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Tracker Mortgages

A tracker mortgage has an interest rate that moves directly in line with the Bank of England base rate. When the base rate goes up, your mortgage rate and monthly payments increase. When it goes down, you pay less. This transparency makes tracker mortgages popular with borrowers who want a clear, predictable link between their rate and the wider economy.

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Tracker Mortgage Advice

A tracker mortgage has an interest rate that moves directly in line with the Bank of England base rate. When the base rate goes up, your mortgage rate and monthly payments increase. When it goes down, you pay less. This transparency makes tracker mortgages popular with borrowers who want a clear, predictable link between their rate and the wider economy.

Tracker mortgages typically come with a set margin above the base rate, for example base rate plus 0.75%. Unlike a standard variable rate, which your lender can change at any time, a tracker rate can only move when the base rate itself changes. This gives you a level of certainty about how your rate is set.

At Clearview Mortgage Solutions, our advisers can help you decide whether a tracker mortgage suits your financial situation and risk appetite. We compare tracker deals across 90+ UK lenders to find the right product for you.

Read our full guide here

Want to understand how tracker mortgages work in detail? Our complete guide explains how the base rate affects your payments, the different types of tracker deal, and when a tracker might be the right choice.

  1. Work out your affordability

    Use our free calculator to estimate your monthly capital and interest repayments—see how loan amount, rate and term affect your budget before you apply.

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  2. Explore our mortgage guides

    Our jargon-free guides cover deposits, LTV, stamp duty and the mortgage application process for tracker—so you know what to expect.

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  3. Compare mortgage rates

    Filter by rate type, term and product fee across 90+ UK lenders. See which mortgage products could save you money.

    Compare deals
  4. Get personalised mortgage advice

    Our CeMAP-qualified mortgage advisers compare products from 90+ UK lenders and guide you through the mortgage application—no obligation.

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Got Questions?
We've Got Answers

Find quick answers to the most common mortgage questions. Can't find what you're looking for? Our team is here to help.

Your mortgage rate will increase by the same amount as the base rate rise. For example, if the base rate goes up by 0.25%, your tracker rate will also increase by 0.25%, and your monthly payments will go up accordingly. The exact increase in pounds depends on your outstanding balance and remaining term.

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