Tracker and lifetime tracker mortgages

Tuesday, 11, Apr 2006 04:30

Tracker mortgages trail the Bank of England's base rate. So, when a lender provides a borrower with the money to buy their home, the interest the borrower must repay each month is arranged according to the level at which the Bank of England has set the base rate. Lifetime tracker mortgages track base rate for the life of the mortgage.

Read our full guide to tracker mortgages.

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