Base Rate Tracker Mortgages
There are a range of different base rate tracker mortgage deals available. See below for examples:
- 2 year tracker mortgages
- 3 years
- 5 years
If you are searching for a suitable base rate tracker mortgage rates you may wish to see our mortgage comparisons above for information on the various offers that are available.
Using this type of agreement, customers will have the interest rates on their mortgage adjusted by the Bank of England, and not by their mortgage provider, unlike a fixed or variable rate mortgage. Once the loan has been taken out, interest rates will change on a monthly basis and will instead rely more on the UK economy rather than the policies of the provider. Customers may even wish to consider a lifetime base rate tracker mortgage agreement. If you are unsure of what mortgage is right for you, you should seek independent financial advice. Call our mortgage team on 0117 332 6063.
Although base rate tracker mortgages may seem very reliable in some circumstances, it is worth remembering that these rates may be subject to change at any time. As these rates are set by the Bank of England, it is well worth considering the current and predicted economic climate before taking out a tracker mortgage. As an alternative to the variable rates that are offered by many providers, it may be easier to predict any changes that may be made by the bank of England, although budgeting for monthly payments may be difficult at times.