First Active adjusts rates

Rates for the lender's two-year fixed rate remortgages will be cut on Monday 21 January, whilst that of its two-year discount rate product will be increased.

Its 'online only' two-year fix will drop from 5.95 per cent to 5.59 per cent, whilst its standard two-year fixed rate will decrease from 6.04 per cent to 5.69 per cent.

Its two-year discount rate will increase to 5.99 per cent, from its previous level of 5.65 per cent.

There are no basic legal or valuation fees for residential remortgages and overpayments of up to 10 per cent of the original balance are permitted each year during the initial period.