Base rate tracker mortgages
Overview
The interest rate is a fixed percentage above Bank Base Rate for the mortgage term.
So if Bank Base Rate increases, up goes your monthly repayment; if it drops, then down goes your monthly repayment. The rate you pay will change within 30 days of a change in Bank Base Rate.
The minimum interest rate charged will be 3%.
All you need to know about Base rate tracker mortgages
Base rate tracker (BBR + 1.59%)
| Initial Rate | then changing for remaining term to | for comparison | |
|---|---|---|---|
| over £50,000 | 6.59%, variable | 6.8% APR | Apply |
| Valuation fee paid | Legal fees paid | Early Repayment Charge if you repay all of this mortgage within the first 2 years |Reservation fee - £899 | Minimum Loan £50,000 | Loan to value 75% | |||
Base rate tracker (BBR + 1.59%)
| Initial Rate | then changing for remaining term to | for comparison | |
|---|---|---|---|
| over £50,000 | 6.59%, variable | 6.8% APR | Apply |
| Early Repayment Charge if you repay all of this mortgage within the first 2 years |Reservation fee - £599 | Minimum Loan £50,000 | Loan to value 75% | |||