Tracker Mortgages
Tracker mortgage borrowers risk squandering low rate benefits
More than half (56%) of borrowers who say they are on a tracker mortgage are not taking advantage of historic low interest rates to overpay on their mortgage, suggests research by professional advice website Unbiased.co.uk.
Yorkshire Building Society re-enters tracker market
Yorkshire Building Society has re-entered the tracker mortgage market with a brace of two and three year products available up to 75% loan to value.
The Co-operative Bank launches new tracker mortgage range
The Co-operative Bank is launching a new tracker mortgage range on Friday 30th January. The range will include a three and five year tracker and full details are as follows:
Mortgage risk and exposure triples in past three months
Rather than being a cure-all, new trackers have become the ultimate 'handle with care' mortgage with bank margins now at a dangerous level for borrowers.
Nationwide not to pass on base rate cuts to tracker customers
Commenting on Nationwide saying it won't pass on any further cuts in UK interest rates to 250,000 of its tracker mortgage customers, Louise Cuming, head of mortgages at moneysupermarket.com, said: "This demonstrates the chasm between Government rhetoric calling for lenders to pass on all rate cuts and financial reality.
Nationwide launches two year tracker mortgage
Nationwide Building Society has announced it will be making some changes to its mortgage products, including the launch of a new two year tracker mortgage.
Trackers fail to make reappearance
Last week, the Bank of England slashed the base rate again in an attempt to kick start the economy, but after three strikes by the committee, it is clear that we have seemingly reached a dead-end on the industry's favourable response to it.
Tracker mortgage customers to save on repayments
The UK's three million tracker mortgage customers will save around £9 billion in mortgage repayments over the next year following the recent base rate cuts, according to research from uSwitch.com.
Lloyds TSB and C&G launch new tracker mortgage range
Lloyds TSB and C&G launch a new tracker range with rates starting from 3.69%. Following the 1 percentage point cut in the Bank of England base rate, LIBOR - used by lenders to fund trackers - has fallen by 0.4%.
first direct launches new base rate tracker mortgages
first direct has launched two new market leading base rate tracker mortgages available from today, Friday 5 December.
Alliance & Leicester withdraws Tracker Mortgage
Following the cut in the Bank of England Base Rate announced today, Alliance & Leicester will be temporarily withdrawing its Tracker Mortgage from its mortgage range from the close of business today, Thursday 4 December 2008.
Nationwide launches two year tracker mortgage
Nationwide Building Society has today announced it will be launching a new two year tracker mortgage available from 4.99% with a reservation fee of £995, effective from 1 December 2008.
uSwitch.com's tracker mortgage tracker
Just two weeks after the unprecedented base rate decrease of 1.5% and the ensuing tracker mortgage market exodus, 16 key providers have now re-launched these products at an average rate of 5.24% APR, according to uSwitch.com.
New tracker rates - Step in the right direction
James Caldwell, director at Fairinvestment.co.uk comments on the announcements by lenders Abbey, Lloyds TSB and Alliance and Leicester that they are to re-introduce tracker rates mortgage deal into the market.
Lloyds TSB and C&G launch new trackers
Lloyds TSB and Cheltenham & Gloucester will launch a new range of lower priced trackers on Wednesday 12 November.