First Direct Fixed 2.89% for 10 years

Which? customer score 80%
Assumed borrowing of £125,000 over 25 years, representative 3.3% APRC. Total amount payable: £183,594.74. Includes interest of £58,594.74, Valuation fee of £0, Booking fee of £0 and Administration fee of £0. Repayments: 120 monthly repayments of £585.64 at 2.89% (fixed), then 180 monthly repayments of £629.55 at 3.94% (variable).
Recommended Provider
First Direct customer satisfaction scorecard:
How do we work this out?Clarity of statements | Flexibility of payments | Transparency of charges | Customer service | Overall customer score |
80%Excellent |
Eligibility
Maximum age | 75 |
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Minimum age | 18 |
Location | England, Wales, Northern Ireland |
Restricted location note | N/A |
Existing customer note | N/A |
Eligibility notes | N/A |
Mortgage product details
Mortgage types | Purchase, Remortgage, First time buyer |
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Deal type | Fixed |
Tracker type | N/A |
Payment options | Repayment |
Mortgage product features
Overpayments allowed | Yes |
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Overpayment limits note | N/A |
Offset mortgage | No |
Help to Buy mortgage | No |
Shared ownership mortgage | No |
Shared equity mortgage | No |
New-build mortgage | No |
Self-build mortgage | No |
Portable mortgage | Yes |
Product fees
Arrangement fee | £0 |
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Arrangement fee can be added to loan | No |
Booking fee | £0 |
Telegraphic transfer fee | £0 |
Insurance fee | £0 |
Other fees | £0 |
Rate information
Minimum borrowing amount | £10,000 |
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Maximum borrowing amount | £1,000,000 |
Minimum term (years) | 2 |
Maximum term (years) | 40 |
Initial deal end date | N/A |
Initial deal length (months) | 120 |
APRC | 3.29% |
Initial rate | 2.89% |
Revert-to rate | 3.94% |
Maximum LTV | 80.0% |
Other charges
Exit fees | £149 |
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Valuation admin fee | £35 |
Valuation fee | From £125 for property value above £75,000 |
Early repayment note | If you repay the whole of your mortgage during the fixed rate period, the following early repayment charge will apply: 3% in year 1, then 2% until end of fixed period |
Standard benefits
Valuation admin fee excluded from any refund offer | Yes |
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Maximum free valuation | £0 |
Cash back amount | £0 |
Further notes about benefits | N/A |
Remortgage benefits
Cash back on legal fees | No |
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Free legal work | No |
Valuation offer | Free |
Purchase mortgage benefits
Cash back on legal fees | No |
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Free legal work | No |
Valuation offer | Free |