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First Direct
Newest Review: ... in the application form online and within minutes I was contacted by an agent from First Direct. He went through the form and the app... more |
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Switching to a First Direct SmartMortgage (First Direct)
Member Name: kjprice
Advantages: Straightforward, Efficient, Competitive Disadvantages: None
I have recently switched to a First Direct SmartMortgage in order to escape from the rather punitive interest rates of another mortgage provider. First Direct were the first place I looked. I have banked with them for many years and they have been consistently helpful and reliable. I wanted one of the new style mortgages which are linked with a current account and/or savings account in order to reduce the amount of interest payable. This is exactly what SmartMortgage is. The interest rate is a low 4.75% and I effectively receive this on my savings and on any money lying around is my bank account too. The rate is linked to the Bank of England's base rate so you now that it's not going to suddenly become uncompetitive. Interest is also charged on a daily basis which means that you can make additional payments at any time and reap the benefits immediately. Summary: |
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(14 members total) Overall rating: Useful Last comments:
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