Best tracker mortgage rate options
Looking for the best tracker mortgage? Our Best Buy table below lists the best tracker mortgage selection currently on offer at Charcol.
The difference between a tracker rate mortgage and a discount rate mortgage is that a tracker mortgage is linked to the Bank of England interest rate so your mortgage will be guaranteed to move in line with Bank Rate. With a discount rate mortgage you are linked to a lender's Standard Variable Rate, which they can move as they see fit. On this basis, we generally recommend tracker rates above discount rates. The best tracker mortgage for you will depend on your specific requirements.
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