Compare Tracker Mortgages

Rising and falling in line with the Bank of England base rate, tracker mortgages have been popular with UK home-buyers while the base rate has remained at a record low. Check below for the latest tracker mortgage rates.

Click below on the type of mortgage you want to compare

Base Rate Tracker Mortgages

Mortgage Type

Fixed: The interest rate is fixed for a certain period – usually 1 to 5 years.
Tracker: The interest rate rises and falls with the Bank of England base rate.
Standard: The interest rate rises and falls with the provider’s standard interest rate (SVR).
Discount: The interest rate rises and falls with the provider’s standard variable rate but is set at a lower discounted rate for certain period.
Buy to Let: For landlords purchasing a property for letting.

Initial Rate

The introductory rate of interest that you will pay for a certain period of time depending on the mortgage type and term.

Initial
Term

The length of time that the initial interest rate applies to the mortgage.

Final
Rate

The interest rate that your mortgage will revert to after any introductory rates have finished.

APR

This is the mortgage’s Annual Percentage Rate: the interest rate that you will be charged on your mortgage including all charges such as arrangement fees (also referred to as Cost For Comparison).

Loan to value

The percentage of a property’s value for which the mortgage can be used.
Example: 75% loan to value = 25% deposit.

Fee to
Apply

This is the fee that must be paid to the lender when you take out the mortgage. It can be applied to the loan or paid separately.

Santander UK plc
2yr BBR + 1.59% Tracker R/M LTV 60% Direct
[Show Details]
Tracker2.09%24 months4.24%4.00%60%£1995MORE INFO
Read this before you proceed.
To qualify for this product you need to meet the following criteria.
Minimum Deposit:40%
First time buyer:no
Homemover:no
Remortgage:yes
Call Direct
0800 032 4610
NatWest
2yr BBR+1.85% LTV 60% Dir AdPt/Bus Ex/C no-ERC
[Show Details]
Tracker2.35%31/03/20144.00%4.00%60%£1499MORE INFO
Read this before you proceed.
To qualify for this product you need to meet the following criteria.
Existing Customer:Yes
Existing Customer Type:current account
Minimum Deposit:40%
First time buyer:yes
Homemover:yes
Remortgage:yes
Call Direct
0800 158 2907
Available for existing NatWest customers only.
Royal Bank of Scotland
2yr BBR+1.85% LTV 60% "Black Account" Ex/B Dir
[Show Details]
Tracker2.35%31/03/20144.00%3.90%60%£1499MORE INFO
Read this before you proceed.
To qualify for this product you need to meet the following criteria.
Existing Customer:Yes
Existing Customer Type:current account
Minimum Deposit:40%
First time buyer:no
Homemover:no
Remortgage:no
Call Direct
0800 068 7678
Available for existing Royal Bank of Scotland customers only.
Royal Bank of Scotland
2yr BBR+1.85% LTV 60% "Black Account" Ex/C No ERC
[Show Details]
Tracker2.35%31/03/20144.00%4.00%60%£1499MORE INFO
Read this before you proceed.
To qualify for this product you need to meet the following criteria.
Existing Customer:Yes
Existing Customer Type:current account
Minimum Deposit:40%
First time buyer:yes
Homemover:yes
Remortgage:yes
Call Direct
0800 068 7678
Available for existing Royal Bank of Scotland customers only.
Chelsea Building Society
2yr BBR + 1.89% LTV 70% Direct
[Show Details]
Tracker2.39%31/03/20145.79%5.40%70%£1495MORE INFO
Read this before you proceed.
To qualify for this product you need to meet the following criteria.
Minimum Deposit:30%
First time buyer:yes
Homemover:yes
Remortgage:yes
HSBC
Lifetime BBR + 1.89% LTV 60% Special Direct
[Show Details]
Tracker2.39%termn/a2.50%60%£999MORE INFO
Read this before you proceed.
To qualify for this product you need to meet the following criteria.
Minimum Deposit:40%
First time buyer:yes
Homemover:yes
Remortgage:yes
Call Direct
0800 077 4283
NatWest
2yr BBR + 1.95% LTV 60% Direct
[Show Details]
Tracker2.45%31/03/20144.00%4.00%60%£999MORE INFO
Read this before you proceed.
To qualify for this product you need to meet the following criteria.
Minimum Deposit:40%
First time buyer:yes
Homemover:yes
Remortgage:yes
Call Direct
0800 158 2907
NatWest
2yr BBR + 1.95% LTV 60% Direct Ex/B
[Show Details]
Tracker2.45%31/03/20144.00%3.90%60%£499MORE INFO
Read this before you proceed.
To qualify for this product you need to meet the following criteria.
Existing Borrower:yes
Minimum Deposit:40%
First time buyer:no
Homemover:no
Remortgage:no
Call Direct
0800 158 2907
Royal Bank of Scotland
2yr BBR + 1.95% LTV 60% Direct Ex/B
[Show Details]
Tracker2.45%31/03/20144.00%3.80%60%£499MORE INFO
Read this before you proceed.
To qualify for this product you need to meet the following criteria.
Existing Borrower:yes
Minimum Deposit:40%
First time buyer:no
Homemover:no
Remortgage:no
Call Direct
0800 068 7678
Royal Bank of Scotland
2yr BBR + 1.95% Tracker LTV 60%
[Show Details]
Tracker2.45%31/03/20144.00%4.00%60%£999MORE INFO
Read this before you proceed.
To qualify for this product you need to meet the following criteria.
Minimum Deposit:40%
First time buyer:yes
Homemover:yes
Remortgage:yes
Call Direct
0800 068 7678
HSBC
Lifetime BBR + 1.99% LTV 60% Special Direct
[Show Details]
Tracker2.49%termn/a2.50%60%No FeeMORE INFO
Read this before you proceed.
To qualify for this product you need to meet the following criteria.
Minimum Deposit:40%
First time buyer:yes
Homemover:yes
Remortgage:yes
Call Direct
0800 077 4283
Chelsea Building Society
2yr BBR + 2.09% Offset Tracker LTV 70% Direct
[Show Details]
Tracker2.59%31/03/20145.79%5.50%70%£1495MORE INFO
Read this before you proceed.
To qualify for this product you need to meet the following criteria.
Minimum Deposit:30%
First time buyer:yes
Homemover:yes
Remortgage:yes
Chelsea Building Society
2yr BBR + 2.09% LTV 70% Direct
[Show Details]
Tracker2.59%31/03/20145.79%5.40%70%£395MORE INFO
Read this before you proceed.
To qualify for this product you need to meet the following criteria.
Minimum Deposit:30%
First time buyer:yes
Homemover:yes
Remortgage:yes
HSBC
Lifetime BBR + 2.09% LTV 70% Direct
[Show Details]
Tracker2.59%termn/a2.70%70%£599MORE INFO
Read this before you proceed.
To qualify for this product you need to meet the following criteria.
Minimum Deposit:30%
First time buyer:yes
Homemover:yes
Remortgage:yes
Call Direct
0800 077 4283
HSBC
Lifetime BBR + 2.09% LTV 70% Ex/C Adv Dir
[Show Details]
Tracker2.59%termn/a2.70%70%£399MORE INFO
Read this before you proceed.
To qualify for this product you need to meet the following criteria.
Existing Customer:Yes
Existing Customer Type:current account
Minimum Deposit:30%
First time buyer:yes
Homemover:yes
Remortgage:yes
Call Direct
0800 077 4283
Available for existing HSBC customers only.
HSBC
Lifetime BBR + 2.09% LTV 70% Ex/C Prem Dir
[Show Details]
Tracker2.59%termn/a2.70%70%£299MORE INFO
Read this before you proceed.
To qualify for this product you need to meet the following criteria.
Existing Customer:Yes
Existing Customer Type:current account
Minimum Deposit:30%
First time buyer:yes
Homemover:yes
Remortgage:yes
Call Direct
0800 077 4283
Available for existing HSBC customers only.
NatWest
2yr BBR + 2.10% LTV 60% Direct Ex/B Main Bank A/C
[Show Details]
Tracker2.60%31/03/20144.00%3.80%60%No FeeMORE INFO
Read this before you proceed.
To qualify for this product you need to meet the following criteria.
Existing Borrower:yes
Minimum Deposit:40%
First time buyer:no
Homemover:no
Remortgage:no
Call Direct
0800 158 2907
Royal Bank of Scotland
2yr BBR + 2.10% LTV 60% Direct Ex/B Main A/C
[Show Details]
Tracker2.60%31/03/20144.00%3.80%60%No FeeMORE INFO
Read this before you proceed.
To qualify for this product you need to meet the following criteria.
Existing Borrower:yes
Minimum Deposit:40%
First time buyer:no
Homemover:no
Remortgage:no
Call Direct
0800 068 7678
Chelsea Building Society
2yr BBR + 2.29% Offset Tracker LTV 70% Direct
[Show Details]
Tracker2.79%31/03/20145.79%5.40%70%£395MORE INFO
Read this before you proceed.
To qualify for this product you need to meet the following criteria.
Minimum Deposit:30%
First time buyer:yes
Homemover:yes
Remortgage:yes
NatWest
2yr BBR + 2.29% LTV 70% Direct Ex/B
[Show Details]
Tracker2.79%31/03/20144.00%3.90%70%£499MORE INFO
Read this before you proceed.
To qualify for this product you need to meet the following criteria.
Existing Borrower:yes
Minimum Deposit:30%
First time buyer:no
Homemover:no
Remortgage:no
Call Direct
0800 158 2907
Royal Bank of Scotland
2yr BBR + 2.29% LTV 70% Direct Ex/B
[Show Details]
Tracker2.79%31/03/20144.00%3.90%70%£499MORE INFO
Read this before you proceed.
To qualify for this product you need to meet the following criteria.
Existing Borrower:yes
Minimum Deposit:30%
First time buyer:no
Homemover:no
Remortgage:no
Call Direct
0800 068 7678
Santander UK plc
2yr BBR + 2.34% Tracker H/P C/B LTV 60% Direct
[Show Details]
Tracker2.84%24 months4.24%4.10%60%£995MORE INFO
Read this before you proceed.
To qualify for this product you need to meet the following criteria.
Minimum Deposit:40%
First time buyer:yes
Homemover:yes
Remortgage:no
Call Direct
0800 032 4610
NatWest
2yr BBR + 2.35% LTV 60% Direct Fee Free
[Show Details]
Tracker2.85%31/03/20144.00%4.00%60%No FeeMORE INFO
Read this before you proceed.
To qualify for this product you need to meet the following criteria.
Minimum Deposit:40%
First time buyer:yes
Homemover:yes
Remortgage:yes
Call Direct
0800 158 2907
Royal Bank of Scotland
2yr BBR + 2.35% Tracker LTV 60% No Fee
[Show Details]
Tracker2.85%31/03/20144.00%4.00%60%No FeeMORE INFO
Read this before you proceed.
To qualify for this product you need to meet the following criteria.
Minimum Deposit:40%
First time buyer:yes
Homemover:yes
Remortgage:yes
Call Direct
0800 068 7678
HSBC
Lifetime BBR + 2.39% LTV 70% Direct
[Show Details]
Tracker2.89%termn/a2.90%70%No FeeMORE INFO
Read this before you proceed.
To qualify for this product you need to meet the following criteria.
Minimum Deposit:30%
First time buyer:yes
Homemover:yes
Remortgage:yes
Call Direct
0800 077 4283
NatWest
2yr BBR + 2.39% LTV 75% Direct
[Show Details]
Tracker2.89%31/03/20144.00%4.00%75%£999MORE INFO
Read this before you proceed.
To qualify for this product you need to meet the following criteria.
Minimum Deposit:25%
First time buyer:yes
Homemover:yes
Remortgage:yes
Call Direct
0800 158 2907
NatWest
2yr BBR + 2.39% LTV 75% Direct Ex/B
[Show Details]
Tracker2.89%31/03/20144.00%3.90%75%£499MORE INFO
Read this before you proceed.
To qualify for this product you need to meet the following criteria.
Existing Borrower:yes
Minimum Deposit:25%
First time buyer:no
Homemover:no
Remortgage:no
Call Direct
0800 158 2907
Royal Bank of Scotland
2yr BBR + 2.39% LTV 75% Direct Ex/B
[Show Details]
Tracker2.89%31/03/20144.00%3.90%75%£499MORE INFO
Read this before you proceed.
To qualify for this product you need to meet the following criteria.
Existing Borrower:yes
Minimum Deposit:25%
First time buyer:no
Homemover:no
Remortgage:no
Call Direct
0800 068 7678
Royal Bank of Scotland
2yr BBR + 2.39% Tracker LTV 75%
[Show Details]
Tracker2.89%31/03/20144.00%4.00%75%£999MORE INFO
Read this before you proceed.
To qualify for this product you need to meet the following criteria.
Minimum Deposit:25%
First time buyer:yes
Homemover:yes
Remortgage:yes
Call Direct
0800 068 7678
NatWest
2yr BBR + 2.45% LTV 70% Direct Ex/B Main Bank A/C
[Show Details]
Tracker2.95%31/03/20144.00%3.90%70%No FeeMORE INFO
Read this before you proceed.
To qualify for this product you need to meet the following criteria.
Existing Borrower:yes
Minimum Deposit:30%
First time buyer:no
Homemover:no
Remortgage:no
Call Direct
0800 158 2907
Royal Bank of Scotland
2yr BBR + 2.45% LTV 70% Direct Ex/B Main A/C
[Show Details]
Tracker2.95%31/03/20144.00%3.90%70%No FeeMORE INFO
Read this before you proceed.
To qualify for this product you need to meet the following criteria.
Existing Borrower:yes
Minimum Deposit:30%
First time buyer:no
Homemover:no
Remortgage:no
Call Direct
0800 068 7678
HSBC
Lifetime BBR + 2.49% LTV 80% Direct
[Show Details]
Tracker2.99%termn/a3.10%80%£599MORE INFO
Read this before you proceed.
To qualify for this product you need to meet the following criteria.
Minimum Deposit:20%
First time buyer:yes
Homemover:yes
Remortgage:yes
Call Direct
0800 077 4283
HSBC
Lifetime BBR + 2.49% LTV 80% Ex/C Adv Dir
[Show Details]
Tracker2.99%termn/a3.10%80%£399MORE INFO
Read this before you proceed.
To qualify for this product you need to meet the following criteria.
Existing Customer:Yes
Existing Customer Type:current account
Minimum Deposit:20%
First time buyer:yes
Homemover:yes
Remortgage:yes
Call Direct
0800 077 4283
Available for existing HSBC customers only.
HSBC
Lifetime BBR + 2.49% LTV 80% Ex/C Prem Dir
[Show Details]
Tracker2.99%termn/a3.10%80%£299MORE INFO
Read this before you proceed.
To qualify for this product you need to meet the following criteria.
Existing Customer:Yes
Existing Customer Type:current account
Minimum Deposit:20%
First time buyer:yes
Homemover:yes
Remortgage:yes
Call Direct
0800 077 4283
Available for existing HSBC customers only.
Santander UK plc
2yr BBR + 2.54% Tracker H/P C/B LTV 75% Direct
[Show Details]
Tracker3.04%24 months4.24%4.20%75%£995MORE INFO
Read this before you proceed.
To qualify for this product you need to meet the following criteria.
Minimum Deposit:25%
First time buyer:yes
Homemover:yes
Remortgage:no
Call Direct
0800 032 4610
Santander UK plc
2yr BBR + 2.54% Tracker R/M C/B LTV 60% Direct
[Show Details]
Tracker3.04%24 months4.24%4.10%60%£995MORE INFO
Read this before you proceed.
To qualify for this product you need to meet the following criteria.
Minimum Deposit:40%
First time buyer:no
Homemover:no
Remortgage:yes
Call Direct
0800 032 4610
Santander UK plc
2yr BBR + 2.54% Tracker R/M LTV 60% Direct
[Show Details]
Tracker3.04%24 months4.24%4.10%60%£995MORE INFO
Read this before you proceed.
To qualify for this product you need to meet the following criteria.
Minimum Deposit:40%
First time buyer:no
Homemover:no
Remortgage:yes
Call Direct
0800 032 4610
NatWest
2yr BBR + 2.55% LTV 75% Direct Ex/B Main Bank A/C
[Show Details]
Tracker3.05%31/03/20144.00%3.90%75%No FeeMORE INFO
Read this before you proceed.
To qualify for this product you need to meet the following criteria.
Existing Borrower:yes
Minimum Deposit:25%
First time buyer:no
Homemover:no
Remortgage:no
Call Direct
0800 158 2907
NatWest
2yr BBR + 2.55% LTV 75% Direct Ex/B>£200k
[Show Details]
Tracker3.05%31/03/20144.00%3.90%75%£999MORE INFO
Read this before you proceed.
To qualify for this product you need to meet the following criteria.
Existing Borrower:yes
Minimum Deposit:25%
First time buyer:no
Homemover:no
Remortgage:no
Call Direct
0800 158 2907
Post Office Ltd
2yr BBR + 2.55% Tracker LTV 75%
[Show Details]
Tracker3.05%31/12/20133.99%4.00%75%£995MORE INFO
Read this before you proceed.
To qualify for this product you need to meet the following criteria.
Minimum Deposit:25%
First time buyer:yes
Homemover:yes
Remortgage:yes
Call Direct
0121 270 3556
Royal Bank of Scotland
2yr BBR + 2.55% LTV 75% Direct Ex/B >£200K
[Show Details]
Tracker3.05%31/03/20144.00%3.90%75%£999MORE INFO
Read this before you proceed.
To qualify for this product you need to meet the following criteria.
Existing Borrower:yes
Minimum Deposit:25%
First time buyer:no
Homemover:no
Remortgage:no
Call Direct
0800 068 7678
Royal Bank of Scotland
2yr BBR + 2.55% LTV 75% Direct Ex/B Main A/C
[Show Details]
Tracker3.05%31/03/20144.00%3.90%75%No FeeMORE INFO
Read this before you proceed.
To qualify for this product you need to meet the following criteria.
Existing Borrower:yes
Minimum Deposit:25%
First time buyer:no
Homemover:no
Remortgage:no
Call Direct
0800 068 7678
Chelsea Building Society
2yr BBR + 2.64% LTV 85% Direct
[Show Details]
Tracker3.14%31/03/20145.79%5.60%85%£1495MORE INFO
Read this before you proceed.
To qualify for this product you need to meet the following criteria.
Minimum Deposit:15%
First time buyer:yes
Homemover:yes
Remortgage:yes
NatWest
2yr BBR + 2.69% LTV 75% Direct Fee Free
[Show Details]
Tracker3.19%31/03/20144.00%4.00%75%No FeeMORE INFO
Read this before you proceed.
To qualify for this product you need to meet the following criteria.
Minimum Deposit:25%
First time buyer:yes
Homemover:yes
Remortgage:yes
Call Direct
0800 158 2907
Post Office Ltd
2yr BBR + 2.69% Tracker LTV 85%
[Show Details]
Tracker3.19%31/12/20133.99%4.00%85%£995MORE INFO
Read this before you proceed.
To qualify for this product you need to meet the following criteria.
Minimum Deposit:15%
First time buyer:yes
Homemover:yes
Remortgage:yes
Call Direct
0121 270 3556
Royal Bank of Scotland
2yr BBR + 2.69% Tracker LTV 75% No Fee
[Show Details]
Tracker3.19%31/03/20144.00%4.00%75%No FeeMORE INFO
Read this before you proceed.
To qualify for this product you need to meet the following criteria.
Minimum Deposit:25%
First time buyer:yes
Homemover:yes
Remortgage:yes
Call Direct
0800 068 7678
Woolwich (Barclays)
Openplan 2yr BBR + 2.69% R/M Ex/C LTV 60%
[Show Details]
Tracker3.19%28/02/20143.89%3.90%60%£499MORE INFO
Read this before you proceed.
To qualify for this product you need to meet the following criteria.
Existing Customer:Yes
Existing Customer Type:current account
Minimum Deposit:40%
First time buyer:no
Homemover:no
Remortgage:yes
Call Direct
0845 070 1569
Available for existing Woolwich (Barclays) customers only.
Woolwich (Barclays)
Openplan FM 2yr BBR + 2.69% Ex/C LTV 60%
[Show Details]
Tracker3.19%28/02/20143.89%3.90%60%£499MORE INFO
Read this before you proceed.
To qualify for this product you need to meet the following criteria.
Existing Customer:Yes
Existing Customer Type:current account
Minimum Deposit:40%
First time buyer:yes
Homemover:yes
Remortgage:yes
Call Direct
0845 070 1569
Available for existing Woolwich (Barclays) customers only.
Woolwich (Barclays)
Openplan FM 2yr BBR + 2.69% LTV 60%
[Show Details]
Tracker3.19%28/02/20143.89%3.90%60%£999MORE INFO
Read this before you proceed.
To qualify for this product you need to meet the following criteria.
Minimum Deposit:40%
First time buyer:yes
Homemover:yes
Remortgage:yes
Call Direct
0845 070 1569
Woolwich (Barclays)
Openplan FM 2yr BBR + 2.69% R/M LTV 60%
[Show Details]
Tracker3.19%28/02/20143.89%3.90%60%£999MORE INFO
Read this before you proceed.
To qualify for this product you need to meet the following criteria.
Minimum Deposit:40%
First time buyer:no
Homemover:no
Remortgage:yes
Call Direct
0845 070 1569
Santander UK plc
2yr BBR + 2.74% Tracker R/M C/B LTV 75% Direct
[Show Details]
Tracker3.24%24 months4.24%4.20%75%£995MORE INFO
Read this before you proceed.
To qualify for this product you need to meet the following criteria.
Minimum Deposit:25%
First time buyer:no
Homemover:no
Remortgage:yes
Call Direct
0800 032 4610
Santander UK plc
2yr BBR + 2.74% Tracker R/M LTV 75% Direct
[Show Details]
Tracker3.24%24 months4.24%4.20%75%£995MORE INFO
Read this before you proceed.
To qualify for this product you need to meet the following criteria.
Minimum Deposit:25%
First time buyer:no
Homemover:no
Remortgage:yes
Call Direct
0800 032 4610
HSBC
Lifetime BBR + 2.79% LTV 80% Direct
[Show Details]
Tracker3.29%termn/a3.30%80%No FeeMORE INFO
Read this before you proceed.
To qualify for this product you need to meet the following criteria.
Minimum Deposit:20%
First time buyer:yes
Homemover:yes
Remortgage:yes
Call Direct
0800 077 4283
NatWest
2yr BBR + 2.79% LTV 80% Direct
[Show Details]
Tracker3.29%31/03/20144.00%4.10%80%£999MORE INFO
Read this before you proceed.
To qualify for this product you need to meet the following criteria.
Minimum Deposit:20%
First time buyer:yes
Homemover:yes
Remortgage:yes
Call Direct
0800 158 2907
NatWest
2yr BBR + 2.79% LTV 80% Direct Ex/B
[Show Details]
Tracker3.29%31/03/20144.00%4.00%80%£499MORE INFO
Read this before you proceed.
To qualify for this product you need to meet the following criteria.
Existing Borrower:yes
Minimum Deposit:20%
First time buyer:no
Homemover:no
Remortgage:no
Call Direct
0800 158 2907
Royal Bank of Scotland
2yr BBR + 2.79% LTV 80% Direct Ex/B
[Show Details]
Tracker3.29%31/03/20144.00%4.00%80%£499MORE INFO
Read this before you proceed.
To qualify for this product you need to meet the following criteria.
Existing Borrower:yes
Minimum Deposit:20%
First time buyer:no
Homemover:no
Remortgage:no
Call Direct
0800 068 7678
Royal Bank of Scotland
2yr BBR + 2.79% Tracker LTV 80%
[Show Details]
Tracker3.29%31/03/20144.00%4.10%80%£999MORE INFO
Read this before you proceed.
To qualify for this product you need to meet the following criteria.
Minimum Deposit:20%
First time buyer:yes
Homemover:yes
Remortgage:yes
Call Direct
0800 068 7678
Woolwich (Barclays)
Openplan 2yr BBR + 2.79% R/M C/B Ex/C LTV 70%
[Show Details]
Tracker3.29%28/02/20143.89%3.90%70%£499MORE INFO
Read this before you proceed.
To qualify for this product you need to meet the following criteria.
Existing Customer:Yes
Existing Customer Type:current account
Minimum Deposit:30%
First time buyer:no
Homemover:no
Remortgage:yes
Call Direct
0845 070 1569
Available for existing Woolwich (Barclays) customers only.
Woolwich (Barclays)
Openplan 2yr BBR + 2.79% R/M Ex/C LTV 70%
[Show Details]
Tracker3.29%28/02/20143.89%3.90%70%£499MORE INFO
Read this before you proceed.
To qualify for this product you need to meet the following criteria.
Existing Customer:Yes
Existing Customer Type:current account
Minimum Deposit:30%
First time buyer:no
Homemover:no
Remortgage:yes
Call Direct
0845 070 1569
Available for existing Woolwich (Barclays) customers only.
Woolwich (Barclays)
Openplan FM 2yr BBR + 2.79% Ex/C LTV 70%
[Show Details]
Tracker3.29%28/02/20143.89%3.90%70%£499MORE INFO
Read this before you proceed.
To qualify for this product you need to meet the following criteria.
Existing Customer:Yes
Existing Customer Type:current account
Minimum Deposit:30%
First time buyer:yes
Homemover:yes
Remortgage:yes
Call Direct
0845 070 1569
Available for existing Woolwich (Barclays) customers only.
YOUR HOME MAY BE REPOSSESSED IF YOU DO NOT KEEP UP REPAYMENTS ON YOUR MORTGAGE.

Tracker Mortgages

With a tracker mortgage, the interest you pay is dependent on how much it costs your bank to borrow money itself.

Usually, your rate will be linked to either the base rate which the Bank of England (BoE) lends money to the banks at or the LIBOR rate - the interest rate that banks charge when they borrow from each other. Your interest rate stays at a certain level above that rate, which can change from month to month; hence the name tracker.

A tracker rate can work out handsomely for you while interest rates are low but could mean you are left with hefty repayments if the rates were to rise.

The BoE sets its interest rates by the state of the economy - high when it's good, low when it's bad. And since with this type of mortgage you are 'locked in' for a certain length of time - generally anything from one to five years - you'll need to consider whether you think the economy is likely to get better or worse over the length of your deal. Specialist advice is available.

Sometimes banks offer stepped interest rate trackers, as they do with other mortgages. Your rate will start low - perhaps even in line with the base rate - and then increase at certain intervals throughout your agreed term.

There's also the usual arrangement fees payable when you take out a tracker -if these are expensive they could affect the value of the deal overall.

Click here for more information with Know Your Money's guide to tracker mortgages.