Lenders

First National – UK Mortgage Lender

First National, part of GE Money, started trading in the UK in 2005. Mortgage products are marketed through intermediaries.

Mortgage Products

Fixed Rate Mortgages: 2 year and 3 year fixed rate mortgages and remortgages.

Discount Mortgages: 1 year and 2 year discounted rate mortgages and remortgages.

Buy To Let Mortgages: 3 year fixed rate mortgages up to £500,000.

Providing a no frills basic service for clients through GE Money, First National deals entirely through intermediaries meaning that customers wishing to take a First National mortgage will have to do so through an independent broker. All application processes are also completed through the broker, meaning that direct contact with First National is in fact very limited.

The advantage of this system is that First National can operate in an entirely cost effective manner due to the reduced administration costs and can therefore offer discount rates on to the customer.

Since its opening, First National has extended its range to offer near prime mortgages for those who have previously suffered from financial difficulties. So much so that First National has won the award for Best Adverse Credit provider for several years running.

First National also offers a range of unsecured loans for home improvements and for overseas purchases. There is also a range of overseas mortgages available including British sterling mortgages for overseas purchases.

Website: www.firstnat.co.uk