First Active - Irish Mortgage Lender Profiles

First Active is part of Royal Bank of Scotland (who also own Ulster Bank). While part of the same group, First Active offer different mortgage products, with different rates, than their sister bank, Ulster Bank.

Apply for approval with First Active (& up to 8 other lenders) or call 1890 44 66 44 to speak to a mortgage consultant.

Loan to Value:  

• First Time Buyers: 90% Mortgages
  
  
• Owner Occupiers: 90% Mortgages
  
  
• Refinancing: 80% Mortgages
  
  
• Buy to Let (in City areas): 50% Mortgages.
  
  
• Buy to Let Exclusions: First Active will not offer Buy to Let mortgages on 1 bedroom apartments

100% Mortgages:  

• Their 100% mortgage product has been withdrawn. 95% mortgages are available for first time buyers.
  

Mortgage Terms:

• First Time Buyers & Owner Occupiers: Up to 40 years
  
  
• Buy to Let: Up to 25 years
  
  
• Age on completion must be 70 years or less

Flexible Options - Offset Mortgage

• Offset Flexible Mortgage
  They offset the balances in your current account and Instant Access Savings Account(s) against your mortgage balance, thus reducing the amount of money you pay interest on.
  

Who will First Active appeal to?

• People who generally have a lot of extra cash in their current account, who would like to get the cash to work for them, while still having access to it, should consider the Offset Mortgage.

Who will First Active not appeal to?

• People with a lot of existing loans:
  People with significant existing loan commitments will usually qualify for a bigger mortgage with some of the other lenders.
  
  
• People in a hurry:
  The service in First Active can be slow, so if you need your letter of offer or cheque issued quickly, you should consider another lender.
  
  
• Property Investors :
  If you are buying a property to let, especially outside one of the main cities, First Active will not be attractive, as you will you will be able to borrow a maximum of 50% - 70%, depending on the property location.
  
  
• Existing Customers who want to Top Up their mortgage :
  First Active have introducted fees for people who want to top up their mortgages.
  

If you want to apply for a mortgage with First Active, why should you apply through Mortgages Direct?

• Independent Mortgage Brokers
  Mortgages Direct are independent mortgage advisers, so they'll be able to review your details, and see if First Active will offer the best package or if a more suitable one is available for you with another lender. 
  
  
• No Broker Fees
  Because Mortgages Direct get their fees paid by the mortgage lenders, they do not charge you a fee.
  
  
• Low Cost Legal Fees.  
  Refinancing: €1299 all in, flat fee or alternatively you can use your own solicitor
  Buying a home: €947 + vat + outlay or alternatively you can use your own solicitor
  
  
• Price Match Guarantee.
  Mortgages Direct guarantee to match the cheapest mortgage protection quote offered by 8 of the leading insurance companies in Ireland (including Irish Life, Friends First, Caledonian Life, Eagle Star, etc) - so you should save money on your mortgage protection insurance too.
  
  
• Well Trained Staff
  The mortgage consultants are very experienced, know what the lenders like and dislike, so they'll find the right lender, at the right price and take a lot of the hard work out of your hands.  
  
  Arranging a mortgage can be a full time job, but it doesn't need to be your job....

Apply for approval with First Active (& up to 8 other lenders) or call 1890 44 66 44 to speak to a mortgage consultant.

Most Popular Articles:

• Buying a Home - Step by Step
• Mortgage Application Process
  
• Rates & Costs
• Do I Need a deposit?
  
• Which type of mortgage is best for me?
• How Much Can I Borrow?
• Would I Be Approved?
• Approval in Principle - Why it's so Important
• Online Mortgage Application
  
  
• Mortage Lender Profiles

Mortgages Direct Ltd t/a Mortgages Direct is regulated by the Financial Regulator.