Tracker Mortgages

Yorkshire Building Society announces today a new range of competitive Bank of England tracker mortgages as customer demand swings back to this type of mortgage from the fixed rate market.

With two base rate increases already this summer and the expectation that we could be reaching the top of the interest rate cycle, Woolwich today launches a lifetime tracker with no application fees at just 0.17 per cent above base rate (current payment rate 5.92 per cent), its best ever rate for a fee free lifetime tracker.

Drew Wotherspoon of John Charcol comments, “Unless you’ve been on the moon recently, you can’t have missed reports of the great fixed rate disappearing trick over the last few months.

Leeds Building Society has launched a new lifetime tracker mortgage specifically designed to cater for customers who require a mortgage in excess of £500,000.

Nationwide Building Society has announced details of a new two year tracker mortgage for home buyers - available from 4.49% - one of the lowest rates on the market.

Borrowers unsure what the future holds for the UK’s interest rates can benefit from the two new capped rate mortgages, launched by Skipton Building Society.

Leeds Building Society has launched a new Lifetime Tracker mortgage with enhanced income multiples, which is available up to 95% loan to value and there is no higher lending charge.

With base rates reaching 5.25 per cent and expectations that they will go higher still, Woolwich is launching the UK’s first lifetime tracker (base + 0.23 per cent) with the optional protection of a ‘cap’ at 5.99 per cent for the first two years of the mortgage.

Internet bank, smile, is launching a new tracker rate mortgage product.

Alliance & Leicester is launching new prime mortgage deals which will be available from Wednesday 20 December.

Britannia Building Society is launching the following tracker mortgages on Friday 24th November 2006: