Tracker Rate mortgages
We have a selection of Tracker Rate mortgages to choose from. Each one sets your interest rate at an agreed amount over the current Bank of England (BoE or UKBBR) base rate 0.75%. As the name suggests, your mortgage then tracks this rate for a fixed amount of time.
How does it work?
- Your interest rates will go up or down in line with any changes to the BoE Base Rate.
- Should the BoE base rate go up, your mortgage repayment will increase as well.
- Should the BoE base rate go down, your mortgage repayment will decrease as well.
- In months where mortgage payments fall – and your chosen mortgage allows – you have the option to over-pay. This helps pay off your mortgage quicker.
You can choose from applying online** or over the phone. Use our mortgage calculator and get a decision in principle today.