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Tracker Rate Mortage offers you a Variable Rate Mortgage with an interest
rate that rises and falls in line with a specific benchmark, usually the
Bank of England Base Rate. The tracker rate would be expressed as a certain
percentage rate above the benchmark rate. Plus Points: Usually there are
no penalties for cancellation and for transferring to another mortgage product
or to another lender (known as redemption penalty and lock-in periods),
giving you the flexibility to change your mortgage type or move to a different
lender. Points to Watch: Interest rates can go up as well as down. When
it rises sharply, your interest payment instalments may increase substantially.
There are 2 standard repayment methods for Tracker Rate Mortgages : Straight
Repayment & Interest Only Simply complete the brief Mortgage Quote Form and we will contact you within 24 hours with an agreement in principle. |
Licensed credit brokers.
Written quotations on request.
Loans secured on property. Your home is at risk if you do not keep up
with the repayments on a mortgage or other loans secured on the property.
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