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Tracker mortgages

A flexible mortgage that follows the market

If you want a mortgage that reflects the market but doesn’t tie you down to a rate, our tracker mortgages may be the right choice for you.

  • Variable rate mortgage that tracks the Barclays Bank Base Rate (BBBR) 
  • Switch to a Barclays fixed-rate mortgage whenever you want to
  • Flexibility to overpay some of your mortgage each year without facing early repayment charges 1

Your home may be repossessed if you do not keep up repayments on your mortgage.

A mortgage that keeps your options open

A tracker mortgage has a variable interest rate that tracks your lender’s base rate which is based on the Bank of England base rate – for a set term.

This means that if your lender’s base rate falls, your mortgage payments will decrease. However, if the rate goes up, your mortgage payments will increase. At the end of the tracker term, the interest rate will revert to your lender’s Standard Variable Rate, unless you have a lifetime tracker mortgage.

Our tracker mortgages also give you the flexibility to switch to a Barclays fixed-rate mortgage whenever you want to, so you won’t be tied to the tracker rate.

Is it right for you?

A tracker mortgage could be right for you if

  • You want your mortgage to reflect the market
  • You want to take advantage of the current low base rate
  • You can afford the possible increase in your monthly payments if the base rate goes up
  • You want the flexibility to overpay some of your mortgage each year without facing early repayment charges 2

If you want to know exactly how much your monthly mortgage payments will be, you’ll probably be better off with a fixed-rate mortgage .

Calculate what you could borrow

Our mortgage calculator can help you determine how much you could afford to borrow and what your monthly payments may be.

You can also see how a change in interest rates would affect your mortgage payments with our mortgage base rate calculator .

How to apply

Our mortgage calculator can help you work out how much you can afford to borrow. You can then complete an Agreement in Principle (AiP) to find out whether we’d be able to lend the amount you need – without affecting your credit score. If we can, the next step is to make an appointment with an adviser to apply for a mortgage.

Our current tracker rates

This table outlines what the initial interest rate will be, as well as the follow-on rate, the amount you can borrow, and any early repayment charges that may apply. You can sort any of the columns by selecting the column title.

You can save a copy of our Tariff of mortgage charges and read our important legal information.

Are you a Premier customer? See our exclusive mortgage range.

The current mortgages data is unavailable. A complete list of all mortgage rates is available for download here.


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Product name

Initial interest rate

Follow on interest rate

Overall cost for comparison

Loan to value

Mortgage fee

Early repayment charge

*BBBR means the Barclays Bank Base Rate, which is currently 0.50% (effective 6 March 2009).

Representative example:

A capital and interest mortgage of £131,500 payable over 25 years on our variable tracker rate of 1.35% above the Barclays Bank Base Rate (currently 0.5%) for 2 years, and then a variable tracker rate of 3.49% above the Barclays Bank Base Rate for the remaining term would require 24 monthly payments of £547.82 and 276 monthly payments of £682.06.

The total amount payable would be £202,510.24 made up of the loan amount plus interest and £999 (product fee), £80 (final repayment charge), £35 (completion fee).

The overall cost for comparison is 3.7% APRC representative.

Need some help?

You can talk to us about our mortgages online, in branch or over the phone at a time that suits you.

Call us on 0800 197 1081 2

More ways to buy your home

Fixed-rate mortgages

Fix your monthly mortgage payments for a set term so you can budget with confidence.

Offset mortgages

Link your savings to an offset mortgage and you could reduce your mortgage term or monthly payments.

Great Escape mortgages

If you have a mortgage with another lender, you could save money by remortgaging with our Great Escape mortgages.


Important information

Subject to status and availability. You must be 18 years old or over to apply for a mortgage.

  1. Your mortgage offer terms and conditions will explain your overpayment allowance and confirm whether you need to pay an early repayment charge.
  2. Lines are open Monday to Friday, 8am – 9pm, Saturday 9am – 8pm and Sunday 10am – 4pm. To maintain a quality service, we may monitor or record phone calls. Call charges.