Home Mortgages Mortgage & rate types Tracker Rate Mortgages

Tracker Rate Mortgages

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 do not 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.

Find out more about Fixed Rate Mortgages

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.

Learn more about Standard Variable Rates