If you borrow £210,000 mortgage over 25 years initially at 3.99% fixed for 60 months reverting to 6.99% variable for term. 60 monthly payments of £1107.30 and 240 monthly payments of £1416.83. Total amount payable £406,857.20 includes loan amount, interest of £196,477, valuation fees of £0 and product fees of £0. The overall cost for comparison is 5.9% APRC representative.
If you borrow £210,000 mortgage over 25 years initially at 3.99% fixed for 60 months reverting to 6.99% variable for term. 60 monthly payments of £1107.30 and 240 monthly payments of £1416.83. Total amount payable £406,857.20 includes loan amount, interest of £196,477, valuation fees of £0 and product fees of £0. The overall cost for comparison is 5.9% APRC representative.
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 shift 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 provide 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.
We've teamed up with L&C Mortgages to help you compare live rates from over 80 lenders.
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 4.4 out of 5 stars and a rating of Poor, based on more than 22,000 reviews.
It’s a much better story on Smart Money People, where First Direct has 4.68 out of 5 stars, based on more than 1,400 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 April 2024).
Frequently asked questions
More guides on Finder
-
Best day trading stocks for 2024
Find out how to spot some of the best day trading stocks available in the UK and abroad, along with tips for managing your investment portfolio on a day-to-day basis.
-
Wealthify vs Vanguard
Vanguard and Wealthify are both investment platforms with a lot to offer. We compare their fees, features, account types and more – side by side in Wealthify vs Vanguard.
-
eToro vs Robinhood UK
Robinhood and eToro are both investment platforms with a lot to offer. We compare their fees, features, account types and more – side by side in eToro vs Robinhood UK.
-
Hilton Honors Debit Card review: Is the high annual fee worth it?
If you stay at Hilton regularly and pay for breakfast, you’ll find good value in the Plus card. But the annual fees on both cards are quite steep if you don’t.
-
9 Best trading platforms in the UK
We’ve tested, analysed and scored trading platforms to find the 10 best trading platforms in the UK, who they’re best for and the pros and cons.
-
AJ Bell vs interactive investor (ii)
AJ Bell and interactive investor (ii) are both investment platforms with a lot to offer. We compare their features, fees, account types and more – side by side in AJ Bell vs ii.
-
Open banking, fraud, AI and more at FinTech LIVE 2024
The key themes for FinTech LIVE have been revealed ahead of the conference next week, including open banking, fraud, AI and more.
-
Trading 212 vs interactive investor (ii)
Trading 212 and interactive investor (ii) are both investment platforms with a lot to offer. We compare their features, fees, account types and more – side by side in Trading 212 vs ii.
-
Ampere review: The business account, not the unit of electric current
Ampere could be a useful option for businesses that want to pay a single monthly fee and then be able to budget accordingly.
-
interactive investor (ii) vs Vanguard
Vanguard and interactive investor (ii) are both investment platforms with a lot to offer. We compare their features, fees, account types and more – side by side in interactive investor (ii) vs Vanguard UK.