Tracker Mortgages
What is a
Tracker Mortgage? Is a Tracker Mortgage Right
For Me?
A
tracker mortgage is a variable rate
mortgage which
always follows the Bank of England’s Base Rate for
the whole of the mortgage term, so your
payments will change in accordance with external
market interest rates. Any rate changes are usually
immediate, so you will quickly benefit from any
potential changes, plus the rate on your tracker
mortgage always maintains the same
differential between the rate you pay and the
interest rate set by the Bank of England.
There are a number of companies who offer
further
information on Tracker Mortgages. Use our free
mortgage
calculators before undertaking a new mortgage or
transferring an existing mortgage to make sure you
have got the best possible mortgage deal.
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