Mortgages

Amend an existing application

You can make the following amendments to your first direct online mortgage application:

  • Loans amount
  • Mortgage term
  • Mortgage type (i.e. change from Offset to Repayment only)
  • Interest rate (e.g. change to Fixed, Tracker or Standard Variable)

In order to make amendments you'll need to:

1. Use our 'compare our mortgages' tool to find the mortgage that you would now wish to change to – remembering to select 'Amending an existing application'

2. Select 'Further info' followed by 'Apply Now'

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 5 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 08 456 100 103.

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Overpayment calculator



The overpayments calculator is designed to provide you with an illustration of how much interest you could save and how much quicker you could pay off your repayment mortgage, if you made regular overpayments to your mortgage each month.

Warning - the information provided by this tool is for illustrative purposes only and is not a precise calculation. This information does not include all of the details that you need to select a mortgage or compare mortgages. Make sure you read the separate Key Facts Illustration before you choose a mortgage.

 

Your mortgage details


Please enter a mortgage
amount between
£10,000 and £2,000,000.
Please enter a mortgage term
between 2 and 40 years.
Please enter an interest rate
between 0.25 and 15%.
Please enter a monthly
overpayment
between £0 and £5,000.
and year(s) month(s)

Making a monthly overpayment
of £   could save you:
 
 
   
 
   
 
 
 
 

The benefits of overpaying

With overpayments Without overpayments
Monthly repayment   Monthly repayment  
Interest   Interest  
Click here to view the flash version of this tool

 

Calculator Assumptions

  • Interest rate - the calculator assumes that the interest rate will remain the same for the term of the mortgage
  • Length of month - months are of equal length and are set at 30.4 days so the monthly interest will not differ
  • Rounding of repayment amounts - amounts are rounded up or down accordingly for display purposes
  • Rounding of time saved - the time saved is presented as year/month saved. The figure is rounded down to the closest month.
  • Interest - interest is calculated daily and added monthly
  • Amount of interest saved - interest saved is rounded up or down accordingly for display purposes
  • Overpayments - the calculator assumes that the overpayments illustrated remain constant throughout the term of the mortgage and are made on a monthly basis. If overpayments are made on an adhoc basis, this will reduce the amount of interest paid but not the loan term.
  • The calculator does not factor in any charges for early repayments.

Warning - the information provided by this tool is for illustrative purposes only and is not a precise calculation. This information does not include all of the details you need to make an overpayment or choose a mortgage. Make sure you read the separate Key Facts Illustration before you choose a mortgage.


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


Have a question?

Contact us

If you're new to first direct

0800 48 24 48


first direct account holders

08 456 100 103


first direct mortgage holders

08 456 100 173




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