5 Year Tracker Mortgages

Compare 5 Year Tracker Mortgages

2 Year TRACKER deal »NatWest Mortgages

Call NatWest FREE on 0800 158 2934

1.59%Reverts to 3.75% 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.

Compare 5 year tracker mortgages - use our mortgage tables below to see a selection of market leading mortgage deals - alternatively if you need advice - call our independent mortgage team on 0117 332 6063.

Provider

Type

Initial Interest Rate

Initial Term

Max LTV*Product Fee 
Tracker

1.59%

Reverts to 3.75%

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

1.59%

Reverts to 3.75%

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

1.79%

Reverts to 3.75%

2

Years

70%

YesMore Info >
Early redemption charges may apply. Overall Cost for Comparison 3.90% APRC. This is the cost of the mortgage over the full term.
Tracker

1.82%

Reverts to 3.75%

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

1.99%

Reverts to 4.54%

2

Years

70%

NoMore Info >
Early redemption charges may apply. Overall Cost for Comparison 4.00% APRC. This is the cost of the mortgage over the full term.
Tracker

2.19%

Reverts to 4.54%

2

Years

80%

YesMore Info >
Early redemption charges may apply. Overall Cost for Comparison 4.10% APRC. This is the cost of the mortgage over the full term.
Lifetime Tracker

4.24%

Lifetime of the mortgage

90%

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.

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.

5 Year Mortgage Tracker Mortgages

There are many lenders who may be able to offer you a tracker rate mortgages for 5 years, however it also possible to obtain a range of policies that last for 1, 2 and 3 years as well. Tracker rate mortgages are dependent on the bank of England’s current base rate. The amount you pay per month in terms of interest may rise and fall accordingly.

 

A 5 year tracker rate mortgage could be seen by some as a risky way to manage your mortgage repayments. However, there are some benefits to taking out a tracker mortgage and they still quite a popular mortgage choice. Some reasons for why they are seen as advantageous could be:

  • Repayments could be cheaper if interest rates are low.
  • There is more ability to predict the interest rate decisions of the bank of England as opposed to individual lenders. 
  • Initial costs are generally less expensive that with a fixed rate mortgage.
     

Take a look at our mortgage comparison table above for some of the latest 5 year tracker mortgages that are available on the market - alternatively if you require advice please call our mortgage team on 0117 332 6063.

For some, the risk of taking out a 5 year tracker rate mortgage is too great. If you are thinking about taking out a tracker mortgage you should consider the possibilities that:

  • Costs could be high if interest rates rise.
  • 5 years may seem like a long time to be bound to your tracker rate mortgage repayments.
  • You are required to have good budgeting skills and a lot of financial discipline with a tracker rate mortgage.

 

There are numerous options available to you if you are looking to take out a 5 year tracker rate mortgage. A range of institutions including banks, building societies and insurance companies may also provide you with similar policies and alternatives.

 

Comparing mortgage deals is the key to discovering the most suitable and cost effective mortgages for you.

Independent Mortgage Quotes & Advice Service
Mortgage ServiceIndependent Mortgage AdviceMortgage Quotes Tailored to youFast Track ServiceMortgage Protection ReviewGet Quotes
yesyesyesyesMore Info >

Call 0117 332 6063

to speak to the Fair Mortgages team.

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