2 Year Base Rate Tracker
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.
Initial rate
4.50%
Standard variable rate
6.31%
Overall cost for comparison
6.2%
Maximum LTV
80%
Fees
£999
Good to know
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Variable rate product over a set period of time
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You need to be comfortable that if interest rates rise your monthly payments will subsequently increase
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Variable rate products are usually popular in times of low or falling interest rates
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Following a change to the Bank of England Base Rate your mortgage payment will also change
What do these headers mean?
The starting rate of interest which will be charged on your mortgage.
After your initial rate period the interest rate will switch to the lenders Standard Variable Rate.
The Annual Percentage Rate of Charge (APRC) is the total cost of the mortgage shown as an annual percentage. All lenders calculate APRC the same way to help you compare mortgage details. This rate could change if a variable rate applied to your mortgage changes.
The amount of your loan as a percentage of the total value of your property.
These could be reservation or administration fees that are payable on your mortgage deal.
The monthly repayment is calculated on a capital and interest basis and does not include any fees that may be payable.
Summary information
| Interest rates | 0.75% above the Bank of England Base Rate (currently 3.75%) until 31st January 2029, reverting to our Standard Variable Rate (currently 6.31%) from 1st February 2029. This is subject to a product floor of 1.50% until 31st January 2029. |
|---|---|
| Maturity date | 31 January 2029 |
| Maximum Loan to Value (LTV) | 80% |
| Loan amount | £1,000 - £3,000,000 (Up to 65% LTV) £1,000 - £2,000,000 (Up to 80% LTV) |
| 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 | £ 999 |
| Incentives |
10% overpayments per annum |
| Early Repayment Charge (ERC) | 0.5% of balance outstanding until 31st January 2029. |
Terms and conditions
Please make sure you've read the terms and conditions before applying
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YOUR MORTGAGE WILL BE SECURED ON YOUR HOME. YOUR HOME MAY BE REPOSSESSED IF YOU DO NOT KEEP UP REPAYMENTS ON YOUR MORTGAGE