understanding financial jargon
Base Rate Tracker Mortgage
A mortgage which is based on the Bank of England (BoE) base rate is called a Base Rate Tracker Mortgage. The interest rate is usually guaranteed at a fixed rate above the BoE base rate, unlike the lenders standard variable rate. Your mortgage interest rate will alter in line with any change to the BoE base rate, while maintaining the fixed rate gap.
What to do if you need more help
If you need more help with your specific commercial loan, mortgage or insurance requirement please speak to a professional financial adviser.
We hope you found this information useful.
Copyright © Steve Gears Associates. All rights reserved. No portion of this site may be reproduced without written permission. All Trademarks are freely acknowledged.The information on this site is based on UK data unless otherwise indicated. Non-UK visitors should check with experts within their own legal jurisdiction before relying on information presented here.