2 Year Tracker Mortgages
2 Year Tracker Mortgages - 2 year tracker mortgages are mortgages where the interest rate is set against a certain public interest rate, usually the base rate but sometimes the LIBOR or another rate, for the first 2 years of the mortgage’s term. The rate is usually a few percentage points above (sometimes below) that of the variable interest rate it is tracking, which is determined before the loan is approved for any of the 2 year tracker mortgages available. If the total repayment schedule for any 2 year tracker mortgages is longer than two years, the rate of interest on the mortgage may change to a fixed rate, a flexible rate, or a different type of tracker rate. 2 year tracker mortgages can be a cost-effective option when it is expected that the base rate of interest that the mortgage rate is tracking is expected to remain low for a lengthy period of time or fall.
By paying close attention to changes in the mortgage markets, and fluctuations in interest rates, our award-winning team have the expertise to find determine whether 2 year tracker mortgages are appropriate to your circumstance. We have years of experience dealing with clients with a wide variety of budgets, incomes and assets. Our advisers can search through a range of 2 year tracker mortgages on the market to find which best fit your borrowing criteria and needs.
Got a question about a 2 year tracker mortgage?
Call our mortgage broker team now on 020 3 216 2037 or complete the Mortgage Enquiry Online. As part of our service, we will call you back.