Tracker Remortgage

A tracker remortgage follows the Bank of England’s Base Rate. This means that your payments will change in accordance with external market interest rates and you will benefit from any potential changes. While budgeting can be difficult as the monthly repayments can go up and down in line with the lender’s mortgage rate, a tracker remortgage offers:

• The same differential between the rate you pay and the interest rate set by the Bank of England
• A low rate if the base drops which will mean lower repayments

If you want to remortgage you home for whatever reason, a tracker remortgage provides you with a fluctuating base rate which can often work out as a good option, particularly if the base rate falls. If you want to get the best deals on the market, it is worth getting a number of quotes to compare.