Tracker

Tracker deals are the most transparent of products, following the base rate exactly. A tracker will usually be marketed as 'base rate plus x per cent', the x per cent being the amount the lender adds on top. If the base rate rises, so do your repayments; if it falls, then your deal does likewise.

Unlike with other products, the lender has to pass on any rate changes - with other variable rate mortgages, any changes are discretionary.

Some tracker products have a special deal attached to them - so the 'x' that goes on top of the base rate is reduced for the first two years or so. In the current low rate environment, trackers are good value but if rates rise they will follow.

Simply complete the enquiry form, and let a specialist broker do all the shopping around for you and provide you with a no obligation quote.