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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, you need to be sure you can manage higher 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 Fee More details
Two Year Flexible Tracker 85% LTV 4.49% Bank of england base rate plus 3.99% until 31/03/2014 4.99% 5.1% APR £999 More about this product

Our 2 Year Flexible Tracker Mortgage is the one for you, if:

  • You want your mortgage rate to track the Bank of England Bank Rate for the first two years
  • You want to be able to adapt your mortgage to deal with life’s ups and downs
  • You want to be able to make overpayments or take payment holidays, for those times when money is tight
  • You want to borrow up to the lower of 85% of the value or purchase price of your property

View full product details
2 Year Flexible Tracker Fee Saver 3.99% Bank of england bank rate plus 3.49% until 31/03/2014 4.99% 5.0% APR £0 More about this product

    Our 2 Year Flexible Tracker Fee Saver Mortgage is the one for you, if:

  • You want your mortgage rate to track the Bank of England Bank Rate and be discounted for the first two years
  • You want to minimise the costs of arranging your mortgage
  • You want the flexibility of adapting your mortgage to deal with life’s ups and downs
  • You want to be able to make overpayments or take payment holidays, for those times when money is tight

View full product 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
  • No product fee option available
  • At the end of the tracker mortgage period your mortgage rates will revert to the Standard Variable Rate (SVR).

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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 and regulated by the Financial Services Authority (Authorisation No. 155998). The Financial Services Authority does not regulate commercial or business related mortgages.