Latest News: Manx Tails February 2012 > Read more > All news
Tracker Rates
Typically these offer a premium either above or below the Bank of England (BoE) Base Rate. When the BoE base rate moves, so does the interest rate charged and therefore so does your monthly mortgage payment. The majority of lenders offer a standard tracker rate, which usually has no penalties attached, offering not only good value for money but a degree of flexibility that may suit your requirements.