Bank base rate was reduced to 0.50% in March 2009 and the forecast from many financial analysts is that it will remain at its record low level for most, if not all, of 2011.
If the Bank of England Monetary Policy Committee decides to raise rates, it's expected to do so slowly. As a result borrowers are increasingly opting for variable rate deals, where rates are lower than on fixed rate deals.
Here is a selection of some of the latest variable rate mortgages to enter the market.
Woolwich from Barclays
Woolwich's latest tracker deal offers a rate of:
This new variable tracker from Santander offers first and second time borrowers a rate of:
ING Direct UK
ING Direct recently launched a new variable tracker rate mortgage of:
Find the best mortgage rate - Compare best selling mortgages
Disclaimer: Information is correct as of the date of publication (shown at the top of this article). Any products featured may be withdrawn by their provider or changed at any time.
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