This mortgage follows the Bank of England base rate with a fixed margin above or below. The margin (e.g. 1% over base rate) will apply for a fixed period such as 2 years, and will be followed by a higher rate (e.g. 3% over base rate) or by the lender’s SVR base rate
Pros: If interest rates fall the tracker will automatically fall within a pre-agreed period, unlike a SVR mortgage which may delay any interest rate cut.
Cons: You are just as easily exposed to interest rate rises so it’s hard to predict your mortgage payments
Telephone
01580 880529
Mobile
07498278634
Address
Cobbers Hollow, Robertsbridge, East Sussex, TN325E
