Best First Direct Remortgage Deals 2026

Yes — uniquely among major UK lenders, First Direct allows unlimited overpayments on its fixed-rate mortgages with no early repayment charge. You can put a bonus, inheritance or any windfall straight onto the mortgage at any time, saving interest, without the 10% annual cap that other lenders apply. This makes First Direct ideal for anyone who expects lump sums or wants to overpay aggressively.

Yes, for the right borrower. It combines competitive rates, exceptional customer service (it consistently tops UK satisfaction surveys), and unlimited penalty-free overpayments. It suits clean-credit borrowers comfortable with digital/phone banking. It's less ideal for complex income or adverse credit, where its strict automated criteria (shared with HSBC Group) may decline.

No — First Direct is a digital and telephone bank with no branches. All mortgage applications and servicing are handled online, via app, or by phone. This keeps its costs (and rates) competitive, and its phone service is highly rated. If you prefer in-branch service, a high-street lender like Halifax, Santander or Nationwide may suit you better.

First Direct is owned by HSBC but operates as a separate brand with its own products, rates and service. They share some underwriting criteria but are priced independently. First Direct's unique selling point is unlimited no-ERC overpayments; HSBC's is its broader range and Premier large-loan capability. Compare both for your profile — the cheaper varies.

First Direct is best for clean-credit borrowers who want competitive rates plus maximum flexibility — particularly anyone expecting lump sums (bonuses, inheritance, share schemes) who wants to overpay without penalty, and those who value top-tier customer service and are comfortable with digital/phone banking. It's not ideal for complex income, adverse credit, or those who want branches.

Yes — First Direct offers lifetime tracker mortgages that track the Bank of England base rate with no early repayment charge and unlimited overpayments. Combined with its no-ERC fixed deals, this makes First Direct's product range the most flexible in the UK market. The trackers suit borrowers who expect rates to fall or who prioritise flexibility over payment certainty.