Tracker Mortgage
A tracker mortgage differs from a variable rate mortgage in that the interest rate tracks the bank base rate set by the Bank of England. This means that all cuts in base rates are automatically passed on to the borrower, which isn't always the case with a variable rate mortgage.
A tracker mortgage can range from 0.5 - 2.0 percent above bank of England base rate and it will be set for an agreed period.
If you would like advice from an Independent Mortgage broker in your area on a tracker mortgage submit your details below.
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THINK CAREFULLY BEFORE SECURING OTHER DEBT AGAINST YOUR HOME
YOUR HOME MAY BE REPOSSESSED IF YOU DO NOT KEEP UP REPAYMENTS ON A MORTGAGE
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