Repayment Mortgage

A straightforward mortgage where your monthly payments cover both interest and part of the capital. Whilst giving you the flexibility to overpay whenever you like.

• gives you security that, as long as you make your monthly payments, your mortgage will be repaid in full at the end of the term
• you can make unlimited overpayments
• early repayment charges may apply depending on the product chosen
• you can borrow over terms of between 2 and 40 years
• see our latest fixed and variable Repayment Mortgage offers.

The Repayment Mortgage is a simple, straightforward capital repayment mortgage which must be repaid over a pre-agreed term. It gives you peace of mind that, as long as you make your monthly payments, your mortgage will be repaid in full at the end of the term.

You simply set up a monthly standing order from a nominated first direct 1st Account to cover the capital and interest repayments.

An admin closure fee of £149 is payable on closure of the mortgage. This fee is waived if you are transferring to another first direct mortgage product.

Your home may be repossessed if you do not keep up repayments on your mortgage.