First Direct Mortgage in Principle?

philng

Is there an option to get a decision in principle with First Direct? Can't see on web site just seems to take you to full application which is for my son and not quite ready yet.

Have done an AIP with HSBC but can't find on FD site.

csgohan4

doing multiple DIP's will harm your credit history, is there a particular reason why you want multiple DIP's?

My DIP was done only once on the way to a full mortgage application with the same lender and product using a broker.

Doing a shot gun approach is not advised

philng

The AIP done have all advised there will be no impact on credit file.

Been interesting that from 3 lenders the mortgage potential offer ranges alot from £109k halifax £115k nationwide £126k hsbc all using same figures.

But first direct mortgage rate is just below hsbc on a 5 year fix ltv 53% so was wanting to get an aip as cant start full app as new build may not be completed within 6 months.

middleclassbutpoor

You will need to check how the AIP will impact your credit file and as a lender that is direct only then you would need to pay a broker a fee no doubt for them to source this.

However if you are happy in what you are doing... The following is taken from their website.

New mortgage customers
Telephone
Our qualified Mortgage Advisors can help you find the right mortgage from our range, absolutely free and with no obligation over the phone.

To start an application, call us and get an Agreement in Principle. You’ll need details of your income and outgoings to hand.

We’ll let you know what documents you need to send us to support your application. After we’ve received these we’ll ring you to arrange a telephone appointment with one of our Mortgage Advisers.

New to first direct

0800 48 24 48

Existing 1st Account holders

03 456 100 103

philng

You can apply direct to first direct online without using a broker. There is an option on the web site but no option to get a decision in principle just a full application.

We know we want a 5 year fixed and i have experience in the past on providing morgages so dont need a broker or advice.