answersLogoWhite

0

What is a tracker mortgage?

Updated: 9/13/2023
User Avatar

Wiki User

16y ago

Best Answer

follows bank of englands base line rate either up or down but its higher

User Avatar

Wiki User

16y ago
This answer is:
User Avatar

Add your answer:

Earn +20 pts
Q: What is a tracker mortgage?
Write your answer...
Submit
Still have questions?
magnify glass
imp
Related questions

How does the US government affect home mortgage rates?

mortgage rates are only affected by the government if they are a tracker mortgage. tracker mortgage can be a good option if you get lucky and the national banks flat lending rate falls


What are the advantages of having a lifetime tracker mortgage?

The advantages of having a lifetime tracker mortgage are that you can pay off your mortgage over a 25 year or longer period of time and you can also adjust your payments by lowering them or increasing them.


What is the typical interest rate on a new mortgage?

The typical interest rate on a new mortgage can range greatly and depends very much on whether it is a fixed or a tracker mortgage. A tracker mortgage follows the national interest rate while the typical fixed interest rate is roughly 3.14%.


Which software programs have the role as a tracker of mortgage?

The Mortgage Office's Loan Servicing software which accurately tracks mortgages and related payments, charges, and documents. Solidata offers a free mortgage tracker software which can be downloaded directly to your computer. Online Loan Tracker provides online software to track mortgages and you can track one loan for free by signing up for an account.


What are the typical home mortgage rates?

The mortgage rates you pay are defined by what type of mortgage you have. If you have a fixed rate mortgage, you'll pay the interest rate which existed when you signed the deal. A tracker rate mortgage will track to the current base rate in the economy.


Does First Direct offer mortgage loans?

First Direct does offer mortgage loans with many different benefits and additional features. Currently their lifetime tracker mortgage is incredibly popular and they are receiving quite a few calls about it.


What are some of the benefits of tracker mortgages?

Some of the benefits of tracker mortgages are: When done in certain economic circumstances, one could get a mortgage at very low interest rate. This creates the opportunity to overpay and thereby shortening the total length of the mortgage and thus reducing total interest paid.


What are the current base mortgage rates in the UK?

Base mortgage rates vary depending on the provider and the various offers available (fixed/tracker). Currently they are quite low and are typically between 1-4%.


What type of Woolwich Mortgages are available?

Woolwich Mortgage is a home mortgage company located in the UK. They offer a variety of mortgages including fixed rate mortgages, offset mortgages, tracker mortgages, great escape mortgages and many other choices made to fit your needs.


When was The Tracker created?

The Tracker was created in 2002.


How do you get a a penguin tracker Club Penguin?

Visit http://mdcstorm.tk/ Tracker to make a penguin tracker.


What actors and actresses appeared in Tracker - 2008?

The cast of Tracker - 2008 includes: Mike Ewertz as Tracker