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Whether you’re looking into buying a house or considering a remortgage, you may have come across the term ‘tracker mortgages’. A tracker mortgage is a mortgage loan, which tracks the Bank of England’s ‘base rate’ and adds a set percentage. If the base rate increases, your mortgage rate rises accordingly. Here, we’ll tell you everything…
If you’re looking into buying a house, you may be wondering what standard variable rate mortgages (SVRM) are. A standard variable rate mortgage is a type of mortgage loan that can change each month. It works by charging the standard variable rate, which is set by the lender. If you don’t remortgage your fixed, tracker…
Owning a home is a keystone of wealth… both financial affluence and emotional security.
