5 Year 2.69% fixed mortgage. Unlimited overpayments. @ First Direct
910°Expired

5 Year 2.69% fixed mortgage. Unlimited overpayments. @ First Direct

60
Found 16th Jun 2013
You can make unlimited overpayments to the mortgage whenever you choose.
Costs 0.2% more than 4 years Nationwide's one but fixed for 5 years and allows unlimited overpayments.
Max LTV 65%

60 Comments

Perhaps the word "mortgage" in the description would help. Just thought....

Love the attitudes of some people on this site. Great deal....

ryan1888

Love the attitudes of some people on this site. Great deal....



We try and help each other out. There's a few sarcastic fools but on the whole if you post a deal people will help you maximise the chance for it getting hot.

who cares if it gets hot or not? what is wrong with people that they need to receive such small boosts to their ego.
do it for the right reasons... simply share a deal and help people out who have helped you out before. pay it forward type gubbins. simple as that.

Love the attitudes of some people on this site. Great deal....

golfyboy

who cares if it gets hot or not? what is wrong with people that they need … who cares if it gets hot or not? what is wrong with people that they need to receive such small boosts to their ego.do it for the right reasons... simply share a deal and help people out who have helped you out before. pay it forward type gubbins. simple as that.



yeh, I can never for the life of me understand why anyone would give a **** about how hot their deal was?? surely the only thing that matters is if people have found a deal theat they woudnt have otherwise???

needs a big 35% deposit!

hot

Arrangement fee ?

I don't know that it's all to do with ego.
if a deal gets hot it will as appear on the front page and get seen by me people

Great bank, great deal. I can't fault this bank and I have my mortgage and current account with them.

ltv =65%
only good deal if you have the ltv

for me a standard variable mortgage are good but at this iinterest rate its a great deal.

I have an offset with them, also bank with them. They really are excellent

It's a good deal as long as fees/valuation don't cost much. Bit of advice in that just because your term is 25yrs (etc) it doesn't mean to say you have to take that long, if you can overpay you should. Wish someone had told us this earlier.

been looking at this, you also have to make monthly payment from a first direct account. Open a current account and pay in over £1k a month or the account costs £10 a month. This deal has been around for a month or so.

Anyone know how soon in advance you can book this deal? I'm buying myself out of my current fix after november payment and wonder if I can start the ball rolling on this one?. I'll be right on the 65% ltv!

Also you will need to add on valuation fee which is 100k-160k = £150. 160k to 200k = £173 and 200k-260k - £197
Edited by: "fiffio" 17th Jun 2013

Great deal, great bank. I currently bank and have my mortgage with them and would certainly recommend them to all. Joy to deal with after banking with the likes of Santander.

Banned

do they do interest only option with this mortgage product?

Good rate for remortgaging with only £500 fees.

Seems like a good deal - shame I don't yet have 35 % deposit..

35% deposit cold.

Yes, one terrific deal.

Also top marks to the person who posted this deal. I think it is a good idea to have the odd financial product in the hot deals mix.

golfyboy

who cares if it gets hot or not? what is wrong with people that they need … who cares if it gets hot or not? what is wrong with people that they need to receive such small boosts to their ego.do it for the right reasons... simply share a deal and help people out who have helped you out before. pay it forward type gubbins. simple as that.



Agree 100%. A few weeks back I offered more info on a deal I posted in reply to a mistaken comment and someone commented you are doing it to get more heat !!!!

Great deal! Shame I fixed for 5 years with Santander a couple of months ago at 2.99%

I just got a 2.99% Fixed for 2 years with Santander - £0 Fee.

And because I have the 123 Current Account, I get ~£30/month back on my DD's/mortgage payment and they also waivered the charge fee when coming from another lender.

Only a 20% deposit required too.

Edit:

Meant to say however, First Directs customer service is apparently second to none...
Edited by: "GeforceXP" 17th Jun 2013

fiffio

been looking at this, you also have to make monthly payment from a first … been looking at this, you also have to make monthly payment from a first direct account. Open a current account and pay in over £1k a month or the account costs £10 a month. This deal has been around for a month or so.Anyone know how soon in advance you can book this deal? I'm buying myself out of my current fix after november payment and wonder if I can start the ball rolling on this one?. I'll be right on the 65% ltv!Also you will need to add on valuation fee which is 100k-160k = £150. 160k to 200k = £173 and 200k-260k - £197



You used to be able to book six months in advance with First Direct, so worth a call.

For those voting cold because they don't have a 35% deposit - if you rate a deal based on whether you can afford it, most posts on here would go cold surely?

This seems a cracking deal, yes, you need the stated LTV, but then you do for these sorts of rates at the moment. I've been with nationwide for 3 years and the overpayments max is annoying, so I think I may well go for this! Many thanks to OP!

Leeds also have 2.9% at the minute with 25% LTV. £199 fee though.

Remember First Direct, are like their group owners, exceptionally picky!

Hsbc/FD generally offer the best deals, but you have to fit their criteria 100%. A *perfect* credit history, no room for risk or doubt.

gazter

Remember First Direct, are like their group owners, exceptionally … Remember First Direct, are like their group owners, exceptionally picky!Hsbc/FD generally offer the best deals, but you have to fit their criteria 100%. A *perfect* credit history, no room for risk or doubt.



Which is exactly the reason why they didn't need to be bailed out when the recession hit ... if only the other banks had followed this example.

doivey

Seems like a good deal - shame I don't yet have 35 % deposit..



ChampionshipManager

35% deposit cold.



Get used to it, joys of the current financial climate. A lot of the top rates on recent mortgage comparisons I have done are around 65% to 75% LTV

For those that are moaning about the LTV, I achieved the following with HSBC a couple of months ago.

I had a 85% LTV and achieved a 2.89% APR (zero fee) as an existing HSBC customer fixed for 2 years.

It was advertised at 3.19% APR but I haggled it down, which I didn't think it would be possible.

Now saving myself £100 a month on repayments and around £3k in interest for this year. Plus reduced my term by 2 years

I am allowed to overpay by 20%.

speric07

Which is exactly the reason why they didn't need to be bailed out when … Which is exactly the reason why they didn't need to be bailed out when the recession hit ... if only the other banks had followed this example.



But they werent that picky during the boom, just not stupidly reckless like some. My mortgage is hsbc...

golfyboy

who cares if it gets hot or not? what is wrong with people that they need … who cares if it gets hot or not? what is wrong with people that they need to receive such small boosts to their ego.do it for the right reasons... simply share a deal and help people out who have helped you out before. pay it forward type gubbins. simple as that.

Is this golf talk?

speric07

For those that are moaning about the LTV, I achieved the following with … For those that are moaning about the LTV, I achieved the following with HSBC a couple of months ago.I had a 85% LTV and achieved a 2.89% APR (zero fee) as an existing HSBC customer fixed for 2 years.It was advertised at 3.19% APR but I haggled it down, which I didn't think it would be possible. Now saving myself £100 a month on repayments and around £3k in interest for this year. Plus reduced my term by 2 years :)I am allowed to overpay by 20%.



Well done! did you visit a branch or phone them up ?

Good deal. I've just completed remortgage to HSBC to get out of a penalty tied fixed rate. I think rates are going to drop even further over the next 6 months....ready to pounce on a 5 year fixed sub 2%

ChampionshipManager

35% deposit cold.



So this makes it a bad deal then...? Idiot!

Nayana

Well done! did you visit a branch or phone them up ?



All done across the phone, they will try to charge a fee, but get them to waive that as well seeing as you are an existing customer

Supercharged

So this makes it a bad deal then...? Idiot!



He is one of HUKD's finest
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