Santander Mortgages

Tracker Mortgage

If you would like a mortgage which has an interest rate that follows the Bank of England Base Rate, then a tracker mortgage could be the one for you.

What is a Tracker Mortgage?

The interest rate tracks the Base Rate set by the Bank of England for a set period by a constant differential. This means that your monthly mortgage interest payments go up when the base rate goes up and go down when the base rate goes down.

What are the benefits of a Tracker Mortgage?

A tracker mortgage is a variable rate mortgage which follows the Bank of England Base Rate, so your payments will only change if the Bank of England changes the interest rate. The rate on your tracker mortgage maintains the same differential between the rate you pay and the interest rate set by the Bank of England for a set period of time.

You will need to bear in mind that as and when the Bank of England raises UK interest rates, the cost of your tracker mortgage will rise as well.

Santander has a range of mortgages available, including Base Rate Tracker Mortgages.

All our mortgages are subject to status and current lending criteria.

YOUR HOME MAY BE REPOSSESSED IF YOU DO NOT KEEP UP REPAYMENTS ON YOUR MORTGAGE