
Capital Repayment Mortgages
Interest Only Mortgages
Endowment Mortgages
Variable Rate Mortgages
Buy To Let Mortgages
First Time Buyer Mortgages
Equity Release Mortgages
Tracker Rate Mortgages
Fixed Rate Mortgages
Capped Rate Mortgages
Discounted Rate Mortgages
Let To Buy Mortgages
Right To Buy Mortgages
Shared Ownership Mortgages
Adverse Mortgages
Self Certification Mortgages
Keyworker Mortgages
New Build Mortgages
Self Build Mortgages
Shared Equity Mortgages
A Tracker rate mortgage has a variable rate set either above or below the Bank of England base rate. The rate depends on a number of varying circumstances and Lender. Tracker mortgages are like discount mortgages in that they fluctuate in accordance with prevailing economic conditions without upper limits on the pay rate. The advantages are that they are set by the Bank of England and not an independent mortgage lender.
This type of mortgage is if you like a little more “risky” as economic changes can determine whether rates increase or decrease. Some customers choose these mortgages when the current Bank of England Base rate is on a decline as their mortgage payments will generally decrease with them.
Rainbow is a trading style of Havering Financial Consultancy who is an appointed representative of Intrinsic Financial Planning Limited which is authorised and regulated by the Financial Services Authority.