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First Active caps for two years


First Active is launching a two-year capped-rate flexible mortgage.


The rate is capped at 5.99 per cent for loans up to 75 per cent loan to value, increasing to 6.49 per cent for loans up to 85 per cent and 6.99 per cent up to 95 per cent loan to value.


It has no mortgage indemnity or redemption fees, but has an application fee ranging from £172 to £369 depending on the size of the loan.


The loan which has a cheque book and cash card facility has no compulsory insurances.

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