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Tracker Mortgages
A tracker mortgage is a variable rate loan with an interest rate that is equal to or a set amount above or below the Bank of England Base Rate or some other base rate. It tracks (moves up or down with) that rate.
Advantage with tracker mortgages are:
- It can pay to go for a tracker mortgage if you can afford to pay more when the interest rates go up, in exchange for benefiting when they go down.
Disadvantage with tracker mortgages are:
- The unpredictability of interest rates makes it hard to budget, its not a good choice if your budget will not stretch to higher monthly payments.
We are qualified independent mortgage advisors that can be trusted to give you that independent impartial advice.
Why Tracker Mortgages from Homesavers Mortgages?
- Access to tracker mortgages throughout the UK
- Plus exclusive deals through the many mortgage clubs we subscribe to
Every month we help people, just like you, find their perfect mortgage. Find out why so many people put their trust in Homesavers Mortgages.
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Your home is at risk if you do not keep up with payments on your mortgage or other loans secured on it. Depending on your circumstances, a fee of £95 or 1% of the mortgage amount may be charged upon completion
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