Direct Line has been in the business of simplifying mortgages for its customers since 1985 through a number of methods ranging from reducing the amount of jargon around its mortgages to cutting out the middle-man, all with the aim of providing a better service. Direct Line now has over 5 million customers and offers a whole variety of products including insurance for cars, homes and travel in Europe.
Direct Line offers a selection of fixed-rate mortgages and discounted tracker mortgages that are well worth considering.
The mortgages offered by Direct Line have low starting rates, cut out a lot of confusing jargon and paper work and are fast to arrange. You have the option of the Direct Line fixed rate mortgage or the discount tracker mortgage.
If you are considering an amount in excess of £10,000, you can chose between purchasing a 2, 3 or 5 year fixed-rate mortgage. The best bit about this is that you know in advance exactly how much you will be paying back over this fixed period of time. When the fixed-rate period expires you will only pay a rate just above the Bank of England base rate.
Direct Line also offers a 2 year discount tracker mortgage which provides a variable rate for two years, which then reverts back to a variable rate.
Some of the benefits of having a mortgage with Direct Line are the deals and discounts on the other products they have on offer such as home insurance, savings products, life insurance, critical illness, and home emergency cover.
We recommend that the best way to find out if Direct Line (or any other mortgage/lender for that matter) is suitable for you is to consult an FSA-qualified mortgage adviser. By filling in our mortgage form you will obtain impartial mortgage advice and a quote, representative of the whole of market, with no strings attached.