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I've just taken a look at First Direct offset mortgages and they're offering the same rates, but FD charge £500 less for the arrangement fee (the better FD rates have a hefty £1999 arrangement fee). The other thing that puts me off First Direct mortgages are that they're interest-only mortgages...
I bank with First Direct and when I phoned them up about switching my mortgage to them they would only count my salary, not dividends, as valid income. Seemed a bit silly to me. Maybe it was the particular person I was speaking to.
Have you or anyone else had success with First Direct recently?
My current mortgage will soon be switching to the standard variable rate so I'm starting to look at remortgaging, particularly offset mortgages. I like the look of Scottish Widows, especially because they look contractor-friendly:
Adviser confirmation | Scottish Widows Extranet
Does anyone...