A tracker mortgage is a type of variable charge mortgage which tracks a nominated interest price, commonly the Bank of England base rate. The actual mortgage rate you pay might could be above or below the price tracked. When the rate goes up so will your mortgage rate. When the BOE rate goes down, your mortgage rate will also go down.
To discuss the suitability of a tracker rate mortgage for your property in the Antrim or Ballymena area, contact us today https://mortgageoptionsni.co.uk/contact-us/ your local independent mortgage broker
As a loan is secured against your home, it could be repossessed if you do not keep up the mortgage repayments.