Tracker mortgages 'coming into their own'


Standard energy rates will be capped from January 2019, but switching with us could save you as much as £482* on your annual energy bills.

in partnership with Banner uswitch

Looking to switch your business energy supplier? Click here

* Between 1 Jan 2018 and 30 Jun 2018, at least 10% of people who switched energy supplier for both gas & electricity with uSwitch saved £482 or more.

Tracker mortgages are growing in popularity with house buyers as they nearly always offer better value than a fixed rate product, according to a leading UK adviser.

John Charcol's senior technical director, Ray Boulger, also stated that by buying a tracker, consumers are not left "at the mercy" of their lender's rates.

However, he added that while the availability of the products is not a problem, home buyers should only really consider the mortgage type if their starting point is good.

"Because of the services a tracker provides, in that you're guaranteed to have your rate move in line with the Bank of England rate, as opposed to being at the mercy of your lender, I think that now trackers are really coming into their own," he said.

"We have seen over the last few years that there is always a proportion of lenders who do not move their rate in line with the Bank's rate."

The Press Association recently reported that only eight mortgage lenders in the UK have lowered their rates following the Bank of England's reduction in its rate by a quarter of a per cent.

Click here to run an energy price comparison, and see if you could be paying less for your gas and electricity.

Found this page interesting?

Help spread the word and share this page with your friends and family on your social networks.

Cookies help us deliver our services. By using our services, you agree to our use of cookies. Learn more