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Tracker mortgages

TRACKER MORTGAGES

A tracker mortgage has a variable mortgage rate that is linked to the Bank of England Bank Rate often called the base rate. The Bank Rate is reviewed on a monthly basis which means tracker mortgage rates will increase when the Bank Rate rises or decrease when the Bank Rate falls. If you take out a tracker mortgage when the interest rate is low, your monthly repayments will also be low. However, if the Bank Rate increases, so will your monthly mortgage repayments.

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Tracker Mortgage Rates

Principality offers tracker mortgages at competitive tracker mortgage rates that are linked to the Bank of England Bank Rate for a set number of years.

YOUR HOME MAY BE REPOSSESSED IF YOU DO NOT KEEP UP REPAYMENTS ON YOUR MORTGAGE

Our Tracker Mortgages

Initial rate Terms Then changing to SVR, currently Overall cost for comparison Product Fee Mortgage Commitment Fee More details

The following are some of the features available with Principality’s Tracker Mortgages

  • Flexible tracker mortgages offer optional payment holidays, overpayment and underpayment facilities (subject to certain conditions) that allow you to adjust your tracker mortgage repayments to accommodate your budget
  • Switch to Fix tracker mortgages track the Bank of England Bank Rate but allow you the option of switching to a fixed interest rate at any time
  • At the end of the tracker mortgage period your mortgage rates will revert to the Standard Variable Rate (SVR).

YOUR HOME MAY BE REPOSSESSED IF YOU DO NOT KEEP UP REPAYMENTS ON YOUR MORTGAGE

This website is only for use in the UK and the products and services on it are only available to you if you are a UK resident. Mortgages are only available on properties in England and Wales.

To help us maintain our service and security standards, telephone calls may be monitored or recorded. Your personal details may be used to contact you about your application.

Principality Building Society is authorised by the Prudential Regulation Authority and regulated by the Financial Conduct Authority and the Prudential Regulation Authority, reference number 155998.