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2 Year Base Rate Tracker Mortgage

A Base Rate Tracker mortgage has an interest rate that is linked directly to the Bank of England Base Rate. When a change to the Bank of England Base Rate occurs, the interest rate and monthly repayments will change also.

Representative example

A mortgage of £295,669.00 over 25 years on an initial variable rate currently at 5.90% for 2 years followed by our standard variable rate currently at 6.94% for the remaining 23 years would require 24 monthly payments of £1886.97 and 276 monthly payments of £2067.16. The total amount payable would be £618,367.44 made up of the loan amount of £295,669.00 plus interest of £322,698.44 including a Valuation fee of £415 and a product fee of £1999. The representative example is for illustration only. Your actual costs and monthly payment will vary depending on your mortgage

Good to Know

  • Variable rate product over a set period of time
  • You need to be comfortable that if interest rates rise your monthly payments will subsequently increase
  • Variable rate products are usually popular in times of low or falling interest rates
  • Following a change to the Bank of England Base Rate your mortgage payment will also change

Summary information

Interest Rates

0.65% above the Bank of England Base Rate (currently 5.25%) until 31st July 2026. This is subject to a product floor of 1.50% until 31st July 2026.

Maturity Date

31 July 2026

Maximum Loan to Value (LTV)

80%

Loan Amount

£30,000 - £1,500,000

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

2 Years

Reservation Fee

0

Completion Fee

£1999

Incentives

N/A

Early Repayment Charge

N/A

Apply for a mortgage today

We know how important it is for you to get the right mortgage deal. So whether you're buying your first home, moving house or looking to re-mortgage we have the knowledge to help you make the right decision.

Arrange an appointment

Or arrange to speak to a Mortgage Adviser

Call the team on

0345 601 5533

Our lines are open every weekday between 8am and 6pm

YOUR MORTGAGE WILL BE SECURED ON YOUR HOME. YOUR HOME MAY BE REPOSSESSED IF YOU DO NOT KEEP UP REPAYMENTS ON YOUR MORTGAGE