You are in section Home Mortgages Mortgage & rate types Tracker Rate Mortgages
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
- your interest rate is variable and is set at an agreed percentage above the Bank of England Base Rate
- your monthly payments will change when the Bank of England Base Rate changes
- ability to change your rate at any point with no fees
- no Early Repayment Charges or Closure Fees
- you can make unlimited overpayments to your mortgage whenever you like – with no Early Repayment Charge if you repay your whole mortgage at any point.
- this rate is portable, meaning you can move this rate to a new property in the future * subject to assessment and criteria
- available on Repayment and Offset Mortgages
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.
You may also like
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.