BNET Business Dictionary
Business Definition for: Base Rate Tracker Mortgage
- a mortgage whose interest rate varies periodically, usually annually, so as to remain a specified percentage above a particular standard rate
Additional Resources
- New Product - Leeds offers a base-rate tracker.
- LEEDS Building Society has unveiled a new base-rate tracker mortgage at 0.14 of a percentage point above the Bank of England base rate. The product, which currently has a 4.64 per cent rate, also allows 10 per cent capital repayments each year and there...
- Research articles 2005-11-17
- Universal offers base rate tracker.(Universal Building Society)(Brief Article)
- Universal Building Society has launched two mortgages. The Base Rate Tracker offers a rate of 0.5 per cent below base rate in the first year, 0.5 per cent above BBR in the second, and 0.75 per cent above BBR in the third year. It then reverts to...
- Research articles 2003-01-01
- The base rate cut: winners and losers
- The Bank of England has cut its official base rate for the fourth month in a row as it attempts to shore up the economy. It now stands at 1.5 per cent, the lowest level in the Bank's 315-year history. The historic cut will have mixed fortunes for borrowers and...
- News items 2009-08-07
- smile Launches New Tracker Mortgage.
- MANCHESTER, England, February 7 /PRNewswire/ -- Internet bank, smile, (part of the Co-operative Bank) is launching a new tracker rate mortgage product. Details of the new product are as follows: - 2-year tracker product currently at 5.09%...
- Research articles 2007-02-07
- Nationwide defies Alistair Darling on mortgage interest rate cuts
- Nationwide, Britain's biggest building society, will not pass on any further cuts to the Bank of England base rate to customers with tracker mortgages, The Times has learnt. The lender plans to invoke a rule in its mortgage contracts allowing it to freeze tracker rates when the base rate falls...
- News items 2009-08-07
- Is the end of the credit crunch finally in sight?
- This week marks the second anniversary of the beginning of the most traumatic global financial crisis in living memory, a crash that has brought banks to their knees, triggered the deepest recession since the 1930s and stretched the finances of some families to breaking point. August 9, 2007, will go...
- News items 2009-08-14
- Saffron relaunches climate change tracker.
- Product review. Girlie Garduce Saffron Building Society Type: Lifetime tracker mortgage Description: Saffron Building Society has relaunched its Climate Change Lifetime Tracker'offering a new variable tracker rate mortgage with no extended tie-in at a rate of 5.60 per cent...
- Research articles 2008-03-20
- Ipswich 'ultra-low' tracker rate released.(Interest rates)(Brief Article)
- The Ipswich Building Society is looking to secure a bigger proportion of the tracker market with its new mortgage. However, IFAs have suggested it offers little incentive. Ipswich's tracker matches the Bank of England base rate for two years, after which it...
- Research articles 2005-02-24
- New Product - Leeds launches three-year range with flexible emphasis.
- LEEDS Building Society has launched a range of three-year mortgage products, which includes a fixed-rate mortgage, a flexible discount and a flexible tracker. The flexible 1.51 percentage point discount for three years is 4.99 per cent and is available for up to 95...
- Research articles 2006-05-18
- Tracker for life that will stay at same rate for three years.
- DUNFERMLINE Building Society has launched a lifetime tracker mortgage guaranteed not to go above 6.09 per cent for three years. The product has been set at 0.74 percentage points above the Bank of England base rate and is capped at 6.09 until 31 May 2007,...
- Research articles 2004-06-10
- The devil is in the detail; Trackers seem to be the answer for customers looking for a good deal on their mortgage. But they are not always as simple as they seem.
- John Gill As ever-MORE savvy homebuyers trawl the market for the best deals, tracker mortgages which promise to mirror any changes in the base rate are attracting an increasing proportion of business. Customers are lured by the prospect of benefiting instantly from...
- Research articles 2002-10-16
- Charcol's capped five-year tracker offers security.(Brief Article)
- A NEW five-year capped tracker mortgage from Charcol could offer customers security, an IFA has said. Nick Hanson, director of Hanson Financial Management in Cambridgeshire, said: "It is a good product with a good rate for those who want that kind of security." ...
- Research articles 2004-12-02
- Pink enters sub prime market with tracker.
- PINK Home Loans has launched a sub-prime mortgage tracking the Bank of England base rate for two years. The product is available at base rate plus 2.69 percentage points and is offered up to 95 per cent loan-to-value for loans up to a maximum ...
- Research articles 2004-06-17
- Mortgages.
- Tracker mortgage Norwich and Peterborough building society Type: Feather Light tracker mortgage Description: As part of a new range of mortgages serving the credit impaired consumer, Norwich and Peterborough's Feather Light mortgage is a two-year tracker, offered at a...
- Research articles 2007-01-25
- Mortgages.
- Stepped Tracker John Charcol Type: Stepped tracker. Description: Funded by Woolwich and offered with no extended tie-in, this mortgage is offered on a maximum loan-to-value of 80 per cent. In year one the rate is 4.99 per cent, 0.26...
- Research articles 2007-02-22
- Property: Cash Points
- Mortgage broker Savills Private Finance is offering a capped rate mortgage at 5.49 per cent for three years. There are no extended redemption penalties but you will have to pay a lender's arrangement fee of pounds 195. Savills Private Finance, 0870 900 7762 Charcol...
- Research articles 2001-08-12
- Range of home loans launched by Halifax.(Brief Article)
- HALIFAX has launched a range of mortgage rates. Its Home Mover loan is a two-year mortgage fixed at 3.99 per cent available for loans up to GBP1m, with a GBP299 arrangement fee for those borrowing up to 80 per cent loan-to-value. The...
- Research articles 2002-12-13
- New Products.
- CREDIT REPAIR ACCORD MORTGAGES Type: Three-year stepped-tracker credit repair mortgage. Details: First year at Bank of Englang Base Rate plus 0.25 of a percentage point, currently 4.75 per cent. Year two is base rate plus 0.75 of a percentage...
- Research articles 2006-07-20
- Property: DEAL FINDER
- GMAC has added a tracker product to its expanding buy- to-let mortgage range, which also includes a couple of two-year fixed-rate products. The new product tracks the three-month London Inter-Bank Offered Rate Libor, the rate at which banks lend to each other, rather than the Bank of...
- Research articles 2002-01-20
- New Products and what We think of them...
- Mortgages TRACKER Abbey Type: Five-year tracker Description: The Abbey is offering a five-year tracker mortgage at the Bank of England base rate plus 1.54 per cent, currently 7.29 per cent, with a five per cent...
- Research articles 2007-11-01
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