Remortgaging with first direct

Coming to the end of your current mortgage with someone else? Or simply want to find a better deal? Here are just a few reasons why you should remortgage with us…
Find a mortgage for you

1. Save money

Interest rates change regularly, which means it might be a good time to review the rate on your current deal. If new rates are lower, this could lower your mortgage repayments and potentially save you some cash each month. 

2. Remortgage and release equity

Instead of moving to a bigger house, you might be thinking about an extension or conversion. Remortgaging could be a way to pay for this. By borrowing extra funds you can release some equity in your property at the same time.

 

If you want to release equity to pay off other debts instead, it’s important to remember the amount you owe on your mortgage will go up but the value of your home may not.

 

Make sure you fully understand the risks of borrowing on your mortgage and that you can afford the new monthly payments. Your home may be repossessed if you don’t keep up with your repayments.

3. Change in circumstances

Has your income gone up or down, or are you going through a major life event? If you find your financial circumstances have changed recently you may decide that it’s time to review your mortgage. 

 

Find a mortgage for you

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

Mortgage guides

Wherever you are on the property ladder, we’ve got guides to help answer your questions and jog your memory on all things mortgages.

Interest rate change calculator

A handy tool to see how interest rate changes are likely to affect what your monthly payments are.
Use our interest rate change calculator

Overpayment calculator

With first direct you can make unlimited overpayments. Regular overpayments will mean you pay less interest overall, and pay off your mortgage quicker – find out how much with our overpayments calculator.
Find out more about overpayments

Existing customers

Whatever you need, we’re here to help with your mortgage day or night, on our App or over the phone.
Support for existing customers

Our mortgages explained

We have lots of different mortgage options, from Repayment mortgage to Fixed, Tracker and Standard Variable Rate. If you’re not sure what any of this means, we can help.
Explore mortgage types