First Direct Deals

First Direct Deals & Discounts

31 hot deals
First direct switching cash £125 + 5% Regular saver (£300/month saving earn £97.50 interest)
326°
Found 11th NovFound 11th Nov
Switch to first direct using money saving expert link and get £125 for switching * need to pay 1000 within three months to receive the incentive, keep the money for a day and take… Read more

Yeah FD are top class for customer service... been with them for five years +. Their banking app is simple to use too.

Original Poster

battlefield17061 h, 24 m ago

How are they in terms of day to day banking use... Heard not so good …How are they in terms of day to day banking use... Heard not so good things about their parent company HSBC (in terms of being slightly orthodox / pedantic)

Money saving experts says...first direct has been rated top in their customer service.....

I think their parent company customer service executives have been given instructions to answer first direct calls first instead of giving priority to hsbc customers ... hehe

How are they in terms of day to day banking use... Heard not so good things about their parent company HSBC (in terms of being slightly orthodox / pedantic)

Bumblebeesmum15 m ago

They do £50 for referer and £100 for you if you know someone with a FD A …They do £50 for referer and £100 for you if you know someone with a FD Account - more in total although I guess then you argue about the split !


125 alone or using a referral £100 and £25 not guaranteed lol

Rkp1 m ago

Ohh i missed that


My bro has been working me as he REALLYwants his £50
Lots of cashback rewards from various places with First Direct visa card e.g £5 reward for spending £40 on Esso fuel
330°
Found 24th OctFound 24th Oct
Use your First Direct Visa card at selected retail outlets to get substantial cashback. For example: £5 reward for spending £40 on Esso fuel £10 reward for a £40 shop at LIDL… Read more

philbean24th Oct

I did the Esso one and had to chase them for the £5.Did get it in the end …I did the Esso one and had to chase them for the £5.Did get it in the end though.


Ditto and yet another claim in.
4 offers over 2 cards and all claims.

Original Poster

Must be staggered for different areas as my LIDL offer is available to me. It expires in 4 days time...
Edited by: "tmohammad" 25th Oct

littel.helper16 h, 40 m ago

I have used this offer for Lidl few weeks back. cant see Lidl offer in my …I have used this offer for Lidl few weeks back. cant see Lidl offer in my account. makes me thinl you can only claim once for each retailr.


I was wondering this too. but not sure, because the Lidl offer expired on the 20th.

I did the Esso one and had to chase them for the £5.
Did get it in the end though.

I don't have lidl in the offer, why? I do have esso and h&m 10cb for 40£spent
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Its back First Direct and HSBC £10 cash back off £40 spend at Lidl with Visa
402°
Found 6th OctFound 6th Oct
as title could also be on HSBC cards as well, make sure you register your card.

well i activated the lidl offer and spent £40.54 instore and i still havent received the £10 cashback, the website has no contact details, so i submitted a contact form, we'll see what happens

y-oh-y13 h, 8 m ago

Would this work if you only spend say £11 and asked for £30 c …Would this work if you only spend say £11 and asked for £30 cashback?Surely it would then show as a £41 spend?I'll try it later.



Didn't know they did cashback in Lidl - let us know if it works, should show up on the visa offers page before the cashback hits your bank account.

Tim20118 m ago

I like the way you think I'd be surprised if it works but you never …I like the way you think I'd be surprised if it works but you never know. Let us know how you get on.



Tried it anyway, nothing to lose.
£17+ spend, £25 cash back.

***** not many like the way I think. ;-)
Thanks

y-oh-y4 h, 6 m ago

Would this work if you only spend say £11 and asked for £30 c …Would this work if you only spend say £11 and asked for £30 cashback?Surely it would then show as a £41 spend?I'll try it later.


I like the way you think I'd be surprised if it works but you never know. Let us know how you get on.

Would this work if you only spend say £11 and asked for £30 cashback?
Surely it would then show as a £41 spend?
I'll try it later.
FIRST DIRECT & HSBC VISA OFFERS: £5 Off £40 Fuel Spend @ ESSO
308°Expired
Found 6th OctFound 6th Oct
First Direct & HSBC customers can get £5 off a minimum spend of £40 on fuel at Esso. You need to be registered with Visa Rewards first - see below: First Direct Rewards: fi… Read more

Realscottylad22 h, 17 m ago

I clicked on the link to esso in the online visa offers website & used …I clicked on the link to esso in the online visa offers website & used their garage finder to see which local esso supplier was closest & open. Spent £45 on fuel & waited... & waited. It was only after a week & a half I looked back & saw its limited to 'participating garages', and there's a 'finder' on the visa offers esso webpage, doh ! I'm also wondering who & how posters above me emailed complaints about failed offer purchases as I can find no contact details on the visa offers website.


I used the find a garage on the link from the esso deal, so even tho it was a tesco garage, it was listed so knew it was valid. My earlier post about email was a mistake, I used the online webform on the visaoffers help page. Sign in > click Help > Scroll down to the bottom and select Other > Scroll down to the bottom again and there's the Issues webform. good luck.
..and this...
Please provide the following information found on your receipt when you contact us:

  • Date of transaction
  • Retailer name
  • Amount paid
  • Last 4 digits of the HSBC Visa card used
Edited by: "Franken" 8th Oct

I clicked on the link to esso in the online visa offers website & used their garage finder to see which local esso supplier was closest & open. Spent £45 on fuel & waited... & waited. It was only after a week & a half I looked back & saw its limited to 'participating garages', and there's a 'finder' on the visa offers esso webpage, doh !
I'm also wondering who & how posters above me emailed complaints about failed offer purchases as I can find no contact details on the visa offers website.
Edited by: "Realscottylad" 7th Oct

This says it expires tomorrow on mine.

But I used the Costa deal last month in a costa franchise and it still gave me the cashback no problem

Be wary, I've had a 75% failure rate with these offers, some track, other don't.
Oh and don't expect any help from HSBC on this, their customer services don't even have a clue about this promotion.

I'm still waiting for the Boots £5 cashback via HSBC from 2 weeks ago. After several emails from utterly useless hsbc online customer services, I've escalated, but alas still no reply.

Still chasing them for a Lidl £10 - unreliable tracking system and hopeless to deal with.
First Direct free £125 if you switch back on plus free £250 overdraft if you need it! Mse exclusive
231°
Found 4th OctFound 4th Oct
Apply via our link and First Direct* offers £125 if you switch to it. It's one of our top picks due to its excellent customer service – it's won every bank service poll we've eve… Read more

xp25005th Oct

The site seems to say £100 bonus instead of £125... is there something I a …The site seems to say £100 bonus instead of £125... is there something I am missing?


You have to use the link in the description with * next to first direct. The normal 'go to' link takes you to their normal £100 link. Hope this helps.

The site seems to say £100 bonus instead of £125... is there something I am missing?

So i s First Direct separate from hsbc? Im a HSBC customer and just wondering if i could get this deal?

I have a joint bank account with my wife. We were going to switch to HSBC for their current offer but than found out my wife had a current account with them still as she forgot to close it years ago.

Anyone no if we could switch to first direct and benefit from the switch offer?

I've been a First Direct customer for the last 7 years. The customer service used to be excellent however over the last 2 years the service is not anywhere near as good as it used to be (although probably no worse than it's closest competitors). Main change are the long queues rather than the content of the calls.

I had a very bad experience when I went to recommend a friend, it was clear at that point that it's not the bank it once was.

The 'new' app was the last straw for me. It really is terrible. I opened up a Nationwide account last year and have now decided to use this for my new account.

Although, free money is free money. It's worth changing if you have a decent credit score and are not intending to have major financial reshuffles in the near future (new mortgage, new car etc). Though, I would only ever use FD as a second account.
Edited by: "gary333" 5th Oct
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£25 cashback on First Direct 17-month 0% purchase credit card
57°
01/12/2017Expires on 01/12/2017Found 4th OctFound 4th Oct
Special offer for First Direct current account customers: £25 cashback when you spend at least £1,000 with a first direct Gold Card within the first six months of opening your… Read more
Editor
Editor

Don't expect the card itself to be gold in colour. They changed it years ago to fit their brand. It's now black with gold lettering and numbers. Still looks smart until the numbers start wearing. I know that has nothing to do with the deal, but some peeps like to flourish their 'Gold' cards when paying for things.
First Direct/HSBC Visa Offers £10 back from £50 House of Fraser spend
229°Expired
Found 28th SepFound 28th Sep
I've just logged on to my Visa offers (have both First Direct and HSBC) both have the £10 cash back on a £50 House of Fraser spend. House of Fraser £10 back on your next purchas… Read more

Thanks op, didn't know first direct did cashback. Have similar system for nationwide
First Direct Tailored deals with Visa Offers Boots H&M Esso Costa Lidl Dunelm Nike Store Ibis Holland and Barrett ETC
345°Expired
Found 31st AugFound 31st Aug
Now FD customers can enjoy same benefits as Nationwide customers been enjoying since 2011. Sign up and you will get access to spending cashbacks from Visa. Current offers include b… Read more

Proj2 h, 38 m ago

Can I buy some amazon or google play gift card from Lidl? Like other …Can I buy some amazon or google play gift card from Lidl? Like other supermarket sell gift cards of other retailers


Lidl don't sell gift cards of any kind

@Proj Visa's intention is probably so you can use any of your registered cards to get the offer once. If you want multiple dips, it seems you have to register each card separately under a separate email address.

Rulandas1st Sep

You will probably be able to use the offer only once. unless stated …You will probably be able to use the offer only once. unless stated otherwise. That is why you need separate accounts for each card.

I can see visa offers page clearly says offer available on all registered cards instead of just once per account. If later was the case then they would not let you register multiple cards with one account.

backinstock31st Aug

I've just signed up and will use the Esso £5 off £40.A few Tesco Express s …I've just signed up and will use the Esso £5 off £40.A few Tesco Express shops are connected with an Esso station, so an option to buy giftcards.£10 off a £40 spend at Lidl too. Stock up on booze. ;-)

Can I buy some amazon or google play gift card from Lidl? Like other supermarket sell gift cards of other retailers

Sharpharp33 m ago

Just a heads up for the "stacker" massive.... u know who you are …Just a heads up for the "stacker" massive.... u know who you are Boots today - Combine the following for some serious savings at Boots:1) TCB for cashback2) 20x Boots points of a £50 spend (ends today) £50 = 1000 points, i.e. £10 in reward points to spend3) Use your HSBC/First Direct Card for £5 cashback off a £40 spendI'm on my 8th order right now lol


What are you purchasing?
£30 cashback on First Direct credit card
-25°Expired
Found 23rd AugFound 23rd Aug
Fancy bagging a free £30? First Direct is offering £30 cash to First Direct current account customers who take out a credit card with the bank. You can get the £30 in one of … Read more
Editor
Editor

Existing customers only. Can get m&s cashback and don't need to be exisiting customer. So cold
5 year Fixed Rate Mortgage 1.84% -  No Fees -  Unlimited extra repayments @ First Direct
1623°
Found 15th AugFound 15th Aug
Spotted that FD have further reduced their 5 year fix mortgage to 1.84% which matches the HSBC deal but with unlimited extra overpayments. Maximum LTV is 60% Recent thread for r… Read more

delusion15th Aug

Seems expensive to me for 60LTV, I suppose it depends on your …Seems expensive to me for 60LTV, I suppose it depends on your circumstances, but if I was a few years away from clearing my mortgage and not 33 I'd probably be less bothered about the terms (currently paying 1.14% with cashback on payments).

Intrigued about our current deal as I'm looking to remortgage. Is that a fixed rate? How long is it fixed and when did you take it out? What's your LTV?

androoski15th Aug

The last few years of the mortgage term are glorious as you see the …The last few years of the mortgage term are glorious as you see the outstanding loan reduce really quickly as the balance of payments goes onto the capital instead of interest and the sight of freedom appears on the horizob.I would have snapped this up but I'm already in one that will take me to the end of the mortage.

Good on you! May we all experience that feeling before our hairs turn grey!

Also underlines the importance of overpaying, even £50 -£100 per month can make a big difference in the years reduced PLUS you save on interest payments.

I've rebooked an appointment to move to this rate. Should get talking to them next week. I believe we're in the final days of fee-free mortgages at a rate as low as 1.84%.

I called up last Friday for a remortgage and had a 1h initial income and expenditure interview; at the end of the interview was told I passed the initial affordablty and i will be called again in the few days to book an appointment on the phone with a mortgage advisor.
In the mean time i had to scan and send online my 3 months pay slips,3 months bank statements and last 2 years p60. On Monday the mortgage advisor called and booked me in for Wednesday. On Wednesday the advisor called at the right time and and went through my bank statements; it wasn't that intrusive as some have made it out.
Also the value of the property which they used their own system to value my property which added another £75k to my LTV
They also wanted to find out what type of product i was looking for and why (2 or 5 or 10 year fix) the second part of the interview was an assessment of what I needed and for them to give their recommendation. The call was around 1h 25m and at the end of the call the advisor. They told me that hopefully I should get a response if i have been approved the mortgage in principal in the next few hours.
An hour later I received a call letting me know that iv been approved subject to the underwriters and that no Survey valuation was needed. That same day i sent a copy of my passport via a web com connected to first Direct via a link they provide.
On Thursday I received the fact illustrations and declaration to sign and send and also my signature for their register:/ . Today i got a copy of my mortgage report and recommendation they advised on the phone and since my product was fee free the advisor also reserved my interest rate on the phone.

And just waiting for the underwriters to complete their side of things. And its only been 8 days from my initial point of contact.

Happy days

whatyadoinsucka3 h, 14 m ago

Can you easily afford your current mortgage payment, people tend to take …Can you easily afford your current mortgage payment, people tend to take out fixed rate mortgages for protection against rate rises, as with all insurance you will pay a premium for this safety. If you think interest rates will go up then you could save money, timing is key.being on a tracker, long term you will always pay lower interest payments, have less fees and more likely to pay it offquicker as no penalties for overpayment etc i remortgaged and took out out an extended mortgage on a 5 year fix and kept my original mortgage as a base rate tracker. The additional security of the fix cost approx £12 a month .its so unpredictable what will happen in regards interest rates, one thing to see is banks are more than willing to offer long term fixes at very low rates, hence it's unlikely they would do this if they've expected interest rates to rise rapidly in the short term


Ended up switching to a 1.49% tracker through nationwide, took me 5 minutes, no fees and I think I may get £100 as they have something on their site about getting £100 if you stay with them. Overall very happy
10 year fixed rate mortgage @ 2.49% (5y: 1.84%, 2y: 1.59%), no fees, unlimited extra repayments - First Direct
1688°Expired
Found 6th AugFound 6th Aug
10 Year Fixed Repayment Mortgage @ 2.49% ( Link ) 5 Year Fixed Repayment Mortgage @ 1.84% ( Link ) 2 Year Fixed Repayment Mortgage @ 1.59% ( Link ) Maximum LTV… Read more

bingukusa3 h, 28 m ago

Rate is not fixed. Only repayments are


What do you mean by this. Is it just semantics or does it ACTUALLY make a difference. Is this Fixed Rate NOT what it appears to be. Can you please enlighten me as I am just about to go for this.

Rate is not fixed. Only repayments are

What is the most painless or rather least painful option.

Applying online or over the phone?
Edited by: "RAFAVDV" 23rd Aug

ridders1 h, 49 m ago

Is chucking money at SIPP and getting the tax relief a better thing to do …Is chucking money at SIPP and getting the tax relief a better thing to do rather than overpaying on the mortgage?

Well as a general rule you should be putting 15% of your income into retirement and then overpay what you can on your mortgage so you should really be doing both if you can.

jcluk6th Aug

Unlimited overpayments are the clincher for this one. Fantastic way to …Unlimited overpayments are the clincher for this one. Fantastic way to guarantee a great return on your money by saving thousands in interest and get yourself debt free far quicker.

Is chucking money at SIPP and getting the tax relief a better thing to do rather than overpaying on the mortgage?
Fee-Free International Payment by first direct
485°
Found 25th JulFound 25th Jul
This might not have wide appeal to most of the HUKDer's but could be handy if you want to send international payment for free provided you have 1) a first direct account 2) the ben… Read more

Original Poster

faxmax

Where is this? All I see is



Login to your account and you will see the option to send GBP
Edited by: "lhwjud" 26th Jul

marathonic

It does give the option for a sterling transfer. You'd probably need to … It does give the option for a sterling transfer. You'd probably need to check that the receiving bank would accept this as opposed to just bouncing it back.

If you ask us to convert a payment into a different currency before we … If you ask us to convert a payment into a different currency before we send it, we’ll use the first direct Exchange Rate to do this. This is a variable rate that changes frequently, so we’ll confirm the current rate when you make your payment. If you ask us to make a payment immediately, we’ll confirm the exchange rate so you can accept or reject it before your payment’s sent.If you’ve asked us to make an international payment in the future, we’ll convert your payment using the first direct Exchange Rate at the time your payment’s sent.If a payment we’ve converted into a foreign currency is returned or we can’t send your payment after we’ve converted it, we’ll convert it back into Sterling using the first direct Exchange Rate at that time so we can’t guarantee the amount added back to your account will be the same as your original payment amount. You can get details of the first direct Exchange Rate by giving us a call. If you’ve asked us to make an international payment in the future, you can check the first direct Exchange Rate by calling us on the day the payment’s due and you can decide not to go ahead with it if you’re not happy with the rate.



Where is this? All I see is:

rodulett

I see a few on here speaking highly of Transferwise.Anyone know how they … I see a few on here speaking highly of Transferwise.Anyone know how they compare to MoneyCorp ?



Found TransferWise usually has best rates when I sent few x,xxx transfers always compared and it was cheapest and now its even same day some cases depending on when you send it.

Bank rates will be pretty bad but nice to see fee removed.
Edited by: "kiish" 26th Jul

I see a few on here speaking highly of Transferwise.

Anyone know how they compare to MoneyCorp ?
First Direct £125 to switch plus £250 fee free overdraft plus 5% saver
487°Expired
Found 16th MayFound 16th May
For those that are with TSB like me this is not a bad deal! First Direct* has yet again boosted its switching offer from £100 for new customers applying via our link to £125 (£10… Read more

taker

Not surprised. Guess who owns M&S Bank? Yep that's right. HSBC.



That's right but even the two can't compare (i.e. HSBS is great comparing to M&S) ...

Moved there for the incetive and it's sooo painful, can't wait to switch again!

I went through a lot of banks in the process (haven't tried FD yet and maybe a few others) and I think M&S is the worst bank ever (after yourkshire bank) ...

B4rT45

I suppose none of you have tried M&S bank?and that includes not only the … I suppose none of you have tried M&S bank?and that includes not only the app but also the internet banking!



Not surprised. Guess who owns M&S Bank?

Yep that's right. HSBC.

taker

Agree First Direct and HSBC have the worst mobile banking app. It's … Agree First Direct and HSBC have the worst mobile banking app. It's ridiculous, reading the reviews on the App Store for the HSBC app you'd think they pushed their own staff to download it and rate it as 5 stars. Can't do proper banking without going on their desktop site. Good deal though.



I suppose none of you have tried M&S bank?
and that includes not only the app but also the internet banking!

Edited by: "B4rT45" 19th May

rooney10

It obviously shuts down only the account you switch from , details of … It obviously shuts down only the account you switch from , details of which you give them during the switching process , (account number etc) . I would have thought common sense should have told you this , lol.


It's not really THAT obvious is it. The incentive sounds like it's to entice you to leave your current bank.

supermann

We were discussing the effect of closure of old accounts on credit … We were discussing the effect of closure of old accounts on credit scores/ratings.If the account is not recorded by any credit reference agencies then yes it's not going to affect anything but that is pretty obvious and is not what we were really talking about in the first place.



Yes but the suggestion was made (whether by you or someone else I do not recall) that the only reason my credit rating was not harmed was because I had this old account. All I'm saying is that I don't think so because the reference agencies don't seem to know it exists.
supermann

I stated earlier (and you quoted me on it) that when I closed an old … I stated earlier (and you quoted me on it) that when I closed an old account it had a very significant effect on my rating. It is possible that this account closure was not the main problem but that I had switched and opened a brand new account that had no payment history.


Fair enough. What sort of dive did your rating take (or did you just get refused credit you were expecting to get)?

You're right that it's a complex business and it's not helped by the fact lenders never explain themselves when rejecting.
First Direct 0% Balance transfer credit card 27 months - £30 back
392°Expired
Found 8th MayFound 8th May
27 months interest free 2.29% fee £30 back if at least £100 is transferred

akajay07

Seen a couple of these deals getting hot recently and I don't really … Seen a couple of these deals getting hot recently and I don't really understand why when there are plenty of balance transfer cards available with no fee.


The simple answer is that they hope you will either miss a payment and they will charge you, or not pay it off completely over the months that have interest free then they will hammer you with a bill, or they hope you will spend on top of this adding to your outstanding balance, they make money from you somehow. That is how you have to be very disciplined with this as the person mention above.

Seen a couple of these deals getting hot recently and I don't really understand why when there are plenty of balance transfer cards available with no fee.

iAmLegendFam

So I need to be in debt to get this deal..


Or, you could make all your purchases on a credit card anyway. Either because you spend abroad, like the enhanced protection, or most importantly like the cashback a good credit card will offer.

I pay everything on my credit card, i get a lot of cashback every December and with this deal i could get £25 for transferring a small balance over (and paying it at my leisure, i'm not going to because I'm not with FD).

In any case, people have constructive debt in a lot of cases and this can minimize that, people have destructive debt in a lot of cases and this can help manage that.

Every which way, this is a good deal.

iAmLegendFam

So I need to be in debt to get this deal..



Not at all. If I was to make a substantial purchase, I would rather stick it on a 0% credit card and keep the lump of cash in the bank as you never know when you'll need that cash for an emergency like the boiler let go in the house or something.

iAmLegendFam

So I need to be in debt to get this deal..



Yes. Does it mean it's not a deal if it doesn't apply to certain individuals?
First direct 0% Balance Transfer for 27 months (2.29% fee) free £30 cashback if you transfer £100+
-19°Expired
Found 14th AprFound 14th Apr
As said in the title seems a good deal for money shifting... Cashback really stood out though for free monies! Transfer £100 equals 2.90 fee.... Then receive £30 cash back.... £27… Read more

Exisiting customers only op should add that so won't waste my time m&s card has lower fee and get £25 cashback plus 32 months and you do not need to be an exisiting customer hotukdeals.com/dea…420

Original Poster

ichabod05

Minimum fee is £5.00. Read the whole thing!


So that would mean a gaining of £25.00? Still not bad!

To maximise the free money aspect you only need to balance transfer £220, this will cost £5.04 @ 2.29%.
If you receive £30 for the transfer you will be £24.96 up which is an 11.34% gain on your original £220.
Not really worth it though as balance transfer cards are not really for this purpose.

Minimum fee is £5.00. Read the whole thing!

Original Poster

meanmoose

22.90% fee seems excessive lol.


Turns out the deal is a lot better than I originally posted
New Range of First Direct fee-free Mortgages: 5yr fix @ 1.94%, 10 yr fix @ 2.49%
424°Expired
Found 16th FebFound 16th Feb
The headline deals are for 60% LTV but there's a good value 10 year fix available at 75% LTV for 2.64%. However, I'll just talk about the headline deals in this post. The deal lin… Read more

Original Poster

These rates are still available and I've just made the call to make the jump from my First Direct tracker.

Definately a tough call, just ensure you are ready to apply if and when rates start moving, with a low mortgage outstanding probably best to stay on the tracker imho,
as you have said less penalties and flexibility is better, rates aren't gonna jump massively anyway.

Original Poster

There is a lot of uncertainty, that's for sure. A 0.4% premium over my current lifetime tracker rate of 1.54% seems a small price to pay for 5 years of fixed payments. However, my mortgage is relatively low and I could withstand a rise of a few percent.

It's really all a bit of a gamble as most analysts seem to believe we're not due a rise until late 2018 or even 2019. If they rise by 0.5% over the 5 years, my rate will still only be 2.04% and I'll have made savings in the meantime

I think I'll just sit tight, but keep a close eye on things ready to pounce on a fix if things change.
Edited by: "marathonic" 18th Feb

marathonic

Correct me if I'm wrong but were you a First Direct customer on their … Correct me if I'm wrong but were you a First Direct customer on their Base + 1.29% lifetime tracker before now? It was you that posted that deal a long time back.If so, what made you decide to leave the lifetime tracker and why didn't you stay with First Direct who offer the same rate with a lower follow-on, lower ERCs and better allowances for overpayments?I ask because I'm also on the above tracker but considering a fix.


Yeah it could have been me, a Good few years ago, I never went to first direct I was/still am on a similar HSBC life time tracker.

In short, just in the process of moving house and HSBC allow us to port the current outstanding mortgage and its tracker rate and get the difference on a fix, I decided for the additional mortgage required, that at only £12-14 a month for 5 years, we'd get the fix on a slightly higher rate, than have it all on the same rate tracker.

we will hopefully pay off 10% pa on the fix for the next 5 years unless rates go up, in which case we will reduce the lifetime tracker instead..

Weve been chipping away at the mortgage and so the lifetime tracker has worked really well , especially as base rates have stayed low, it's gonna be turbulent few years, so I'm err'ing on the side of caution ..
Edited by: "whatyadoinsucka" 18th Feb

Original Poster

whatyadoinsucka

The five year HSBC fix rate came in a couple of weeks ago, is agreed 2.25 … The five year HSBC fix rate came in a couple of weeks ago, is agreed 2.25 mid jan and then a 15 min call got my rate down to 1.94% .One thing to note. Erc on anything over 10% each year, not unlimited as per some comments above



Correct me if I'm wrong but were you a First Direct customer on their Base + 1.29% lifetime tracker before now? It was you that posted that deal a long time back.

If so, what made you decide to leave the lifetime tracker and why didn't you stay with First Direct who offer the same rate with a lower follow-on, lower ERCs and better allowances for overpayments?

I ask because I'm also on the above tracker but considering a fix.
Edited by: "marathonic" 18th Feb
5 Year Fixed Rate Mortgage 60% LTV: First Direct 2.08% ZERO SIGN UP FEE / PORTABLE
599°Expired
Found 22nd Jul 2016Found 22nd Jul 2016
Early Repayment Charges: 3% in the first year or 2% in any subsequent year. Unlimited over-payments are allowed but if you pay it off in full before the end of the 5-year term, yo… Read more

Original Poster

pKaTz

any good buy to let mortgages out there?



​HSBC do some good rates. There's very little on the market unless you have a minimum 25% deposit

Original Poster

pKaTz

so if I said I was going to live in the house and then rent it out, what … so if I said I was going to live in the house and then rent it out, what would happen?



they'll want to be listed on the insurance policy. ​if you take out landlords insurance, they'll question it. if you take out normal insurance, you're not insured.

any good buy to let mortgages out there?

so if I said I was going to live in the house and then rent it out, what would happen?

Original Poster

pKaTz

is it possible to get this mortgage if you intend to rent a property out?



First Direct don't do BTL mortgages at all.
5 Year Fixed Rate Mortgage 60% LTV: First Direct 2.39% ZERO SIGN UP FEE / PORTABLE (2.29% loyal rate if you have mortgage with FD)
670°Expired
Found 8th Apr 2016Found 8th Apr 2016
Didn't think was to bad if you want to know what your paying every month for 5 years without any worries. Zero sign up fee too Early repayment charges, whilst present, are not to … Read more

swoodworm

Seems to be a big debate on overpaying mortgage or using savers accounts. … Seems to be a big debate on overpaying mortgage or using savers accounts. I would use the following calculators to see what works besthttp://www.moneysavingexpert.com/mortgages/mortgage-overpayment-calculator#http://www.moneysupermarket.com/savings/calculator/



There sure is, it's difficult to get your head around as a lot of the number quoted are for like £20,000 so if your mortgage was only £20,000 at say 2.5% then you probably would be better off keeping your £20,000 in an account getting a better interest rate e.g. 3%. As I understand it though, if you'd got a mortgage of £150,000, unless you have £150,000 in an account getting a better interest rate I don't see how anyone can think you are better off not overpaying on it as the amount of money you will save just overpaying a bit will make a huge difference as well as shortening your mortgage term. You can't compare interest on £150,000 (mortgage) against £20,000 (in a bank account) as it's not apples for apples!

Do First Direct or HSBC do help to buy on new houses?

I called FD today to arrange new deal. They will call me back in... two weeks.
Comparing to my old deal I should save at least £900 over next five years. After five years if everything goes well I should pay off my existing mortgage.

Thank you.

I think the broker that moneysavingexpert recommend is London and Country. They dont charge a fee as they get a back hander off the mortgage provider for your custom. They are not whole of market brokers thou. I originally asked them for advice and ended up finding a better deal that they couldnt get me.
First Direct offers £150 for switching your current account
832°Expired
Found 20th Feb 2016Found 20th Feb 2016
First Direct offers £150 for switching your current account

Slashed to 100 from £150

Got mine within about 2 weeks

Original Poster

I got mine in less than 10 days

how long did people wait for their bonus? mine switched on 5/2 and transferred 1k in on 11/2 and still nothing

£100 now. Expire
10 year fixed rate mortgage 60% LTV: First Direct 2.89%
1788°Expired
Found 14th Feb 2016Found 14th Feb 2016
Excellent deal. Most past deals have had pretty high fees. This one is fee-free. I don't think rates will rise for quite a while but 2.89% is a great rate for 10 years peace of mi… Read more

Berylthebargainhunter

Just spoken to first direct - they've pulled their 10 year fixed mortgage.



Yup **** ... Just looked as well ... There 5 year one is still there.

Just spoken to first direct - they've pulled their 10 year fixed mortgage.

Just spoken to first direct - they've pulled their 10 year fixed mortgage.

http://www.hotukdeals.com/deals/10-year-fixed-rate-mortgage-65-ltv-leeds-building-society-2-75-2411054

...this is still available... £1499 setup fee but with a 2.75% rate over 10 years may work out cheaper depending on the size of your mortgage obviously, and especially if you don't add the fee to your motgage

Yep not offering this anymore. Managed to secure my rate. Should be transferred over by end of the month. Glad I rang them before end of March

They currently offer a decent 5 year fix at 2.39% but I'm still confident this is the one to go for.