Compare First Direct Mortgage Rates & Fees

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

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Think carefully before securing other debts against your home. Your home may be repossessed if you do not keep up repayments on your mortgage.

First Direct is a telephone- and internet-based retail bank in the United Kingdom, operating as a division of HSBC Bank plc 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.

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.
  • Compare First Direct mortgages

    Data indicated here is updated regularly
    Name Product Initial rate Revert rate (SVR) Maximum LTV Overall cost for comparison Apply link
    first direct 2 years Fixed
    first direct
    1.34% fixed for 2 years
    3.54% (variable)
    60%
    3.2% APRC
    first direct 2 years Fixed
    first direct
    1.44% fixed for 2 years
    3.54% (variable)
    75%
    3.2% APRC
    first direct 5 years Fixed
    first direct
    1.49% fixed for 5 years
    3.54% (variable)
    60%
    2.6% APRC
    first direct 2 years Fixed
    first direct
    1.54% fixed for 2 years
    3.54% (variable)
    60%
    3.2% APRC
    first direct 5 years Fixed
    first direct
    1.59% fixed for 5 years
    3.54% (variable)
    75%
    2.7% APRC
    first direct 5 years Fixed
    first direct
    1.64% fixed for 5 years
    3.54% (variable)
    60%
    2.7% APRC
    first direct 2 years Fixed
    first direct
    1.69% fixed for 2 years
    3.54% (variable)
    80%
    3.2% APRC
    first direct 2 years Fixed
    first direct
    1.74% fixed for 2 years
    3.54% (variable)
    75%
    3.2% APRC
    first direct 5 years Fixed
    first direct
    1.84% fixed for 5 years
    3.54% (variable)
    75%
    2.8% APRC
    first direct 5 years Fixed
    first direct
    1.84% fixed for 5 years
    3.54% (variable)
    80%
    2.8% APRC
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    Compare up to 4 providers

    Overall representative example
    If you borrow £170,000 over a 25-year term at 1.75% p.a. (fixed) for 62 months reverting to 4.74% p.a. (variable) for the remaining term, you would make 62 monthly payments of £700.04 and 238 monthly payments of £912.95. The total payable would be £261,424.58, which includes interest of £90,685 and a product fee of £495. The overall cost for comparison is 3.6% APRC representative.

    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 requirements, 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).

    Compare First Direct using a mortgage broker

    There are huge benefits to choosing to use a mortgage broker to help you get the right deal. They will do all of the hard work and research for you. They are experts in comparing the hundreds of loans and lenders out in the market based on your individual needs and eligibility, so you won’t have to worry about being forced into a deal. Your broker will also negotiate with your chosen lender on your behalf to make sure you are getting the right deal for you.

    L&C work with over 80 different mortgage lenders, including First Direct, giving you a great opportunity to compare different mortgage deals in the market. To apply for a mortgage through L&C click the link below.

    L&C Mortgage Advice

    London and Country Mortgage Experts

    L&C is a specialist broker offering mortgage comparison & free advice.

    • Compare over 80 mortgage lenders
    • Fee FREE mortgage advice
    • Personal customer service from start to finish
    • Open 7 days a week
    Promoted
    The finder.com mortgage service is provided by London & Country Mortgages (L&C). Beazer House, Lower Bristol Road, Bath BA2 3BA.
    L&C are authorised and regulated by the Financial Conduct Authority (reg no. 143002). Please note the FCA does not regulate most Buy to Let mortgages.

    Find a mortgage using a broker to compare the market

    Mojo Mortgages

    Mojo Mortgages

    The Mojo mortgage calculator compares rates in less than 1 minute. A free online mortgage broker.
    L&C cobrand

    L&C

    The UK's largest fee-free mortgage broker & adviser. No hidden costs. L&C compares rates from over 80 lenders.

    Frequently asked questions

    We show offers we can track - that's not every product on the market...yet. Unless we've said otherwise, products are in no particular order. The terms "best", "top", "cheap" (and variations of these) aren't ratings, though we always explain what's great about a product when we highlight it. This is subject to our terms of use. When you make major financial decisions, consider getting independent financial advice. Always consider your own circumstances when you compare products so you get what's right for you.

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