Mortgage Types

Fixed and Variable Rate Mortgages

The interest rate option you choose, i.e. fixed or variable, is up to you. Rates rise and fall, so to help you get a good deal, First Active gives you the option of a fixed or variable rate. For instance, if interest rates are low, you may choose a fixed rate option and enjoy fixed repayments (of course, variable interest rates can always drop below a fixed rate). On the other hand, if interest rates are high, a variable rate option lets you take advantage of any reductions that may occur during the term of your mortgage.*

Variable rate mortgages also offer you the flexibility to make overpayments and lump sum payments to your mortgage, so any extra money you may have can help you reduce the amount of mortgage interest you pay.

Find out more about our flexible repayment options

First Active currently have two variable rate options depending on the Loan to Value of the mortgage you require.

View our current rates

If you are unsure if which option to choose - the security of a fixed rate or the flexibility of a variable rate – don’t worry, First Active offers an option with the best of both worlds – the 50:50 mortgage.

You can Split your rate – 50% fixed and 50% variable giving you peace of mind and flexibility with one mortgage.

Find out more about our 50:50 mortgage

* If rates rise during the term of the mortgage, monthly repayments may increase.

WARNING: YOUR HOME IS AT RISK IF YOU DO NOT KEEP UP PAYMENTS ON A MORTGAGE OR ANY OTHER LOAN SECURED ON IT.

WARNING: THE PAYMENT RATES ON THIS HOUSING LOAN MAY BE ADJUSTED BY THE LENDER FROM TIME TO TIME.

FIXED RATE LOANS: YOU MAY HAVE TO PAY CHARGES IF YOU PAY OFF A FIXED-RATE LOAN EARLY.