With First Direct, you can choose one of the 4 mortgage deals on offer.
The offset mortgage could be the mortgage for you if you are looking to link your mortgage repayments to your savings and current account. This option should be considered if you have a bigger mortgage than your savings, you are looking to pay off your mortgage sooner rather than later, if you are a tax-payer, or if you are looking for a mortgage that offers more flexibility.
This mortgage will follow the Bank of England base rate for 12 months. After this time, the mortgage will revert to a standard variable rate for the remainder of the life of your mortgage.
There are also 2 fixed-rate offset mortgages on offer. These deals help to combine the best bits of having an offset mortgage with the added security of having fixed monthly repayments for the mortgage term.
We recommend that the best way to find out if First Direct (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.