Jason Bailey

Expertly compared by Jason Bailey

Products Updated May 17, 2018

Tracker Mortgages

We can help you quickly compare and view the best tracker mortgages from the whole mortgage market place. Simply use the search filters to compare tracker mortgages side-by-side and get real time rates and deals on offer.

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Your home may be repossessed if you do not keep up repayments on your mortgage.

Results:1 providers expertly compared:

Lending Expert


This provider is our Expert’s Choice in its category as it won tops marks for the following.


Learn more about how we review and assess the providers here on Lending Expert.

60% - 100%

Initial Rate
1.19% - 4.32%

Standard Rate (SVR)
3.94% - 4.79%


Variable & 3 ,5 & 10 Fixed Rate

Rated 4.9/ 5

All credit types

The mortgage experts at First Choice Finance can quickly assess your requirements and search the market place to find you the perfect mortgage deal. Click get a quote to make an enquiry today.

Read our customer and visitor reviews for this product:

Rating: 4 / 5 with 2 votes

Simple application process

by K Wheeler

Simple application process - broker was kind and offered advice.

Quick search

by James Hilton

This is a quick mortgage search facility and shows many lenders across the market. Impressed with the level of detail on each product.

What is a tracker mortgage?

Tracker Mortgages

A tracker mortgage as the name implies tracks the Bank of England base rate and is a type of variable rate mortgage. This means that if the BOE base rate goes up then so does the cost of your mortgage, and likewise if the base rate goes down then so does the cost of your mortgage.

Tracker mortgage products will track the base rate by a set percentage. For example your lender may charge you 1 or 2% above the prevailing base rate.

What are the rates offered?

The actual percentage amount you are charged will usually be dictated by the amount of security provided to the lender. The higher the LTV (loan to value) figure, e.g. 95% the more interest you are likely to be charged, and the lower LTV (e.g. 60%) the less interest you will be charged.

The best tracker deals are reserved for borrowers with high amounts of equity within their home, and therefore offer less risk to the lender.

How long does a tracker mortgage last for?

Tracker mortgages can last for as little as one year or may run for the lifetime of the mortgage. After you tracker deal expires then you will automatically be placed on your lenders Standard Variable Rate (SVR) deal which is likely to charge a higher rate of interest.

Tracker rate mortgage vs a fixed rate deal?

Fixed Rate Mortgages

With historically low interest rates like we are currently experiencing a tracker mortgage can be a good deal.

What are the drawbacks?

Unlike a fixed rate mortgage the cost of a tracker mortgage can go up or down depending on interest rates.

If we were to experience a sudden rise in interest rates then this would increase the cost of your mortgage and may have a negative impact on your finances if you have a tight budget.

What deals are in the market place?

Every mortgage lender in the UK has a range of tracker mortgages to choose from. Using the mortgage search and find facility here on the website will display the hundreds of tracker mortgage deals available from the whole UK market place.

How can I get further mortgage advice?

For advice speak to a mortgage expert here on the website. Our advice is free and we’ll provide you with choice and options from the whole UK mortgage market place.