Lifetime Tracker Mortgages
Tracking Bank of England base rates for the term of the mortgage, lifetime tracker mortgages can provide several features:
- Tracking Bank of England rates means that you will be able to take advantage of savings if interest rates drop, although you will also face increased charges if they rise.
- Flexibility may be offered to make overpayments and thus repay the loan early without incurring additional charges.
A lifetime mortgage is something different. Also known as equity release, lifetime mortgages allow people over the age of 50 to release equity from their home.
If you require independent mortgage advice on lifetime tracker mortgage options please complete our short mortgage enquiry form or call our mortgage team on 0117 332 6063.