First Direct - First time buyer

[Deleted User]

Anybody able to shed some light on First Directs mortgage criteria or any first time buyers recently gone with them? I am a first time buyer looking to borrow anywhere in between 3-4x my salary with a 20% deposit, from searching around First Direct seem to be pretty picky and I'm wondering if I would be better going elsewhere than trying to get a mortgage from them? I currently do my banking with them which made them my first choice.

Thanks

ashp_2

Is there any other reason you want to go with them other than the fact you bank with them? Do they have better deals than other lenders?

[Deleted User]

The deals seem pretty good but in all honesty I just thought it would be easier to get a mortgage with them as I do my banking with them.

csgohan4

it is not easier to get a mortgage with the bank that does your current/saving accounts, they apply the same due diligence as anyone elses, current customer or not.


Unfortunately you don't get a headstart or skip a few steps.

[Deleted User]

Would it be worth approaching a broker then?

ashp_2

Deleted_User wrote: »

Would it be worth approaching a broker then?

I would say so yes. I think the cost is worth it. Applying to your bank will not give you better chances.