First Direct Statements + Mortgage Brokers Workflow
As mortgage broker, you regularly handle First Direct bank statements. Mortgage brokers need to verify income and spending from bank statements when assessing affordability for lender applications.
BankScan AI: First Direct to Excel for Mortgage Brokers
BankScan AI converts First Direct statements to Excel automatically — handling DD MMM YYYY and minimalist single-column layout with transaction type codes and running balance, similar to HSBC but with simplified headers. Instantly convert applicant bank statements to Excel to verify income, identify regular commitments, and prepare affordability summaries.
About First Direct Statement Format
First Direct statements follow an HSBC-family format but with a distinct minimalist layout. BankScan AI detects the variant automatically.
First Direct Statement Quirks
First Direct uses DD MMM YYYY with minimalist single-column layout with transaction type codes and running balance, similar to HSBC but with simplified headers. Common issues: The minimalist layout omits some metadata present in standard HSBC statements, telephone banking transaction references use abbreviated codes, and the PDF uses a clean sans-serif font that differs from HSBC's standard. BankScan AI handles all of these automatically.
How Mortgage Brokers Handle First Direct Statements
When working with First Direct statements, mortgage brokers need to Mortgage brokers request 3-6 months of bank statements from applicants, review them for regular income deposits, identify committed expenditure such as loans and subscriptions, flag gambling transacti
Key terms you'll encounter: affordability assessment, committed expenditure, income verification, debt-to-income ratio, source of deposit.
How It Works
Upload First Direct statement
Drag and drop your First Direct PDF. Supports PDF. Our AI handles DD MMM YYYY automatically.
AI parses the statement
Our AI understands First Direct's minimalist single-column layout with transaction type codes and running balance, similar to HSBC but with simplified headers and extracts every transaction with 99%+ accuracy.
Use in your mortgage brokers workflow
Download Excel ready for Mortgage Brain, Twenty7Tec or direct analysis.
First Direct + Mortgage Brokers Features
- Minimalist header design — distinct from parent HSBC despite sharing underlying transaction codes
- Regular Saver account — transactions appear alongside current account entries
- Built for Mortgage Brokers — Saves 30-45 minutes per mortgage application on statement review, which adds up to 5+ hours per week during busy periods with 8-10 applications in progress
- Software compatible — Output works directly with Mortgage Brain, Twenty7Tec, Excel
Convert First Direct Statements — Built for Mortgage Brokers
Handles DD MMM YYYY dates, minimalist single-column layout with transaction type codes and running balance, similar to HSBC but with simplified headers, and PDF formats automatically.
Convert First Direct Statements Free