Fixed rate
mortgages have been repriced at
First Active, with reduced
mortgage rates available on three of the
mortgage lender's products.
Following a
mortgage rate cut of 0.18 per cent, the
mortgage rate of the
two-year fixed rate mortgage is now set at 4.55 per cent. This mortgage rate will be fixed until March 31st 2008, reports Mortgage Introducer.
A 0.29 per cent mortgage rate reduction applies to the five-year
fixed rate mortgage, which now offers
a mortgage rate of 4.7 per cent until the end of March 2011.
The mortgage lender's
buy-to-let mortgage rate has also been lowered. First Active's
buy-to-let mortgage over a two-year period now has a mortgage rate of 5.24 per cent.
This is 0.18 per cent lower than the previous mortgage rate of 5.42 per cent.
First Active, which was launched as
a mortgage lender in June 2004, offers fixed rate mortgage,
discount mortgages and
stepped mortgages via
mortgage intermediaries, the phone or the mortgage lender's website.
The
mortgage lender says it offers "low
rates upfront" and claims that the
lifetime rates after the introductory period are "very competitive".
No extended tie-in periods apply and all the mortgage lender's deals are available to new and existing customers.
