Tracker Mortgage

Tracker Mortgage

A type of mortgage for which the interest rate tracks Bank of England’s interest rate.
References in periodicals archive ?
The Cork South-Central TD said: "Given that the number of impacted customers has increased dramatically to 33,700 in a short few months, it is now inevitable the number who have lost their home as a result of being denied a tracker mortgage will increase well beyond figure of 97 currently reported by the main lenders.
Irish banks could be penalised by the government if they do not speed redress for borrowers who should have been given the option of a cheaper tracker mortgage.
AVERAGE TWO-YEAR TRACKER MORTGAGE RATE IS LESS THAN 2% THE average two-year tracker mortgage deal on offer has reached less than 2% for the first time on record, following the cut in the Bank of England base rate to 0.
A tracker mortgage follows the Bank of England base rate at a set margin above or below and can mean you secure a mortgage deal with a very low rate of interest.
CHOOSING whether to go for a fixed rate or tracker mortgage has not been an easy decision over the last few years.
39 per cent Lifetime Tracker mortgage would see their monthly payments increase by [pounds sterling]267.
SHANE and Elizabeth Smart chose a tracker mortgage to buy their new two-bed terrace home in Bath, which they moved into on the August Bank Holiday weekend.
HSBC says a typical borrower taking a tracker mortgage in October 2008 for pounds 112,756 is now saving over pounds 218 per month on their initial payment.
NATIONWIDE Building Society will not pass on any further interest rate cuts to the majority of its tracker mortgage customers, it said today.
o Mortgage advisor Charcol is offering an exclusive lifetime tracker mortgage with a six per cent cashback up to a maximum of pounds 120,000.
The European Tracker Mortgage, while linked to the European Central Bank's interest rate, will operate entirely in sterling.
Global Banking News-November 3, 2017--Irish politicians call for criminal investigation into tracker mortgage scandal