Two Year Base Rate Tracker

A tracker mortgage is a type of variable rate mortgage where the interest rate is linked to, but may not be the same as, the Bank of England Base Rate. Following a Bank of England rate change your mortgage repayment will change too.

How much will it cost?

Property value?

With deposit of?

Mortgage term?

An initial rate* of	Followed by our Standard Variable Rate, currently	The overall cost for comparison is	Maximum Loan To Value	Fees
2.05%	5.99%	5.3%	80%	£0
* until 31 March 2021		APR

If you borrowed £120,000 over 25 years, the cost for credit would be £98,457.53, meaning you repay a total of £218,457.53. This would be repaid by 27 monthly repayments of £511.55 and a further 273 monthly repayments of £749.16.

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Summary Information

Interest Rates	Bank of England Base Rate plus 1.30% (current pay rate 2.05%) until 31st March 2021 reverting to our Standard Variable Rate (currently 5.99%) from 1st April 2021. The overall cost for comparison is 5.3% APR.
Maturity Date	31 March 2021
Maximum Loan to Value (LTV)	80%
Loan Amount	£10,000 - £1,000,000
Daily Interest Calculation	Interest is calculated on the balance of your account at the end of each day. Interest is accrued daily and added to your account balance on the last day of every month. Every cleared payment that is made reduces the mortgage balance and interest is recalculated on the reduced balance.
Minimum Term	5 Years
Reservation Fee	£0
Completion Fee	£0
Early Repayment Charge	N/A

Useful Documents

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0345 606 4488

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Your mortgage will be secured on your home. Your home may be repossessed if you do not keep up repayments on your mortgage.

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