Compare Tracker Mortgages rates
Tracker
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Tracker mortgages

A tracker mortgage is generally worked out as the base rate plus a certain percentage – perhaps 1.5% to 3%. So in general, when the base rate goes up or down, so will your mortgage.

However, it is not always tied to the base rate as it can also be linked to LIBOR (the London Interbank Offered Rate) which is the rate that banks use to lend to each other.

The major advantage of tracker mortgages is that when interest rates are low, borrowers can benefit from low mortgage payments. However, there is always a risk that interest rates could go up so if you are contemplating taking out a tracker mortgage you need to ensure you will be able to keep up with your mortgage repayments even if interest rates rise.

The minimum length of time for a tracker is two years.

You can compare tracker mortgages in our tables below.

 
 
Lender Initial Rate Duration Standard Rate Overall Cost For Comparison Max Loan To Value Fee
1.99%2 years3.94%3.7% APRNA£1499
2.45%2 years5.69%5.4% APR75%£999
2.49%2 years4.99%4.7% APR70%£499
2.59%3 Years4.99%4.4% APRNA£598
2.65%2 Years5.69%5.5% APR75%£999
2.69%2 years4.99%5% APR75%£795
2.75%2 years5.49%5.1% APR80%£95
2.75%To Mar 20145.95%5.6% APR70%£374
2.79%To Mar 20144.99%4.8% APR75%Nil
4.49%3 years5.44%5.4% APR90%Nil
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