11/06/2026
Mortgage Terms Explained.... TRACKER MORTGAGE
A mortgage with an interest rate that follows the Bank of England Base Rate.
They often have a lower exit fee meaning you can switch later if fixed rates come down.
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Your home/property may be repossessed if you do not keep up
repayments on your mortgage. The Financial Conduct Authority does not regulate some forms of Buy to Lets. There may be a fee for mortgage advice. The precise amount of the fee will depend upon your circumstances but will range from £395 to £595 and this will be discussed and agreed with you at the earliest opportunity. If you are having issues do not hesitate to get in touch with us.