We offer two types of mortgage: Repayment and Offset, and for each of these types of mortgage there are different types of interest rate.
Our Fixed Rate mortgage gives you the security of fixed mortgage payments until an agreed date, no matter what happens to interest rates generally.
- your rate is fixed for the duration of the fixed rate period, for example 2 or 5 years hence, meaning that your monthly payments remain the same regardless of what happens to interest rates generally during this period
- first direct offers various fixed rate terms. At the end of the fixed rate period, your mortgage rate will revert to the standard variable rate unless you successfully apply for another rate
- you are able to make unlimited over payments to your mortgage whenever you choose
- An Early Repayment Charge may apply if you choose to fully repay your mortgage during the fixed rate period.
Fixed rate mortgage funding is limited and offers may be withdrawn at any time without notice.