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Tracker Mortgages

Tracker Mortgages Demystified

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What is a Tracker Mortgage?

Before getting into the details of tracker mortgages or variable-rate mortgages, it is imperative to understand its basics. Variable-rate mortgage is a type of mortgage where the mortgage interest is governed by the base interest rate set by the Bank of England. The mortgage interest rate will generally be set at a certain percentage above the rate set by the Bank of England.…

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