Anyone used First Active

Dunkyboy_2 · 25 March 2005 at 6:49PM

First Active seem to be advertising strongly at the moment, has anybody used them.
We will be looking for a new tracker in June (like loads of other people), and are currently with the Nationwide, but am prepared to change.
Thanks.

knuckledragger · 25 March 2005 at 9:35PM

Dunkyboy,
One of my workmates is in the process of changing to First Active. He says that the transition is going smoothly and found the staff to be very helpful.
Why don't you remortgage with Egg fee free for 6 months at 4.24% then look to move to something more permanent after that. Depending on the size of your loan this could make you a tidy saving.

Dunkyboy_2 · 26 March 2005 at 12:58PM

thanks, will look into this. :j

Froggitt · 27 March 2005 at 11:49PM

I like the look of their 4.75% base rate tracker for 5 years......or 3 years if you fancy.

luckyfool · 28 March 2005 at 12:40AM

Remortgaging quickly in succession just for the lower rate doesnt always make sense as lenders will always charge a Deeds release or Admin fee when you leave, even if you are not in a penalty period. This can vary from £100 - £300!

Also re First Actives 5yr Base Rate Tracker - while an attractive option it does have a floor on the rate of 4%, unlike the 2 and 3 year deals. Also First Active products are not portable, while you can move house without penalty you would have to take your chances on what products they are offering at that time and take one of them to avoid forking out the 2% penalty.

dirtyred619 · 30 March 2005 at 8:25PM

Hi All

First time poster but been viewing the site and forums for awhile

I quite like the look of this First Active 5yr Base Rate Tracker mortgage and am myself waiting for the application form to come through the post so that I can take on this mortgage. The only slight drawback I can see from my point of view being a first time buyer is that its variable and so I was wondering does anybody know how interest rates have been fairing of late and if theres been any rumblings of them rising in the near future?

Froggitt · 27 April 2005 at 1:12PM

Rumours of a rise after the election. However believed to be nearing the top of the rate cycle.

Lemoncurd · 27 April 2005 at 2:14PM

We applied for their 3yr actual base rate tracker a couple of weeks ago but don't have much experience of them yet. Was quite impressed that they agreed to lend "in principle" over the phone whereas for other lenders the process seemed a lot longer just to get a quick idea.
Luckyfool - interesting that you say that their products aren't portable, this was one of the questions I asked and was told that it was portable. They didn't mention any changes in product or terms. I'll have to look into this more.

Compensationitis · 27 April 2005 at 9:20PM

They are good at finding secret messages behind dusty cupboards in an old lady's living room and digging up ancient hermits to amuse us with.

Lemoncurd · 6 May 2005 at 5:05PM

I'm getting the impression that their service levels aren't great at the moment. Our mortgage arranger sounds quite frustrated with them and says they've had trouble getting information out of them recently and that they're very busy. Our application is still waiting for an underwriter to look at it 3 weeks on.

c_smith · 6 May 2005 at 8:55PM

I remortgaged with them last month - took out their 5 year base rate tracker. Everything went smoothly and the whole process was very simple. All I done was apply online and they done the rest.

I found their staff to be very helpful and it took less than a month from application to completion.

I'm more than happy with their service.

Anyone used First Active

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