What Are Tracker Mortgages?

Tracker mortgages (also known as base rate trackers) are variable rate mortgages, and are when the interest rate of your mortgage tracks the interest rate of the Bank of England. This means that your monthly mortgage payments will fluctuate when the base rate at the Bank of England goes up or down.

Pros & Cons

• When the base rate at the Bank of England goes down so will your mortgage payments.
• You must bear in mind that these rates can also increase, meaning you will pay this increase.

Our Offer to You

At Remortgageexplorer we search from some of the top lenders within the UK, offering competitive rates on tracker remortgages and using specialist lenders we accept applications which may be rejected by other lenders. We aim to find you a tracker remortgage from a mortgage lender at low rates whatever your financial circumstances or employment status. Here at Remortgageexplorer we specialise in problems such as defaults, CCJ’s, mortgage arrears and irregular income as these issues may create barriers when trying to secure a mortgage and as mortgages are an important long term financial commitment we aim to finalise your application as quickly as possible, dependent upon individual circumstances with some applications being finalised within 4 weeks.

If you are a first time buyer or you are looking into remortgaging your home and feel that a tracker mortgage would be right for you please apply using our online application, we have access to mortgage lenders with advisors who can talk you through the best options and mortgage plans available to you, reflecting your circumstances.