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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, 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.

Existing Principality mortgage customers.

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
2 Year Flexible Tracker 2.49% Bank of england bank rate plus 1.99% until 30/06/2015 4.99% 4.9% APR £900 £99 More about this product

Our 2 Year Tracker Flexible 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 60% of the value or purchase price of your property (LTV)
  • You want to borrow up to £500,000
  • This is a repayment only mortgage

View full product details
2 Year Flexible Tracker 2.79% Bank of england bank rate plus 2.29% until 30/06/2015 4.99% 4.8% APR £900 £99 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 75% of the value or purchase price of your property (LTV)
  • You want to borrow up to £500,000
  • This is a repayment only mortgage

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).

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.