Independent Financial Adviser in Colchester, Essex - Woodruff Financial Planning
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Tracker Mortgage

What is a tracker mortgage?

A tracker mortgage is simply a mortgage which tracks a certain rate - normally the bank of England Base rate. Thus, the tracker mortgage might follow the base rate up and down as it fluctuates. The mortgage lender will make profit by charging an amount over the base rate.

This kind of mortgage is useful for people who are happy for their outgoings to change, but want their mortgage to reflect the changing costs of borrowing. The main difference from a variable rate mortgage is that a tracker mortgage will be guaranteed to go up and down with changes to the interest rates. A variable rate mortgage will not.

There are many options available under a tracker mortgage. If you are interested in this type of mortgage then contact us.

Your home is at risk if you do not keep up repayments on a mortgage or other loan secured on it.


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Dan Woodruff, trading as Woodruff Financial Planning, is an Independent Financial Adviser with Julian Harris Financial Consultants who are Independent Financial Advisers authorised and regulated by the Financial Services Authority No. 153566.
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Independent Financial Adviser Colchester Essex UKFor United Kingdom residents over 18 only. © 2003 - 2008 Woodruff Financial Planning.