Product focus: Tracker mortgages - Mortgages - News - Moneyfacts

News News brings you the latest financial & economic news & reviews of the best products in the UK by our team of money experts.

Product focus: Tracker mortgages

Product focus: Tracker mortgages

Category: Mortgages

Updated: 24/11/2011
First Published: 24/11/2011

This article was correct at the time of publication. It is now over 6 months old so the content may be out of date.

The Monetary Policy Committee unanimously decided to keep the Bank of England base rate at 0.50% this month. Base rate is predicted to remain unchanged for the foreseeable future, however, borrowers on a variable rate deal must keep in mind that their monthly repayments will increase in the event of a rate rise.

Here is a selection of some of the current best tracker rate mortgage deals.

Chelsea Building Society

  • This product offers a rate of 2.09% to 31 December 2013 (Bank Base Rate (BBR) + 1.59%).
  • The maximum loan-to-value is 70% and first, second time and remortgage customers can borrow up to £1 million.
  • An arrangement fee of £1,495 is payable.


  • This two year tracker offers a rate of 2.09% for two years (BBR + 1.59%).
  • Available to remortgage borrowers, this product's maximum loan-to-value is 60% and has borrowing amounts between £6,000 and £250,000.
  • A fee of £1,995 is payable.
  • Customers can enjoy the incentives of a free valuation fees and can switch at any time during the initial tracker period to a new fixed rate without paying any early redemption charges.

Yorkshire Building Society

  • Yorkshire Building Society's two year tracker offers a rate of 2.29% to 31 December 2013 (BBR + 1.79%).
  • The maximum loan-to-value is 75% and first, second time and remortgage customers can borrowing amounts between £25,001 and £5 million.
  • A fee of £995 is payable.

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 Any products featured may be withdrawn by their provider or changed at any time.

Related Articles

Homemover numbers fall for first time since 2011

The mortgage market enjoyed a record year in 2016, so it may come as a surprise to hear that the number of people moving home has fallen for the first time in five years, with fewer apparently taking advantage of the market.

2016: the best year for remortgaging since 2009

Remortgaging has certainly seen a surge in activity of late, helped in no small part by the dramatic drop in mortgage rates over the last year, so much so that 2016 as a whole proved to be the best year for the sector since 2009.

Homeowners underestimate remortgaging savings

Remortgaging has been enjoying a surge in popularity in recent months, and considering how much you could save, it’s a no-brainer! Unfortunately, many fail to realise the extent of potential savings, which could mean too few make the switch.