Mortgage Commentary

Latest mortgage rate deals

James Caldwell / 23 May 2012

Mortgage rates are constantly changing and the deals available from one week to the next make finding the best mortgage rate for your circumstances not always an easy task. We have put together a se... Read more

Over £250 billion of UK Mortgages not covered by life insurance

Colm Hebblethwaite / 09 November 2011

A large number of people in the UK have taken out a mortgage in order to get their feet firmly on the property ladder, but a new study has shown that a substantial amount of these people do not have... Read more

104% increase in buy to let mortgage deals over the last three years

Colm Hebblethwaite / 27 October 2011

New statistics released by Defaqto have revealed that the amount of buy to let mortgage deals on the market has risen by 104% since 2008. In October 2008, there were 237 buy to let mortgage pr... Read more

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First Time Buyer Deals - Get a Quote »

First Time Buyer Tracker Mortgages

First time buyer tracker mortgages offer you a way of benefiting from any falls in the base rate. They might be suitable for you if you are not on a tight budget, and could afford it if your mortgage payments rose, which you should be prepared for with tracker mortgages. To compare our selection of the latest first time buyer tracker mortgages deals, from a range of leading providers, see the table below and get quotes.

Tracker Mortgages for First Time Buyers

Initial Rate	Provider	Term	Type	APR*	LTV
3.19%		2 Years	Tracker	4.10%	75%	More Info >
3.19%	£999 product fee. Call 0800 1582934 to speak to a NatWest mortgage specialist.					More Info >
3.19%		2 Years	Tracker	4.10%	75%	More Info >
3.19%	£999 product fee. Call 0800 068 7624 to speak to an RBS mortgage specialist.					More Info >
3.69%		2 Years	Tracker	4.20%	80%	More Info >
3.69%	£999 product fee. Call 0800 1582934 to speak to a NatWest mortgage specialist.					More Info >
3.69%		2 Years	Tracker	4.20%	80%	More Info >
3.69%	£999 product fee. Call 0800 068 7624 to speak to an RBS mortgage specialist.					More Info >
3.79%		2 Years	Tracker	4.50%	85%	More Info >
3.79%	£995 arrangement fee. Call 0808 168 45 88 to speak to a Post Office mortgage specialist.					More Info >
5.09%		2 Years	Tracker	4.80%	90%	More Info >
5.09%	£995 arrangement fee. Call 0808 168 45 88 to speak to a Post Office mortgage specialist.					More Info >

*APR = Overall Cost for Comparison

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

The above mortgage products are a selection of deals 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

Mortgage Deal Selection - Call Lender Direct

Initial Rate	Provider	Term	Type	APR*	LTV
2.69%		2 Years	Tracker	4.00%	60%	More Info >
2.69%	£999 product fee. Call 0800 1582934 to speak to a NatWest mortgage specialist.					More Info >
2.69%		2 Years	Tracker	4.00%	60%	More Info >
2.69%	£999 product fee. Call 0800 068 7624 to speak to an RBS mortgage specialist.					More Info >
3.09%		2 years	Tracker	4.40%	75%	More Info >
3.09%	£995 arrangement fee. Call 0808 168 45 88 to speak to a Post Office mortgage specialist.					More Info >
3.49%		2 Years	Fixed Rate	4.50%	80%	More Info >
3.49%	£995 Product fee. Call 0808 168 45 88 to speak to a Post Office morgage specialist.					More Info >
3.79%		2 Years	Fixed Rate	4.50%	85%	More Info >
3.79%	£995 Product fee. Call 0808 168 45 88 to speak to a Post Office morgage specialist.					More Info >

*APR = Overall Cost for Comparison

Compare Tracker Mortgages

For most first time buyers, finding the correct mortgage is hugely important to ensure that they will get the most out of their investment. One of the first decisions to make as you seek out a mortgage is the type of mortgage that you require. A first time buyer tracker mortgage is an example that you may be considering.

Depending on your circumstances there will be a range of mortgage lenders who could offer you competitive quotes for a first time buyer tracker mortgage. To find the best deal on your mortgage, it is advisable to compare quotes from a number of providers. You might therefore find the comparison tables above helpful as you search for a first time buyer mortgage:

A first time buyer tracker mortgage has interest rates that are linked to the Bank of England base interest rate. Therefore, the interest rate of your mortgage could move up or down in correlation with this. For many people, a first time buyer tracker mortgage has the following pros and cons:

Pros

When the base interest rate is low, the interest rate on your tracker mortgage will also be
Interest rates tend to be lower than lender’s Standard Variable Rates (SVR)
You could pay less interest than on a fixed rate mortgage, depending on the base interest rate

Cons

The interest rate on your tracker mortgage could increase with the base interest rate
As the interest rate is variable, it may be harder for you to work out your long term budgets
You may be subject to early repayment charges should you wish to make overpayments

As you look for a suitable first time buyer tracker mortgage, it is advisable to compare what each different provider could offer you before opting for a particular mortgage deal.