First Active has announced reductions in its new business fixed rate mortgages. The reductions apply from the two year fixed rate through to the 10 year fixed rate.
First Active says the lender now offers the lowest two, three and four year fixed rate in Ireland.
The two year fixed rate has dropped from 5.45% to 4.89%, while the three year fixed rate falls to 5.29% from 5.59% and the four year fixed rate stand at 5.69% - down from 5.89%.
The 10 year fixed rate falls from 6.59% to 6.39%.
The new rates also apply to First Active's Utopia Split term, where a customer can consolidate a range of borrowings at home loan rates but pay back the loan over two different terms.
