What is a tracker mortgage?
A tracker mortgage is a mortgage with a variable rate that tracks or follows the Bank of England base rate.
When the base rate goes down
Your interest rate could go down.
Your monthly repayment may go down.
When the base rate goes up
Your interest rate will go up.
Your monthly repayment may go up.
How to get a tracker mortgage
Get a Decision in Principle (DIP)
Get a Decision in Principle (DIP) to find out how much you could borrow. Choose how to get a DIP below.
You may need a DIP to make an offer on a home.
You may need a DIP to make an offer on a home.
Apply for a mortgage
Complete a full application online or over the phone.
If you have less than 10% deposit, you'll need to apply over the phone.
If you have less than 10% deposit, you'll need to apply over the phone.
Get your mortgage offer
We'll value your home and check your credit history. Then we'll be in touch within 15 working days.
Complete
Once the legal work is complete, you’ll exchange contracts if you’re moving home. Or you’ll move to your new mortgage deal if you’re switching.
Get a Decision in Principle
Apply online
Instant decision
Valid for 90 days
Doesn't affect your credit score
Find out if you can apply online and start our 10 minute application.
Speak to an expert
Talk to our mortgage specialists.
Calls to 03 numbers are charged at the same rate as 01 or 02 numbers from all phones.
More about tracker mortgages
Find more about tracker mortgage in our helpful guide, including:
How do tracker mortgages work?
Benefits of tracker mortgages.
Things to consider with tracker mortgages.
Is a tracker mortgage right for me?
If you can be flexible about monthly payments going up or down, a tracker might be right for you.
You could benefit from monthly payments going down if the interest rate goes down.
Our tracker mortgages don’t have early repayment charges.
Things to consider with a tracker mortgage
Interest rates and monthly payments will go up if the Bank of England base rate goes up.
Many tracker mortgages have a collar. This is a limit on how low the interest rate can go. Once you’ve reached the collar, your interest rate won’t go down, even if the Bank of England base rate goes down.
Other fees and charges will apply, and you’ll need to meet our lending criteria.
How much can I borrow?
Our borrowing calculator can tell you how much we may be able to lend to you.
Call us
Chat to our mortgage specialists about your options.
Calls to 03 numbers are charged at the same rate as 01 or 02 numbers from all phones.
Book an appointment
Book an appointment and we'll call you back.