Looking for a quick and convenient loan process? Look no further than our platform. First Direct Mortgage is a provider of private residential mortgages, with an established track record of successful trading. It has the clout to provide first-rate mortgages to all individuals, making sure that its products are reliable, stable, and responsible.
In this article, you will learn all that you need to know about First Direct Mortgage. All you are just required to do is to be patient, read carefully, and understand this article from the beginning till the end. After that, you will be good to go.
Is First Direct a good mortgage lender?
First Direct Mortgage is a highly rated lender, but there is a warning. You can apply for a loan if only you have an existing account with the bank. If you apply for a First Direct Mortgage online or through their app, you may get an immediate decision, and the money could be transferred instantly.
However, it is very important to ensure that a loan is the right decision for you and that you can afford the repayments before you apply. To learn more about the features of a First Direct loan, keep reading.
What types of mortgage does First Direct offer?
First Direct is a part of HSBC Bank, which is one of the largest mortgage lenders in the United Kingdom. They offer a type of mortgage in which your interest rate would remain the same for a set initial period. The original periods for First Direct mortgages ranged from two, three, five, and ten years, after which the rate would return to the standard variable rate.
Requirement for First Direct Mortgage
There are some requirements you need before you can apply for a First Direct Mortgage. To be eligible or qualify for the application, you and any joint applicant must meet certain requirements.
- Must be able to give evidence of your income and outgoings to show that you can afford the mortgage.
- Must be a permanent UK resident and UK taxpayer.
If you can meet all the requirements listed above, then you are eligible to apply for a First Direct mortgage.
How to Download and Create Your Account to Apply with First Direct Mortgage
Before you can apply for a First Direct Mortgage, you must have your account. The steps below are how you can create your account, and they are as follows:
- Ensure you have an internet connection to access the Play Store for Android and the Apple Store for iPhone.
- To find the first direct bank, search for it and click on it.
- Download and install the app, then open the app.
- Type in your first, middle, and last name in the space provided for them.
- Enter your primary phone number.
- Create a password and confirm it. Then provide your email and follow the prompts to complete the process.
- Provide how you heard about the First Direct Mortgage.
- Enter the property state you are applying for.
- Click on the agree to the terms of use and privacy policy and Create Account.
If you can follow the steps listed above one after the other, you should be able to download and create your account on the first direct.
How to apply
The steps below will teach you how you can apply for a loan on First Direct; all you just need is to follow the steps one after the other. They are as follows:
- To apply for First Direct, open the app and click on the Apply button.
- Please carefully review their terms and conditions and if you are satisfied with them, you can agree to it.
- Provide your title (Mr., Mrs., Miss, Ms., Mx., M, or Dr.).
- Please enter your first and last name and indicate if you have ever used any other name
- If you answered yes, please input your previous name(s) and your previous last or family name.
- Provide your gender.
- Enter your date of birth.
- Marital status
- Number of dependents.
- Your UK mobile number.
- Provide all other information and documents needed.
- Click on apply.
After all the above steps are done and they have received it, they will arrange a telephone appointment with one of our mortgage advisers. You can also apply through their website by searching firstdirect.com and then following the above steps.
