Base rate mortgage tracker deals
Providers may also offer this type of agreement as a starting interest rate deal for a number of years, often at a discounted price for a set period of time. Although it should be remembered that interest rates will be subject to change according to the policy of the provider, something that may be difficult to predict.
A base rate mortgage deal may also refer to the highly popular ‘tracker mortgage’ type of interest rate deal. This mortgage agreement will have its interest rates set by the provider, but any changes to these rates will then be made according to the current financial climate, and not according to the policy of the lender.
Every month the Bank of England may adjust its base interest rates and tracker mortgages will then have their rates adjusted as this fluctuates. Although this may seem like something of a gamble, these rates are generally easier to predict than the variable rates that are set by many providers.
If you are interested in a base rate mortgage which tracks the Bank of England's base rate, see our selection of the latest tracker mortgages in the table below.
A base rate mortgage means that when the base interest rate is low, your mortgage rate will be low, but when it rises, so too will your mortgage repayments.
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Find out if a base rate mortgage deal is right for you and compare deals. If you require mortgage advice call our independent mortgage team on 0117 332 6063.