First Direct Mortgages
For a competitive rate on your mortgage, First Direct Mortgages are well worth considering. First Direct Mortgages have won numerous awards, the most recent being the prestigious “What Mortgage Magazine” Best Lender over 5 years award in February 2007. First Direct offer two mortgage types:
• Life Tracker Mortgage
• Offset Mortgage
First Direct offer some great extras in their mortgage packages. With both the life tracker and the offset mortgages, you can make overpayments so that your mortgage is paid off more quickly. The offset mortgage is linked to your First Direct bank and saving accounts, with the balance of these accounts offset against the amount that you owe, reducing the interest charged on the mortgage.
You can also arrange to have your offset mortgage at a fixed rate so that you only pay a set amount of interest during the initial repayment period. First Direct Mortgages are adaptable and portable, meaning that they move house with you without the added cost of transfer fees.
