First Direct mortgages calculator, rates & review

Work out how much a fixed-rate or variable-rate First Direct mortgage could cost you each month and overall.

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Overall representative example
If you borrow £178,000 mortgage over 25 years initially at 4.63% fixed for 60 months reverting to 6.99% variable for term. 60 monthly payments of £1002.56 and 240 monthly payments of £1214.16. Total amount payable £351,932.00 includes loan amount, interest of £173,552, valuation fees of £0 and product fees of £0. The overall cost for comparison is 6.2% APRC representative.
Think carefully before securing 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 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 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.

We've teamed up with L&C Mortgages to help you compare live rates from over 80 lenders.

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

Contact information

Existing customers can make mortgage queries by calling 03456 100 103 or emailing

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

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. Most of the data in Finder's comparison tables has the source: Moneyfacts Group PLC. In other cases, Finder has sourced data directly from providers.
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Matthew Boyle is a banking and mortgages publisher at Finder. He has a 7-year history of publishing helpful guides to assist consumers in making better decisions. In his spare time, you will find him walking in the Norfolk countryside admiring the local wildlife. See full bio

Matthew's expertise
Matthew has written 244 Finder guides across topics including:
  • Helping first-time buyers apply for a mortgage
  • Comparing bank accounts and highlighting useful features
  • Publishing easy-to-understand guides

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