Your home may be repossessed if you do not keep up repayments on your mortgage.
Get a Mortgage Quote · Mortgage Help Desk · Mortgage Calculators
Tracker Mortgages
Tracker Mortgages
These are the most transparent type of variable mortgages. Very simply, interest is linked to an externally controlled rate (Bank of England Base Rate, European Central Bank Base Rate or LIBOR. As the interest rate is controlled externally the mortgage company has to pass on any alteration in the interest charged to the borrower. This is a distinct advantage in a period of interest rate reductions. UK Tracker Mortgages are usually linked to Bank of England Base Rate or LIBOR.
Please be aware You may have to pay an early repayment charge if you want to redeem your mortgage within the special tracker rate term.
| Previous : Variable Mortgages | Next : Capped Rate Mortgages |
- RICS website
- Housing Corporation
- Council of Mortgage Lenders (CML)
- Experian Credit Expert
- Metropolitan Police Crime Prevention
Neither Mortgage Meadow or Home of Choice is responsible for the information contained within these external sites.