Tracker mortgage information

Tailored rates with firstmortgage.co.uk

You can find tracker mortgage information with First Mortgage - the impartial broker you can bank on.

We specialise in scouring the whole of the market for the best deals in the UK, finding the best tracker offers. If you need further tracker mortgage information, read on. Alternatively, call us now on 0845 603 1525 to talk to one of our experienced, friendly team about your current situation and for more information.

Find tracker mortgage information with First Mortgage

How do tracker mortgages work?

Trackers follow the ups and downs of the interest base rate. Usually, your rate is set at an agreed percentage above the base rate (for example 0.5% above) for a set period. Some tracker deals last for the entire mortgage term (lifetime trackers), but most have a specified period before returning to fixed or standard variable rates.

Need more tracker mortgage information?

A tracker mortgage could be the best choice for you, but it’s worth considering the following pieces of information before making a decision:

 When the base interest rate falls, this is reflected in your reduced payments

 Of course, if there in an increase in interest from the Bank of England, then your monthly payments will increase too

 Your deal may have early repayment or switch penalties

 Some deals have a set minimum interest rate, so if the base rate fall below this amount you won’t see the benefit

 You can usually find lower rates with standard deals

 There is usually a cap on how much more you will pay above the base rate

Find tracker rate mortgages information

Call us on 0845 603 1525 for a free consultation with one of our friendly and experienced team. We are happy to help you with tracker mortgage information and advice.

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