First Active reduces mortgage rates

  • Story by: Catherine Couch
  • Magazine: MortgageAdviser
  • Published Friday , May 16, 2008

First Active is the latest in a series of lenders to reduce the rates on its mortgage products.

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The lender has reduced the rate on its two-year fixed rate online only remortgage from 6.29 per cent to 6.19 per cent.

It comes with a maximum loan-to-value (LTV) of 75 per cent and a £999 arrangement fee.

The news comes as Abbey announced it was reducing the interest rates on all of its flexible and tracker rate mortgages by 0.05 per cent and its fixed rate products by up to 0.17 per cent.

Yesterday, NatWest also reduced interest rates on two of its buy-to-let (BTL) products.