| Tracker Mortgages |
|
A variable rate mortgage is where the interest rate varies according to the Bank of England base rate or the Libor rate. A lender's variable rate is set above the base rate by usually 1 or 2%. With this type of mortgage the upside is the same as the downside; the interest rate can go down, saving you money, or up, in which case your interest payments increase. Please visit our Mortgage Tools pages to see some examples of this type of mortgage. Your home may be repossessed if you do not keep up repayments on your mortgage |
| For mortgages we can be paid by a fee, usually, £495 or by commission |