Tracker Mortgages

Tracker Mortgages

Tracker Mortgages Explained...

Tracker Rate Mortgages move in line usually with the Bank of England Base Rate. The rate set depends on the mortgage lender and can be either higher or lower than the Bank of England base rate, occasionally these rates will be for a initial period of between 2-5 years.

Some mortgage lenders will set a minimum rate to which the mortgage can go, however there is no limit to how high it will go. This particular deal is great for buyers who can afford to pay the higher rates should the rates go up.

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Online Mortgage Calculators

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Your home may be repossessed if you do not keep up repayments on a mortgage or other loans secured on it. Think carefully before securing other debts against your homes.