Online future for mortgages says bank

Online future for mortgages says bank

Your privacy is important to us. By sending this you agree that only First Choice Finance may use these details to contact you. Any data we hold for you will be handled in accordance with our PRIVACY NOTICE.
Highest Loan To Value Purchase Mortgages And Remortgages - Low Rate Loans From £5,000 To £150,000 - Release Your Equity With An Equity Release Plan

Video transcript

The number of people getting their next mortgage online, as opposed to face-to-face, is set to double in the coming months and years, according to a new survey.

HSBC has found that while 16 per cent of homeowners went in-store to get their current home loan deal, 33 per cent indicate that their next one will be done on the internet, with almost two-thirds (63 per cent) of these believing it to be a quicker option.

That`s not the only thing that online mortgage purchases have going for them, with more than half (54 per cent) noting that it`s more convenient than having to go into the branch and 43 per cent believing it to be a less costly option.

The consumer direct lender found that younger homeowners are more likely to buy online, with 53 per cent planning on doing so, while regionally, Londoners are the most likely to sort out a deal from the comfort of their own home.

First Choice Finance is a mortgage broker with access to many lenders. HSBC do not deal with mortgage brokers however you can get many mortgages through us, including many high street providers. We will give you advice too, which protects you if later on it transpires you were not given a suitable product for your circumstances. You can start your mortgage journey online or by telephone and do not need to visit our branch, we can get everything done by internet, post and phone so you won`t need to travel.

If you want to find out what online mortgages we can advise upon give our in house advisers a call on 0800 298 3000, or on your mobile dial 0333 003 1505. If you want to go via the internet then visit firsthchoicefinance.co.uk and fill in our on line enquiry form.

Return to the video homepage


Homeowner Secured Loans
9.8% APRC. Representative example: Borrow £50,000 over 180 months. 60 months at 8.1%, £497.83 pcm fixed at 60% LTV. Then 120 months at 10.1%, £539.89 pcm variable. Total payable £94,656.60. Total cost of credit £44,656.60 (including: £795 lender fee, £985 broker fee & £42,876.60 interest). First Choice are tied to certain loan providers.

Mortgages & Remortgages
8.4% APRC.
Representative Example: Borrow £120,000 over 25 years at 5.99%, £778.86 pcm fixed for 3 years at 60% LTV. Then at 8.75%, £974.86 pcm, variable for 22 years. Total payable £286,416. Total cost of credit £166,416 (including: £985 broker fee, £999 lender fee & £164,432 interest)


Unsecured Personal Loans
REPRESENTATIVE 49.9% APR (VARIABLE)
First Choice are tied to certain unsecured lenders.


THINK CAREFULLY BEFORE SECURING OTHER DEBTS AGAINST YOUR HOME.
YOUR HOME MAY BE REPOSSESSED IF YOU DO NOT KEEP UP REPAYMENTS ON A MORTGAGE OR ANY OTHER DEBT SECURED ON IT.
Security is required on immovable property.



Late repayment can cause you serious money problems. For help, go to moneyhelper.org.uk

Established In 1988. Company Registration Number 2316399. Authorised & Regulated By The Financial Conduct Authority (FCA). Firm Reference Number 302981. Mortgages & Homeowner Secured Loans Are Secured On Your Home. We Advice Upon & Arrange Mortgages & Loans. We Are Not A Lender.

First Choice Finance is a trading style of First Choice Funding Limited of 54, Wybersley Road, High Lane, Stockport, SK6 8HB. Copyright protected.

First Choice Finance - Reviews

Read Our Genuine Reviews


This website uses cookies. Find out more

Loan Plans