We are 24/7 independent, Whole of market mortgage brokers

  • Free Professional Consultation without obligation
  • Independent & Whole of Market
  • Hundreds of Mortgages to choose from

Tracker Rate Mortgages

Tracker Image

Tracker mortgages are a type of variable interest rate mortgage. But they differ from some other variable rate mortgages because a tracker mortgage follows - or tracks - another interest rate.

Usually, tracker rate mortgages track the base rate set by the Bank of England. And the base rate is the minimum interest rate set by the Bank of England. This type of tracker mortgage is often the best.

There are other types of tracker products, such as a LIBOR tracker, which stands for London Interbank Offered Rate.

Tracker mortgages are sometimes confused with other types of mortgages, such as discounted and variable mortgages. Let's take a look at how these two products differ from a tracker mortgage

A discounted mortgage means that the lender discounts the interest rate below its standard variable rate. At any given time, the lender may decide to increase the discounted rate, even if the Bank of England base rate does not change. Conversely, a lender does not have to pass on to borrowers any cuts in the Bank of England base rate

With a variable interest rate mortgage, your repayments are set by a bank's variable rate. This means that you are subject to any interest rate changes (up or down) they make.

Tracker rate mortgages generally appeal to people who want a slightly more competitively priced product and who are comfortable knowing that their mortgage payments could increase at any given time.

It's important to realise that the cheapest tracker mortgage deals are not always those with the lowest rates. The lowest mortgage rates often have the highest fees lurking in the background!

For more advice on the best tracker deals available on the market today, contact us.

Online Mortgage Enquiry

Calling us or entering your information onto our webform will require us to process your personal data. Please refer to our Privacy Policy for further details.
Money Icon

Your home may be repossessed if you do not keep up repayments on your mortgage.
By filling in the form on this page you are agreeing to be contacted by a professional mortgage advisor.

Building 3, City West Business Park, Gelderd Road,
Leeds, LS12 6LX

Call Back Request Form

Calling us or entering your information onto our webform will require us to process your personal data. Please refer to our Privacy Policy for further details.

Get your free professional consultation without obligation

A qualified professional mortgage advisor will contact you to discuss your requirements. When you're ready to proceed, your advisor will help find the best options for your specific circumstances.

Our Satisfied Clients

santander
natwest
woolwich
newcastle
aldermore
coventry
furness
leeds
precise_mortgage
nationwide

Whole Of Market Mortgage Advice

We are 24/7 independent, Whole Of Market Mortgage Brokers

1

Free Professional
Consultatation without obligation

2

Independent & Whole of Market

3

Hundreds of
Mortgages to choose from

Get in touch!

Calling us or entering your information onto our webform will require us to process your personal data. Please refer to our Privacy Policy for further details

Our Company:

Building 3, City West Business Park,
Gelderd Road, Leeds, LS12 6LX
0113 815 0484
close

Contact Form

Name :
Phone :
Email :
Your Message :
Calling us or entering your information onto our webform will require us to process your personal data. Please refer to our Privacy Policy for further details.