Tracker Mortgages
Tracker mortgage overview
Tracker mortgages utilise the Bank of England Base rate and apply interest to the initial loan at a defined variable from this figure. A tracker mortgage is available for a fixed period or the life time of the loan. The most common tracker rate period is 2 years, though many mortgage lenders now offer 3 year, 5 year and even 10 year track rate mortgages. If the tracker rate is for a set period of time the mortgage will revert to the lenders standard variable rate at the end of the tracker rate period.
Tracker mortgage best buys
Best buy tables show the best tracker mortgage arrangements available at that particular time. It is important when looking at tracker mortgage best buy tables to understand the timeframe that the data relates to along with the number of schemes that were searched to find tracker mortgage best buy result. An independent will provide a personalised best buy comparison by searching all arrangements available. This ensures that you can find the arrangement that best fits your needs.
Free tracker mortgage consultations
Our aim is clear, to provide tracker mortgage advice that best fits our clients’ needs. We are able to do this as we are fully independent. We search the entire market to recommend the right product. We offer free consultations to allow you to discuss your tracker mortgage requirements with us. During this consultation, our financial advisers will discuss every element of the particular mortgage arrangement to allow you to make an informed decision as to the best way forward. To arrange your free consultation please click the following link > Mortgage broker consultation.
