First Active, the new mortgage provider from the RBS group which launched this month with two low rate mortgages in England, Scotland and Wales, has welcomed aboard its first customers.
Sold exclusively through intermediaries, First Active offers a two-year discount mortgage and a five-year stepped mortgage with rates that start low and stay competitive in the long-term.
Both mortgages are being sold exclusively through intermediaries. They track the Bank of England base rate and offer competitive intermediary procurement fees.
The first clients, Charles Hunt and Joanna Felstead, were sold a two-year discount mortgage by an intermediary from Bradford & Bingley in Loughborough.
The intermediary Nick Parker says: “It is great to be able to say that I sold the first mortgage nationwide from First Active. I suggested the product because it was the best fit for the client's needs. I wanted a forward-thinking lender whose criteria was geared for today's first-time buyers. The client was delighted as the rates are low and the product suits their lifestyle perfectly.”
Louis Kaszczak, national partnership manager, says: “First Active's products are receiving a positive response from intermediaries. This follows on from our research that shows intermediaries believe that a discounted initial rate and low long-term rates linked to the BoE rate are among the most important features of a mortgage. On top of that, good service is paramount.”