2 Year Tracker Mortgages

Compare 2 Year Tracker Mortgage Deals

2 Year TRACKER deal »NatWest Mortgages

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1.84%Reverts to 3.99% after 2 years


Overall Cost for Comparison 3.80% APRC. This is the cost of the mortgage over the full term. Early redemption charges may apply.

Provider

Type

Initial Interest Rate

Initial Term

Max LTV*Product Fee 
Tracker

1.84%

Reverts to 3.99%

2

Years

60%

YesMore Info >
Early redemption charges may apply. Overall Cost for Comparison 3.80% APRC. This is the cost of the mortgage over the full term.
Tracker

1.84%

Reverts to 3.99%

2

Years

60%

YesMore Info >
Early redemption charges may apply. Overall Cost for Comparison 3.80% APRC. This is the cost of the mortgage over the full term.
Tracker

2.04%

Reverts to 3.99%

2

Years

70%

YesMore Info >
Early redemption charges may apply. Overall Cost for Comparison 3.80% APRC. This is the cost of the mortgage over the full term.
Tracker

2.07%

Reverts to 3.99%

2

Years

75%

YesMore Info >
Early redemption charges may apply. Overall Cost for Comparison 3.80% APRC. This is the cost of the mortgage over the full term.
Tracker

2.24%

Reverts to 4.79%

2

Years

70%

NoMore Info >
Early redemption charges may apply. Overall Cost for Comparison 4.30% APRC. This is the cost of the mortgage over the full term.
Tracker

2.44%

Reverts to 4.79%

2

Years

80%

YesMore Info >
Early redemption charges may apply. Overall Cost for Comparison 4.30% APRC. This is the cost of the mortgage over the full term.
Lifetime Tracker

4.49%

Lifetime of the mortgage

90%

NoMore Info >
Early redemption charges may apply. Overall Cost for Comparison 4.60% APRC. This is the cost of the mortgage over the full term.

Representative Example:


A repayment mortgage of £120,000 payable over 28 years and 1 month initially on a fixed rate for 2 years at 1.99% and then on the lender current variable rate of 3.69% (variable) for the remaining 26 years and 1 month would require 24 monthly payments of £465.20 and 312 monthly payments of £565.39 and one final payment of £565.19.


The total amount payable would be £189,357.67 made up of the loan amount plus interest (£68,161.67), booking fee (£999), completion fee (£30) and valuation fee (£197).


In this example the overall cost for comparison is 3.7% APRC representative.


YOUR HOME MAY BE REPOSSESSED IF YOU DO NOT KEEP UP REPAYMENTS ON YOUR MORTGAGE.

Tracker mortgages are variable rate loans that follow the bank of England’s base rate. The amount you pay monthly for your mortgage will depend on whether the levels of interest rise fall or remain static. For many, a 2 year tracker mortgage is the preferred type of mortgage deal. There are a few reasons why a tracker mortgage may benefit you: 

  • Mortgage lenders will not be able to influence the interest rates.
  • Monthly repayments could work out lower if interest rates are low for a sustained period of time.
  • Some tracker mortgage deals will come with benefits and discounts.
  • Because it only lasts for 2 years, a tracker mortgage is not a long term commitment. It you are not satisfied with the mortgage deal, you can change it quickly.


Of course, there are some disadvantages to taking out a 2 year tracker mortgage as well: 

  • If interest rates are high, you may end up paying more monthly, which makes them unpredictable.
  • There are usually charges for early repayments.
  • Those on a strict budget may find it difficult to plan their finances around a tracker mortgage.


Alternatively, you may want to consider a fixed rate mortgage where you are able to make the same monthly repayments regardless of the rates of interest. Because the payments are fixed, you can easily include them into your budget and you know how much you will need to spend each month.


If you are looking for a 2 year tracker rate mortgage, there are many different mortgage lenders that could help you. Comparing tracker rate mortgages will help you to get a better picture of the type of mortgage that would most suit you.


Our comparison tables below provide you with a few different two year tracker rate mortgages that you may want to take a look at.

Which? Mortgage Service
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YOUR HOME MAY BE REPOSSESSED IF YOU DO NOT KEEP UP REPAYMENTS ON YOUR MORTGAGE.

The above mortgage products highlighted on this website are available directly through lenders who will be able to provide further information about the product you are interested in. If you are unsure about what mortgage product is suitable for you, we suggest you speak to an independent mortgage broker