Tracker Mortgage

How does it work?

The First Active Tracker Mortgage has an interest rate that follows the European Central Bank (ECB) base rate. We add a fixed percentage, set when you apply for your mortgage and remaining the same until the mortgage has been entirely repaid.

What's in it for me?

• You'll benefit from any fall in the ECB base rate - though bear in mind that if the ECB base rate rises, so will your mortgage interest rate
• You can save money in the short-term (up to ten years) by taking out the Interest Only repayment option.

Who can apply for a First Active Tracker Mortgage?

Any personal home owner - whether you are a first time buyer, moving home, investing in property or you simply want to change your current mortgage, and you are borrowing a minimum of €50,000. Please note that the First Active Tracker Mortgage is not available for commercial purposes.

Residential Mortgage Tracker
Loan to Value	Fixed percentage applied above the ECB base rate for the life of the Tracker Mortgage
Less than or equal to 80%	1.95%
Greater than 80%	2.15%
Buy to Let Tracker
Less than or equal to 80%	2.15%

Important: Please read the Regulatory & Legal information attached to this product.