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Tracker Rate Mortgages
Your home may be repossessed if you do not keep up your payments
Link your interest to the Bank of England Base Rate
A Tracker Rate Mortgage fixes your interest rate at a set percentage above the Bank of England Base Rate and tracks it – your interest rate will go up and down by as much as the Bank of England Base Rate changes.
Key features
- The interest rate is variable and is an agreed percentage above the Bank of England Base Rate
- your monthly payments will change if and when the Bank of England adjusts the Base Rate
- you can apply a Tracker Rate to either a Repayment or Offset Mortgage, with various tracker periods
- you can make unlimited overpayments whenever you choose without any Early Repayment Charges
- at the end of the Tracker Rate period, your mortgage rate will revert to our Standard Variable Rate unless you switch to another interest rate.
Find a Tracker Rate Mortgage for you
Think carefully before securing other debts against your home. Your home may be repossessed if you don't keep up repayments on your mortgage.
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Would a Fixed Rate be better for you?
Fixed interest rates are set for an agreed time for example 2 or 5 years, so you know exactly what you’re paying each month.
Or a Standard Variable Rate?
Your interest rate is set by us and may vary from time to time, over the life of the mortgage.