First Direct - 5 or 10 year fix?

tinkerbell84

Actually looking at the figures again we could have it all paid off in 13 years quite easily!!!

Dunno what will happen in the meantime so it might change, but that's a lot less than the 20 year term we're applying for! :beer:

judi24

I tried contacting first direct this week about my remortgage that is due at the end of Sept - they said it was too early and to call back at the end of the month! how did you get them to keep your offer for so long? thier rates are already a good bit higher and I'm worried they will go up!

gil13

judi24, you can book the rate and pay the booking fee to FD, this grabs you the rate, you then AFAIK have 6 months to drawdown. you apply and just let them know the date you want to start / redeem.

ihatecharges

NEWBIE here.......

I have recently changd my mortgage to First Direct (4.99% 5 year fix) and have to say the service is second to none. I moved everything, savings, current account and credit card. First time with an offset mortgage and it works really well, over pay as much as I want and if I need a bit back, just take it out, no fees, no hassle.

Looking at the figures above I would also go for the 10 year fix as it is only 0.1% for complete piece of mind.

Hope it works out well for you.