Tracker mortgage

A flexible mortgage that follows the market

A tracker mortgage doesn’t tie you down to a fixed rate, so your payments could go up or down.

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

What’s a tracker mortgage?

Your monthly payment amount could change

Unlike fixed-rate mortgages, a tracker rate can change. That means the amount you pay each month could go up if interest rates rise.

Choose a tracker period that suits you

You can choose a tracker rate for a set period of years. After this term ends, we’ll switch your mortgage to our follow-on rate.

Alternatively, you can switch to a new tracker or fixed rate. If you change to another tracker rate during the initial term you may have to pay an early repayment charge. However, you can change to one of our new fixed rates without having to pay this charge. 

You could make overpayments

You could pay more than your agreed monthly payment – we’ll tell you if there are any overpayment limits or early repayment charges before you take out any specific mortgage.

Thinking about tracker rates

You can use our interest rate calculator to see examples of how much extra you’d have to pay on the amount you want borrow if interest rates changed, and discover why interest rates can change. 

Interest rate calculator

What if your rate changes?

See how a change of interest rates would affect your mortgage payments

Base rate change and mortgages

About the Bank of England base rate

Find out why the base rate affects your mortgage and use our calculator to see how your monthly payment could be affected.

How to apply

Use our calculators to see how much you could afford to borrow, get an Agreement in principle to see if we could lend what you need and find out how to prepare for your mortgage appointment.

How much could I borrow?

Mortgage borrowing calculator

Get a quick quote for how much you could borrow for a property you’ll live in, based on your financial situation. If you want a more accurate quote, use our affordability calculator. You’ll need to spend a little longer on this.

Mortgage cost and repayment calculator

How much would a mortgage cost?

See examples of costs for different mortgage types and interest rates.

Our latest rates

You can also check our full mortgage range [PDF, 562KB] to see if our other mortgages are suitable for you, download our tariff of mortgage charges [PDF, 265KB] and read our legal information

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Need some help?

Call us

0333 202 7580

Our mortgage experts are available Monday to Friday from 7am to 8pm, and from 7am to 5pm at weekends. To maintain a quality service, we may monitor or record phone calls. Call charges.

Track It

If you’ve submitted an application, use your mortgage application reference to find out what stage it’s at.