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Is this mortgage a good deal!!
danbob_2
Posts: 24 Forumite
With first direct fixed for 5yrs max ltv 65%.
Only £99 booking fee the only fee payable to the lender.
3.69% then reverts to base rate currently 3.89%
Just wondered what some of you guys think?
Only £99 booking fee the only fee payable to the lender.
3.69% then reverts to base rate currently 3.89%
Just wondered what some of you guys think?
0
Comments
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I started a thread about this exact product a few days ago, if you search by my user name you'll find it!
Something to bear in mind which I found out when I phoned about it, you have to have a bank account with First Direct, so if you don't they organise that first before getting the mortgage sorted. It has to have a minimum of £1500 go into it a month, and you have to pay the mortgage from it.
Means I will have to do some money shuffling, but no great problem.
Other than that I think its a fab deal.0 -
hsbc are similiar on price0
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whatyadoinsucka wrote: »hsbc are similiar on price
First Direct are part of HSBC.0 -
and HSBC are as correctly said part of the same company.
That said, we've been absolutely delighted with the change to FD - we were with Smile bank beforehand...
And again as said before, you need to put your salary in to FD. In my 5 months with them, I've been delighted with FD, they've been very prompt, polite and courteous and I've had nothing bad to say against them.
It's known that First Direct are offering a lot of competitive deals this year (and last year), partly due to them not being hit too harsh by the down turn and toxic debt etc.
Certainly well worth it!Feb 2012 - onwards MF achieved
September 2016 - Back into clearing a mortgage - Was due to be paid off in 32 years in March 2047 -
April 2018 down to 28.00 months vs 30.04 months at normal payment.
Predicted mortgage clearing 03/2047 - now looking at 02/2045
Aims: 1) To pay off mortgage within 20 years - 20370 -
originalmiscellany wrote: »It's known that First Direct are offering a lot of competitive deals this year (and last year), partly due to them not being hit too harsh by the down turn and toxic debt etc.
Having maintained a traditional view on lending criteria throughout the boom years. The most picky of lenders when it comes to underwriting mortgages.0 -
much more eloquently put than I said
Feb 2012 - onwards MF achieved
September 2016 - Back into clearing a mortgage - Was due to be paid off in 32 years in March 2047 -
April 2018 down to 28.00 months vs 30.04 months at normal payment.
Predicted mortgage clearing 03/2047 - now looking at 02/2045
Aims: 1) To pay off mortgage within 20 years - 20370
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