Base Rate Tracker Mortgages

A base rate tracker mortgage is one whose interest rates follow any changes made in the Bank of England base rate. The base rate is reviewed by the Monetary Policy Committee of the Bank of England once per month.

The actual difference between the base rate and the rate of interest in a base rate tracker mortgage is determined when the mortgage is taken out. It usually varies from a quarter to a whole percentage point.

Base rate tracker mortgages are popular both due to their relative stability in terms of interest rates and also their potentially lower rates of interest compared to fixed rate mortgages when the mortgage is purchased.

Initial Rate	Type	Period To	Provider	The Overall Cost For Comparison APR	LTV
5.59%	Standard	Jul 2033	Northern Bank Ltd	6.00%	75%	More
5.69%	Standard	Jul 2033	HSBC	5.90%	90%	More
5.74%	Standard	Jul 2011	Nationwide Building Society	6.40%	75%	More
5.75%	Standard	Jul 2033	Norwich & Peterborough B.Soc.	5.90%	90%	More
5.79%	Standard	Jul 2033	HSBC	6.00%	90%	More
5.79%	Standard	Jul 2033	Northern Bank Ltd	6.00%	90%	More
5.79%	Standard	Jul 2033	Northern Bank Ltd	6.10%	90%	More