Tracker Mortgages have been popular in the United Kingdom since the mid-to-late nineties. In general, a tracker mortgage is a variable rate mortgage instrument that is linked closely to the Bank of England base rate, usually within one percentage point above or below.

Because it is linked to this rate, tracker mortgages are often significantly more predictable than other variable rate instruments. They are often used in buy-to-let transactions, wherein a potential landlord takes out a tracker mortgage with the intent of buying a piece of property that they will subsequently let for profit.

The major benefit of a tracker mortgage is that rates generally start lower than similar fixed rate mortgage options. This can result in significant savings if the Bank of England base rate stays somewhat static over the term of the loan. These rates often see the best results when the term of the mortgage is kept short; however, longer term tracker loans can also be a very good investment. Many landlords using these mortgages have seen profit margins in excess of 5.5% over the last several years.

As with many other types of mortgages, now is a great time to be investing in property with a tracker mortgage. Rates are at or near all time lows, and should be expected to rise over the next several years. By investing now, prospective landlords can purchase property at these discounted rates and then let the property or sell it at a significant gain in the near future.
By spending a few minutes filling out this brief form you can find out what rates you qualify for and get quotes quickly from professional mortgage brokers.

With the market in its current state, a few minutes spent now could result in significant savings or profit over the next few years

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