Our Tracker Rate mortgages link the interest rate to the Bank of England (BoE) base rate (currently 3.75%). As the name suggests, the mortgage tracks that rate for a fixed amount of time, meaning the interest rate has the potential to go up or down.
| Initial rate variable up to and inc. 31/05/2028, (currently) | Terms | Then changing to the Society's current Standard Variable Rate (SVR) for the remaining term of the mortgage | Overall cost for comparison (APRC) | Maximum loan to value (LTV) | Product Fee | |
|---|---|---|---|---|---|---|
| 4.10% | BoE base rate + 0.35% | 7.74% | 7.3% | 75% | £999 | View |
| Max loan amount £2,000,000 | ||||||
| Initial rate variable up to and inc. 31/05/2028, (currently) | Terms | Then changing to the Society's current Standard Variable Rate (SVR) for the remaining term of the mortgage | Overall cost for comparison (APRC) | Maximum loan to value (LTV) | Product Fee | |
|---|---|---|---|---|---|---|
| 4.10% | BoE base rate + 0.35% | 7.74% | 7.3% | 75% | £999 | View |
| Max loan amount £2,000,000 | ||||||
Representative Example
A mortgage of £190,000.00 payable over 25 years on a tracker rate for 2 years at 0.35% above the Bank of England base rate and then on our current Standard Variable Rate of 7.74% for the remaining 23 years would require 24 monthly payments of £1012.45 and 276 monthly payments of £1403.59.
The total amount payable would be £412,723.64 made up of the loan amount plus interest of £221,689.64 and application fee £0, product fee £999, valuation fee £0, funds transfer fee £35.
The overall cost for comparison is 7.3% APRC representative.
This representative example assumes a mortgage completion date on the 1st day of a calendar month.
The above representative example is for illustration purposes only and may vary depending on your personal circumstances.
This example has been calculated on a Capital & Interest repayment method. The monthly payments, total amount payable and interest charged all reflect this calculation method.
For more detail about specific products, visit the links in the table above.
This information is designed for use by FCA authorised intermediaries only.
We have developed a set of short, easy-to-use guides to our criteria.
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