Tracker mortgage quotes

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Find a tracker mortgage quote with First Mortgage - the impartial broker you can bank on.

Tracker mortgages follow the Bank of England’s base interest rate, rising and falling in line with rate changes. We search the whole of the market for the very best deals. Call us now on 0845 603 1525 for a tracker mortgage quote.

Find a tracker mortgage quote with First Mortgage

How do tracker mortgages work?

Tracker rate mortgages are currently one of the most popular options with buyers across the UK. With this type of deal your rates change according to fluctuations in the interest base rate (set by the Bank of England). With most lenders you will be offered a deal set a small percentage above the base rate. It’s most common for the tracker period to last only a few years, but it is possible to arrange what is known as a “lifetime tracker“ for the whole duration of the loan term.

Find a tracker mortgage quote...

Before you arrange a tracker mortgage quote, you might want to consider the following points about this type of deal:

 If the base rate falls, then your interest payments are reduced

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

 However, if the base rate rises, then so do your monthly payments

 Your deal may have early repayment or switch penalties

 Some lenders have a set minimum interest rate, meaning that if the base rate falls below this you won’t see the benefit

 Unlike with variable mortgages, you’re not vulnerable to changes in interest rates by the lender themselves

Find a tracker rate mortgage quote

Call us on 0845 603 1525 for a free quote and consultation with one of our friendly and experienced team. You may also want to learn more about other types of deal, including fixed, discounted, flexible, capped, offset, cashback and current account.

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