Mortgages

Amend your existing online application

If you’ve recently applied for your first direct mortgage online and wish to make any amendments to your application, you’re able to change the following online:

  • loan amount
  • mortgage term
  • mortgage type (i.e. change from offset to repayment only)
  • interest rate (e.g. change from fixed, tracker or standard variable)

In order to make amendments, you’ll need to:

1. Use our ‘Find a mortgage for you’ tool to find the mortgage you would now wish to change to – remembering to select ‘Amending an existing application’ in the ‘I am..’ field.

2. Once you’ve selected the mortgage, you’ll then need to click on ‘Full details’, followed by ‘How to Apply’.

3. Then simply follow the on-screen instructions.

Please Note: You'll need to complete a new mortgage application if you want to make any other amendments to your online mortgage application or if your application was submitted over five months ago. If you do not wish to amend your interest rate, but cannot find the interest rate you originally applied for, please call us on 03 456 100 103.

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Important Notes

first direct Offset Mortgages are interest only mortgages. The monthly payments shown on the next screen will cover only the interest charged on your mortgage.

This payment does not cover an amount that you need to pay to a repayment strategy. You are responsible for making your own arrangements to repay your mortgage at the end of the mortgage term.

You must demonstrate that you have a suitable repayment strategy in place. You may choose to use an endowment policy or another investment or savings plan.

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Easy guide to getting started

We know that buying a new home isn’t something you do very often and the process may not be all that familiar to you. We’ve put together this visual guide to help you get started.

Let’s get moving.

Take a look at this infographic we’ve put together to walk you through our mortgage process.

  1. Start saving
    for a deposit.
    Yesterday, ideally.
    You’ll normally need at least 10% of the property value
  2. Figure out those other not-so-little costs. Conveyancer, stamp duty (depending on the price of your property), removal men, new cushions… Take a look at this
    useful stamp duty calculator to help.
  3. Use handy tools offered by your bank (hello) to work out how much you could borrow. We’ve got a very useful one right here
  4. Figure out where you want to live. Nice view? Decent Chippy? Are any schools nearby?
    Find out using this link
  5. Consider what you want from a house. Doors and windows — essential. Waterslide — optional.
  6. Use sites like Rightmove and Zoopla to get an idea of
    what you can afford.
  7. Befriend the local estate agents. Get in their good books so they’ll let you know of any good houses that come on the market before they are listed on the internet.
  8. Look at some houses.
    Do some detective work and ask lots of questions.
  9. Make an offer on the one you love. Offer lower than you’d like to pay and don’t be afraid to haggle. Now sit and wait nervously.
  10. While doing that, research some mortgages using handy
    online tools
  11. Book a phone appointment and get some straightforward, expert advice on our mortgages. Then start your application.
  12. Choose a conveyancer. It’s worth ringing round a few to get some quotes, or
    using a conveyancer comparison site.
  13. Get an Agreement in Principle (AIP), accept and return your offer then your mortgage company will value your property. You can get a professional report on the condition of the property. Read it and see what works may be required — and whether there are any hidden surprises.
  14. Your conveyancer will carry out all of the required searches and checks and liaise with the seller’s conveyancer to agree any documentation.
  15. If everyone’s happy, your conveyancer will exchange contracts on your new home.
  16. When completed you can pick up the keys. Exciting!
  17. Remember to take meter readings at your old and new property before you fully move in.
  18. Move in.
    Extra exciting!
  19. Change your address, re-direct your mail and tell your mum you’ve moved.
  20. Invite us round to the housewarming party.

Your home may be repossessed if you do not keep up repayments on your mortgage.

Looking for a mortgage? Quickly search our wide range to find those that may be available to you.