First Direct mortgage rates cut and cheaper fees

cathy_j87

This has possibly been answered within the thread but at 13 pages I thought I would ask again so apologies!
I think I'm going to be applying for a 5yr fixed mortgage with First Direct but had read somewhere on the forum that you had to be a current account customer with £1500/month going in....I can't find this anywhere on the FD website so was hoping someone could fill me in? Thanks!

uzubairu

cathy_j87 wrote: »

This has possibly been answered within the thread but at 13 pages I thought I would ask again so apologies!
I think I'm going to be applying for a 5yr fixed mortgage with First Direct but had read somewhere on the forum that you had to be a current account customer with £1500/month going in....I can't find this anywhere on the FD website so was hoping someone could fill me in? Thanks!

We re-mortgaged with them last August (posted earlier in the thread).
If you don't have a current account with them they open one for you as part of the mortgage application process.

We were told that we didn't need to make that our main current account, only that our mortgage payment came out of it (which could be done by setting up a standing order from our other accounts).

We got a £100 bonus for switching one of our accounts (bill payment one) as the total deposited exceeded £1500 every month and we had made payments for at least 3 months.

kaych

cathy_j87 wrote: »

This has possibly been answered within the thread but at 13 pages I thought I would ask again so apologies!
I think I'm going to be applying for a 5yr fixed mortgage with First Direct but had read somewhere on the forum that you had to be a current account customer with £1500/month going in....I can't find this anywhere on the FD website so was hoping someone could fill me in? Thanks!

Is there a charge to bank with first direct?

Banking with first direct usually costs £10 a month, but it's free when you pay in at least £1,500 to your 1st Account each month, or maintain an average monthly 1st Account balance of £1,500, or hold a selected first direct additional product.

http://www1.firstdirect.com/1/2/banking/1st-account/overview?wt.ac=BA0840

Ladyshopper

cathy_j87 wrote: »

This has possibly been answered within the thread but at 13 pages I thought I would ask again so apologies!
I think I'm going to be applying for a 5yr fixed mortgage with First Direct but had read somewhere on the forum that you had to be a current account customer with £1500/month going in....I can't find this anywhere on the FD website so was hoping someone could fill me in? Thanks!

Yes thats true, as I am just going through this process. You also have to make your mortgage payment from that account.

michaels

Sort of true - you do have to have a current a/c but you don't have to be an existing customer, you can just open one as part of the mortgage application process - don't forget to make sure you get the £100 switching bonus.

cathy_j87 wrote: »

This has possibly been answered within the thread but at 13 pages I thought I would ask again so apologies!
I think I'm going to be applying for a 5yr fixed mortgage with First Direct but had read somewhere on the forum that you had to be a current account customer with £1500/month going in....I can't find this anywhere on the FD website so was hoping someone could fill me in? Thanks!