Tracker Mortgages
Your rate follows the Bank of England base rate and only moves when that rate does.
Why tracker?
A tracker mortgage has an interest rate that follows the Bank of England base rate, the benchmark rate the Bank sets for the wider economy. If the base rate goes up, your rate and your monthly payments go up with it. If it drops, you pay less. The link is direct, so you can always work out why your rate sits where it does. For borrowers who like knowing where they stand, that clarity is a big part of the draw.
Most tracker deals sit at a set margin above the base rate, say base rate plus 0.75%. A [standard variable rate](/mortgage-types/variable-rate-mortgages) is different: your lender can move it whenever it likes. A tracker only shifts when the base rate itself moves, so you know exactly what triggers a change in your payments, even though the rate can still go up or down.
At Clearview Mortgage Solutions, our advisers can talk through whether a tracker mortgage suits your finances and how you feel about your payments moving over time. We compare tracker deals across 90+ UK lenders, so your options are not limited to whatever one bank happens to offer. If you would like to weigh it up with someone, [get in touch](/contact) for a free, no-obligation chat.
Key facts
90+
UK lenders compared
FCA
Regulated advice
Free
Initial consultation
CeMAP
Qualified advisers
Your next moves.
The shortest path from where you are to a real mortgage offer.
Estimate your monthly cost and how much you could borrow with our tracker calculator.
Open calculatorRun the numbers.
Read the guides.
Explainers covering deposits, schemes, the application, and what lenders actually look for.
Guides about Tracker mortgages
A guide to tracker mortgages
How tracker mortgages work, the way the base rate feeds into your payments, and how to tell whether a tracker deal suits you.
ReadTracker vs fixed rate mortgages
Tracker and fixed rate mortgages compared side by side, so you can decide which one fits your circumstances.
ReadHow base rate changes affect your mortgage
What the Bank of England base rate is, how it shapes mortgage rates, and what rising or falling rates mean for your repayments.
Read
Frequently asked.
Your rate goes up by the same amount as the base rate. If the base rate rises by 0.25%, your tracker rate rises by 0.25% too, and your monthly payments follow. How much more you pay in pounds depends on your outstanding balance and how long you have left on the term.
Talk to a specialist.
tracker mortgages have their own quirks. Our CeMAP-qualified advisers compare 90+ UK lenders and explain how each one applies to you — no obligation.
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Higher approval confidence
Our brokers know which lenders suit first-time buyers, remortgagers, buy-to-let, and complex cases.
Service that performs
Clear communication, realistic timelines, and the right product — not just the lowest headline rate.