First Active has cut its two and three year fixed rate mortgages for both new and existing customers to 3.59 per cent and 3.69 per cent respectively.
Repayments on a €100,000 mortgage over 20 years will fall from €597.58 to €584.60 for customers on the two year fixed rate and from €600.20 to €589.77 to those borrowing on the three year fixed rate.
The lender now claims to be offering the lowest rate and cost per thousand on three year fixed rate mortgages on the Irish market.