgage & Equity Release - Call Us 0117 403 4474

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2.49% 2 Year Fixed

  • 60% LTV
  • Overall cost for comparison 3.90% APRC

Representative Example: Mortgage of £100,000 on property valued at £200,000 over term of 25 years. Rate fixed untilfor 26 months after which reverts to HSBC variable rate of 4.04%.

Go to HSBC website »

HSBC 2 Year Fixed

  • Initial Rate 2.94%
  • 95% LTV
  • Overall cost for comparison 4%

Representative Example: 

Mortgage of £100k on property valued at £200k over term of 26 months. Rate fixed for 2 years after which reverts to HSBC variable rate of 4.04%.

Go to HSBC website »

First Direct Mortgages

UK Mortgage rates are at all time lows!

See the tables below for a selection of First Direct mortgages or use our independent mortgage advice service to compare the market.

Details sort by initial rateLenderInitial rate Rate type Overall cost for comparisonMax LTVProduct feeMonthly cost Enquire
Initial rate: 2.54%
Rate type: 2.54% Fixed for 5 years
Monthly cost: £811.14 per month
Max LTV: 60%
Product fee: £490
Overall cost for comparison: 3.5% APRC
first direct logo 2.54% 2.54% Fixed for 5 years 3.5% APRC 60% £490 £811.14 per month get quotes Call direct0808 296 5500
Initial rate: 2.54%
Rate type: 2.54% Fixed for 2 years
Monthly cost: £811.14 per month
Max LTV: 60%
Product fee: £490
Overall cost for comparison: 3.9% APRC
first direct logo 2.54% 2.54% Fixed for 2 years 3.9% APRC 60% £490 £811.14 per month get quotes Call direct0808 296 5500
Initial rate: 2.59%
Rate type: 2.59% Fixed for 2 years
Monthly cost: £815.69 per month
Max LTV: 75%
Product fee: £490
Overall cost for comparison: 3.9% APRC
first direct logo 2.59% 2.59% Fixed for 2 years 3.9% APRC 75% £490 £815.69 per month get quotes Call direct0808 296 5500
Initial rate: 2.64%
Rate type: 2.64% Fixed for 2 years
Monthly cost: £820.26 per month
Max LTV: 80%
Product fee: £490
Overall cost for comparison: 3.9% APRC
first direct logo 2.64% 2.64% Fixed for 2 years 3.9% APRC 80% £490 £820.26 per month get quotes Call direct0808 296 5500
Initial rate: 2.64%
Rate type: 2.64% Fixed for 5 years
Monthly cost: £820.26 per month
Max LTV: 75%
Product fee: £490
Overall cost for comparison: 3.6% APRC
first direct logo 2.64% 2.64% Fixed for 5 years 3.6% APRC 75% £490 £820.26 per month get quotes Call direct0808 296 5500
Initial rate: 2.69%
Rate type: 2.69% Fixed for 2 years
Monthly cost: £824.84 per month
Max LTV: 85%
Product fee: £490
Overall cost for comparison: 3.9% APRC
first direct logo 2.69% 2.69% Fixed for 2 years 3.9% APRC 85% £490 £824.84 per month get quotes Call direct0808 296 5500
Initial rate: 2.69%
Rate type: 2.69% Fixed for 5 years
Monthly cost: £824.84 per month
Max LTV: 80%
Product fee: £490
Overall cost for comparison: 3.6% APRC
first direct logo 2.69% 2.69% Fixed for 5 years 3.6% APRC 80% £490 £824.84 per month get quotes Call direct0808 296 5500
Initial rate: 2.74%
Rate type: 2.74% Fixed for 5 years
Monthly cost: £829.44 per month
Max LTV: 85%
Product fee: £490
Overall cost for comparison: 3.6% APRC
first direct logo 2.74% 2.74% Fixed for 5 years 3.6% APRC 85% £490 £829.44 per month get quotes Call direct0808 296 5500
Initial rate: 2.79%
Rate type: 2.79% Fixed for 2 years
Monthly cost: £834.05 per month
Max LTV: 90%
Product fee: £490
Overall cost for comparison: 3.9% APRC
first direct logo 2.79% 2.79% Fixed for 2 years 3.9% APRC 90% £490 £834.05 per month get quotes Call direct0808 296 5500
Initial rate: 2.79%
Rate type: 2.79% Fixed for 5 years
Monthly cost: £834.05 per month
Max LTV: 90%
Product fee: £490
Overall cost for comparison: 3.6% APRC
first direct logo 2.79% 2.79% Fixed for 5 years 3.6% APRC 90% £490 £834.05 per month get quotes Call direct0808 296 5500
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Representative Example:

A repayment mortgage of £120,000 payable over 28 years and 1 month initially on a fixed rate for 2 years at 1.99% and then on the lender current variable rate of 3.69% (variable) for the remaining 26 years and 1 month would require 24 monthly payments of £465.20 and 312 monthly payments of £565.39 and one final payment of £565.19.

 

The total amount payable would be £189,357.67 made up of the loan amount plus interest (£68,161.67), booking fee (£999), completion fee (£30) and valuation fee (£197).

 

In this example the overall cost for comparison is 3.7% APRC representative.

 

YOUR HOME MAY BE REPOSSESSED IF YOU DO NOT KEEP UP REPAYMENTS ON A MORTGAGE OR ANY OTHER DEBT SECURED ON IT

First Direct Mortgages

Our Mortgage Service - helping you make the right decision

Special features of what we offer include:

  • Whole of market service - We work with most UK lenders
  • Access to leading market mortgage rates
  • Access to exclusive loan deals not available on high street
  • Fast turnaround - speak to us today if you need to move quickly
  • We have lenders who will take into account previous defaults and missed payments 
  • 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 have 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 morgage 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.

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