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Tracker Mortgage
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A tracker mortgage is a variable rate loan that generally follows the movements of the Bank of England base rate as it changes up or down.
Commonly, tracker mortgages are set higher than the Bank of England base rate but lower than lender’s standard variable rates. For example, it might be set to track at 1% above base rate. In the past, when base rates have been high, some tracker mortgages were set to track a fraction of a percentage point below the base rate.
Specialist knowledge of the mortgage market and our links with lenders give us an advantage at times like these. Find out how we can help you by contacting us today with your enquiry.
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The benefit of a tracker mortgage is that when interest rates start to fall, so do your monthly mortgage repayments. However, interest rates can move both ways so repayments can go up as well as down. Any change in the interest rate will usually be passed on to borrowers the same month.
As a doctor with multiple sources of income or a recent change in employment you may find mortgage lenders difficult to deal with and in some cases you may be turned down due to lenders criteria and requirements.
We can source and arrange your next mortgage from the whole market and we have an exceptional reputation for customer service. Deal with us and we will guide you through the process from start to finish.
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Whole of Market Mortgage Advice*
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Help securing loans of up to 5 times annual earnings
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You can contact an adviser by calling 0800 0029650 where an expert will talk you through your options.
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*We are not tied to a specific lender or panel and are allowed to source mortgages from across the whole market mortgage. Not all mortgage advisers are the same.
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Your home may be repossessed if you do not keep up repayments on your mortgage