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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Repayment mortgages

Our Repayment Mortgage is a straightforward capital repayment mortgage. Your monthly payments cover both interest and part of the capital, which means that as long as you make all of your monthly payments on time, your mortgage will be repaid in full at the end of the term.

Here's an example of how a repayment mortgage works:

Jenny and Peter borrowed £100,000 to buy their new home and chose to repay this over a 25 year term.

Illustration of repayment mortgage example

The mortgage payment example provided is for illustration purposes only.

Every month they make regular payments of £528, which covers the interest charges on their loan of 3.99% as well as part of the capital. The outstanding balance reduces with every payment.

Then at the end of the 25 year term they have would have paid off their mortgage in full (so long as they made their payments each month).

Key features

  • gives you peace of mind and security that, as long as you make all of your monthly payments on time, your mortgage will be paid in full at the end of the term
  • you can make unlimited overpayments, per month, annually or in a lump sum, whenever you choose, which can help you save money on interest charges and pay your mortgage off faster. However, Early Repayment Charges may apply depending on the type of mortgage rate chosen and if you choose to fully repay your mortgage during the initial rate period
  • you can borrow over terms of between 2 and 40 years
  • the minimum amount you can borrow with a Repayment mortgage is £10,000.

Things to bear in mind

  • an Early Repayment Charge may apply depending on the interest rate chosen if you choose to fully repay your mortgage early
  • we do not lend for business purposes or Buy to Let.

Find a mortgage for you

Quickly search our wide range of mortgages to find those that may be available to you.

Find a mortgage

Think carefully before securing other debts against your home. Your home may be repossessed if you do not keep up repayments on your mortgage.

† Our Mortgage Team is available Mon to Fri 8am to 10pm, Sat 8am to 8pm and Sun 9am to 8pm