First Direct Mortgage
Are you looking for a better mortgage rate, you may have been searching for First Direct Mortgages. Well they do have competitive mortgage rates.
Here’s a list of all the First Direct Mortgage currently offer – and their various rates. You should bear in mind that mortgages can be withdrawn and interest rates can change at any time. You can see which ones are available for you with our ‘Find the mortgage for you’ tool. Click Here to access the list.
First Direct Mortgage Myths
Mortgages. They’re loads of hassle. They’re too confusing. They’re too expensive. Or are they? If mortgage myths have got you mystified, don’t worry you’re not alone. Many first-time buyers (and even some people who have been there and done this all before) are put off by all the confusion and misconceptions floating around. Who can blame them?
That’s why we’re here to try and set the record straight on some of the most popular mortgage myths.
Myth 1: Getting a mortgage can take a really long time
We have all heard the horror stories from people buying a houses, you might lead you to think that mortgages take a long time to sort out. Actually, the ‘mortgage’ part of a house purchase can take as little as 6-8 weeks – but the rest of the buying process might not be so straightforward. Things like negotiating on price, getting surveys done, communication between different solicitors/conveyancers and being in a chain can slow things down, but it’s different for every buyer. Quick house purchases arent completely unheard of and you could be one of the lucky ones (we’ll keep our fingers crossed for you.
Myth 2: Pervious missed credit cards payment once, so I’ll never get a mortgage now
Although lenders will look at your credit scores, they’ll consider the overall trend rather than just one specific incident. Having a poor credit score doesn’t necessarily mean you wont be able to get a mortgage, but it might affect the amount you are offered. Lenders look at other things too, like your incomings, outgoings and general spending habits, which also means you dont have to be coupled up in order to buy a home of your own. Staying aware of your credit history and how it can affect your mortgage application will help you in the long term, but theres no quick fix – so try to keep up good habits as much as you can.
If you would like to apply for a first direct mortgage contact us here