Tracker Mortgage: Definition, Pros & Cons
January 25, 2025 ⚊ 1 Min read ⚊ Views 7 ⚊ BUSINESS
A tracker mortgage is a particular kind of variable-rate mortgage that follows the base rate set by the Bank of England as its central interest rate. The interest rate on a tracker mortgage changes in tandem with changes in the base rate. A tracker mortgage is a type of variable rate mortgage that follows a specific base rate, typically the Bank of England’s base rate, plus a set margin. This means your mortgage payments can increase or decrease when the base rate changes. For expert guidance on tracker mortgages, consider consulting Mountview Financial Solutions, a reputable mortgage broker in London, who can help you navigate the process and find the best deals.
Tags: Mortgage Agreement, Mortgage Deal
