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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 It is now over 6 months old so the content may be out of date.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 Any products featured may be withdrawn by their provider or changed at any time.