Tracker Mortgage: Definition, Pros & Cons

January 25, 2025 ⚊ 1 Min read ⚊ Views 5 ⚊ 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.

Read details: https://mountviewfs.co.uk/tracker-mortgage-definition-pros-cons/

Tags: Mortgage Agreement, Mortgage Deal

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