first direct

First Direct mortgages calculator & review

First Direct offers a range of fixed and variable rate mortgages that could be suitable for you.

First Direct is a telephone- and internet-based retail bank in the United Kingdom, operating as a division of HSBC since 1994. The company offers a range of mortgage services, easily searchable using the website's Mortgage Finder or the help of their online and telephone advisers. Our calculator is designed to give you an estimate of potential costs – for more exact, personalised figures you can request a mortgage agreement in principle from First Direct.
£
£
years
Name Product Initial rate Revert rate (SVR) Maximum LTV Apply link Initial payment
first direct
1.39% fixed for 2 years
3.54% variable
60%
View details
£694.54
3.2% APRC
first direct
1.44% fixed for 2 years
3.54% variable
75%
View details
£698.49
3.2% APRC
first direct
1.54% fixed for 5 years
3.54% variable
60%
View details
£706.44
2.8% APRC
first direct
1.54% fixed for 2 years
3.54% variable
80%
View details
£706.44
3.2% APRC
first direct
1.64% fixed for 5 years
3.54% variable
75%
View details
£714.44
2.8% APRC
first direct
1.64% fixed for 2 years
3.54% variable
60%
View details
£714.44
3.3% APRC
first direct
1.69% fixed for 5 years
3.54% variable
60%
View details
£718.47
2.8% APRC
first direct
1.69% fixed for 2 years
3.54% variable
75%
View details
£718.47
3.3% APRC
first direct
1.74% fixed for 2 years
3.54% variable
85%
View details
£722.5
3.3% APRC
first direct
1.79% fixed for 5 years
3.54% variable
75%
View details
£726.55
2.9% APRC
first direct
1.89% fixed for 5 years
3.54% variable
80%
View details
£734.7
2.9% APRC
first direct
1.89% fixed for 2 years
3.54% variable
80%
View details
£734.7
3.3% APRC
first direct
1.99% fixed for 2 years
3.54% variable
85%
View details
£742.89
3.3% APRC
first direct
2.04% fixed for 5 years
3.54% variable
85%
View details
£747.01
3% APRC
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Overall representative example
If you borrow £170,000 over a 25-year term at 1.56% p.a. (fixed) for 63 months reverting to 3.59% p.a. (variable) for the remaining term, you would make 63 monthly payments of £684.69 and 237 monthly payments of £823.04. The total payable would be £239,240.95, which includes interest of £68,196, valuation fees of £0 and a product fee of £995. The overall cost for comparison is 2.9% APRC representative.
Think carefully before securing other debts against your home. Your home may be repossessed if you do not keep up repayments on your mortgage.

What types of mortgages can I get with First Direct?

  • Fixed rate With this mortgage type, your interest remain locked for a set amount of time, providing certainty about the size of your mortgage repayments.
  • Remortgages You can switch your existing mortgage to First Direct via one of its remortgage products.
  • Offset This mortgage type allows you use a First Direct savings account to offset the amount of your mortgage balance you pay interest on.
  • Tracker With this type of mortgage, your interest rate will shift up and down in line with the Bank of England base rate.
  • Variable rate With this mortgage type, your interest rate will shit up and down based on various economic conditions.
  • Buy to let This type of mortgage is needed if you want to borrow money to purchase an additional property and let it out.
  • Shared ownership This mortgage type allows you to percentage of a property and pay rent on the remainder. When you can afford it, you can then apply to buy additional percentages of the property.

How to apply

You can apply online at firstdirect.com or by calling 0800 48 24 48.

What information is needed to apply?

You’ll need to show evidence of your employment history and proof of income by providing payslips, a recent P60, three months of recent bank accounts, your pension statement etc. Self-employed applicants will need to provie at least two years worth of accounts.

Eligibility criteria

First Direct lends all over the UK. There is no minimum salary requirement, but all applicants will have to go through affordability assessments and a credit check.

Contact information

Existing customers can make mortgage queries by calling 03456 100 103 or emailing 24hours@firstdirect.com.

First Direct customer reviews

On customer review platform Trustpilot, First Direct as a bank has 2 out of 5 stars and a rating of Poor, based on more than 1,900 reviews.

It’s a much better story on Smart Money People, where First Direct has 4.7 out of 5 stars, based on more than 800 reviews.

Some customers praise the customer service on offer and the ease of use of the bank’s app. However, others complain about slow service and lack of empathy for people’s situations (updated 30 April 2020).

Frequently asked questions

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