About First Direct Loans and Mortgages!

Top UK Lenders

Are you are interested in First Direct loans or First Direct mortgages? Loan Seeker cannot arrange First Direct loan or mortgage products as it is not tied to the First Direct lending group. This article may interest anyone looking for First Direct loans mortgages.

About First Direct

With 1.2 million customers and an impressive presence in the world of Internet banking, First Direct has continually made strides ever since they first turned a profit in 1995. In the United Kingdom, First Direct is situated in Leeds and Hamilton, where according to MORI and Research International, the bank has become the most recommended financial resource in the U.K. for more than 15 years.

One of the most unique aspects of First Direct is how in tune the company is with changing trends regarding technology and business. More than 885,000 First Direct customers are using Internet banking, wherein the company also boasts the title as the largest text-messaging bank in the United Kingdom. Millions of text messages reach First Direct customers on a monthly basis. The bulk of customer contact and sales also comes from electronic means and via e-channels.

Over the years, First Direct has solidified their position as one of the most recognizable and forward-thinking banking institutions in the U.K. The company has also earned several awards in the process, including the Best Direct Lender over 5 Years in February 2007.

First Direct Loan Products

For customers looking for a personal loans, a First Direct loan provides a typical rate of 7.9% APR for loans between £5,000 and £25,000. With a First Direct loan, the final rate one receives is based upon personal circumstances, overall credit assessment, and other factors. It is important to take note that when a customer already possesses a loan with First Direct, a minimum borrowing amount of £3,000 is expected.

When visiting the First Direct website, a handy Personal Loan calculator is available to help figure out the details. First Direct loan applications can be completed online, but for those who wish to enter the process with the help of a live customer representative, there is a convenient phone number to call. Customers who wish to borrow more than £25,000 must speak with a First Direct representative also.

A benefit to receiving a First Direct loan is the protection (or insurance) offered to customers. When illness, sickness, unemployment, hardship, or death affects the ability to make loan repayments, the First Direct Personal Loan Protection Plan is there to lend a helping hand. The cover assists customers who are involved in an accident, are sick or have involuntarily lost their job. With this option, there are requirements one must meet in order to qualify for the Protection Plan, such as working at least 16 hours per week.

First Direct Mortgage Products

A First Direct mortgage provides many different benefits when one chooses between a life tracker and offset First Direct mortgage. Both options offer the chance for customers to repay their mortgage early and make unlimited overpayments – no matter how large or minute they might be. The First Direct offset mortgage allows consumers to link their current account balance and daily balance in savings to their mortgage, where the only interest paid is on the difference.

Additionally, First Direct mortgage rates are portable, meaning when you relocate to a new home, the mortgage rate you have grown accustomed to will also follow (without any extra fees). First Direct mortgage customers also have the advantage of choosing the monthly repayment date that suits their personal needs. Supplementary benefits to consider with a First Direct mortgage include fixed payments, adaptability with repayments, and award-winning service.

First Direct and Loan-Seeker.co.uk

Loan-Seeker.co.uk is not an affiliate company of First Direct and does not actively promote First Direct loan and First Direct mortgage products. At this time Loan-Seeker.co.uk does not work for the First Direct Group in any way, although Loan-seeker.co.uk may at any time in the future decide to introduce visitors to this site to First Direct loan, remortgage and/or mortgage products such as the following:

As an independent finance introducer website, Loan-Seeker.co.uk has agreements with various lending companies. We choose lending partners aaccording to the terms and deals they offer. First Direct can only offer people First Direct loan and mortgage plans, so you cannot be sure that you will get the loan quote that is the best and most appropriate for you. But, if you would like a mortgage or loan from First Direct, visit their website here: www.firstdirect.com.