We have 151 2-year trackers on our database from 9 lenders. With rates being quite unpredictable, our database shows what is currently available and the fees that accompany them. Our list of rates shows that Virgin Money are offering a Moving Home Freedom to Fix Tracker from 4.67% with a £995 product fee, whilst TSB offers 4.74% for their Remortgage Tracker rates with a £995 product fee.
Contents
- Barclays 2-year tracker mortgage
- Coventry BS 2-year tracker mortgage
- HSBC 2-year tracker mortgage
- Nationwide BS 2-year tracker mortgage
- NatWest Bank 2-year tracker mortgage
- Santander 2-year tracker mortgage
- TSB 2-year tracker mortgage
- Virgin Money 2-year tracker mortgage
- Yorkshire BS 2-year tracker mortgage
- 2 Year Tracker Mortgages FAQs
We have 151 2-year trackers on our database from 9 lenders. With rates being quite unpredictable, our database shows what is currently available and the fees that accompany them. Our list of rates shows that Virgin Money are offering a Moving Home Freedom to Fix Tracker from 4.67% with a £995 product fee, whilst TSB offers 4.74% for their Remortgage Tracker rates with a £995 product fee.
Check back weekly or favourite this page to keep an eye on the ever-changing rates. The table below is updated as of June 23, 2025 and rates are subject to change.
Barclays 2-year tracker mortgage
| COMPANY | TYPE | TERM | INITIAL RATE | THE OVERALL COST FOR COMPARISON IS | PRODUCT FEE | LOAN TO VALUE (LTV) |
|---|---|---|---|---|---|---|
| BARCLAYS | 2 year Offset Tracker at BEBR + 1.22% for 2 years Residential Purchase Offset | 2 years | 5.47% | 6.4 APRC | £1749.00 | 75% |
| BARCLAYS | 2 year Tracker at BEBR + 0.21% for 2 years Rate | 2 years | 4.46% | 6.1 APRC | £999.00 | 60% |
| BARCLAYS | 2 year Tracker at BEBR + 0.49% for 2 years Rate | 2 years | 4.74% | 6.1 APRC | £0.00 | 60% |
| BARCLAYS | 2 year Tracker at BEBR + 0.36% for 2 years Rate | 2 years | 4.61% | 6.2 APRC | £999.00 | 75% |
| BARCLAYS | 2 year Tracker at BEBR + 0.76% for 2 years Rate | 2 years | 4.98% | 6.2 APRC | £999.00 | 85% |
| BARCLAYS | 2 year Tracker at BEBR + 1.10% for 2 years Rate | 2 years | 5.35% | 6.3 APRC | £999.00 | 90% |
| BARCLAYS | 2 year Tracker at BEBR + 0.50% for 2 years Premium Exclusive Rate | 2 years | 4.75% | 6.1 APRC | £0.00 | 75% |
| BARCLAYS | 2 year Tracker at BEBR + 0.35% for 2 years Rate | 2 years | 4.60% | 6.1 APRC | £1999.00 | 60% |
| BARCLAYS | 2 year Tracker at BEBR + 0.55% for 2 years Rate | 2 years | 4.80% | 6.1 APRC | £1999.00 | 70% |
| BARCLAYS | 2 year Tracker at BEBR + 0.57% for 2 years Rate | 2 years | 4.82% | 6.1 APRC | £1999.00 | 75% |
| BARCLAYS | Residential Remortgage Offset Tracker at BEBR + 1.22% | 2 years | 5.47% | 6.4 APRC | £1749.00 | 75% |
| BARCLAYS | Residential Remortgage Tracker at BEBR + 0.21% | 2 years | 4.46% | 6.1 APRC | £999.00 | 60% |
| BARCLAYS | Residential Remortgage Tracker at BEBR + 0.36% | 2 years | 4.61% | 6.2 APRC | £999.00 | 75% |
| BARCLAYS | Residential Remortgage Tracker at BEBR + 0.76% | 2 years | 4.98% | 6.2 APRC | £999.00 | 85% |
| BARCLAYS | Residential Remortgage Tracker at BEBR + 0.50% Premium Exclusive | 2 years | 4.75% | 6.1 APRC | £0.00 | 75% |
| BARCLAYS | Residential Remortgage Tracker at BEBR + 0.35% | 2 years | 4.60% | 6.1 APRC | £1999.00 | 60% |
| BARCLAYS | Residential Remortgage Tracker at BEBR + 0.55% | 2 years | 4.80% | 6.1 APRC | £1999.00 | 70% |
| BARCLAYS | Residential Remortgage Tracker at BEBR + 0.57% | 2 years | 4.82% | 6.1 APRC | £1999.00 | 75% |
| BARCLAYS | Existing Residential Mortgage Customers Reward Tracker | 2 years | 4.39% | 6.1 APRC | £999.00 | 60% |
| BARCLAYS | Existing Residential Mortgage Customers Reward Tracker | 2 years | 4.74% | 6.1 APRC | £0.00 | 60% |
| BARCLAYS | Existing Residential Mortgage Customers Reward Tracker | 2 years | 4.55% | 6.1 APRC | £999.00 | 75% |
| BARCLAYS | Existing Residential Mortgage Customers Reward Tracker | 2 years | 4.75% | 6.1 APRC | £0.00 | 75% |
| BARCLAYS | Existing Residential Mortgage Customers Reward Tracker | 2 years | 5.11% | 6.2 APRC | £99.00 | 80% |
| BARCLAYS | Existing Residential Mortgage Customers Reward Tracker | 2 years | 4.71% | 6.2 APRC | £999.00 | 90% |
| BARCLAYS | Existing Residential Mortgage Customers Reward Tracker | 2 years | 5.45% | 6.2 APRC | £0.00 | 90% |
| BARCLAYS | Existing Residential Mortgage Customers Reward Offset Tracker | 2 years | 5.47% | 6.4 APRC | £1749.00 | 80% |
| BARCLAYS | Existing Residential Mortgage Customers Reward Tracker | 2 years | 4.60% | 6.1 APRC | £1999.00 | 70% |
| BARCLAYS | Existing Residential Mortgage Customers Reward Offset Tracker | 2 years | 5.98% | 6.4 APRC | £1999.00 | 70% |
| BARCLAYS | Existing Mortgage Customers Reward Buy-to-Let Tracker | 2 years | 5.19% | 8.3 APRC | £1795.00 | 65% |
| BARCLAYS | Existing Mortgage Customers Reward Buy-to-Let Tracker | 2 years | 5.27% | 8.3 APRC | £1795.00 | 75% |
| BARCLAYS | Existing Mortgage Customers Reward Buy-to-Let Tracker | 2 years | 5.80% | 8.3 APRC | £0.00 | 75% |
| BARCLAYS | Existing Mortgage Customers Reward Buy-to-Let Tracker | 2 years | 5.40% | 8.3 APRC | £1795.00 | 60% |
Coventry BS 2-year tracker mortgage
| COMPANY | TYPE | TERM | INITIAL RATE | THE OVERALL COST FOR COMPARISON IS | PRODUCT FEE | LOAN TO VALUE (LTV) |
|---|---|---|---|---|---|---|
| COVENTRY BS | Existing Members Bank Base Rate Flexx Tracker | 2 years | 4.80% | 6.7 APRC | £999.00 | 65% |
| COVENTRY BS | Existing Members Bank Base Rate Flexx Tracker | 2 years | 4.95% | 6.7 APRC | £999.00 | 75% |
HSBC 2-year tracker mortgage
| COMPANY | TYPE | TERM | INITIAL RATE | THE OVERALL COST FOR COMPARISON IS | PRODUCT FEE | LOAN TO VALUE (LTV) |
|---|---|---|---|---|---|---|
| HSBC | First Time Buyer Tracker Standard | 2 years | 4.44% | 6.6 APRC | £999.00 | 60% |
| HSBC | First Time Buyer Tracker Standard | 2 years | 4.54% | 6.6 APRC | £999.00 | 70% |
| HSBC | First Time Buyer Tracker Standard | 2 years | 4.54% | 6.6 APRC | £999.00 | 75% |
| HSBC | First Time Buyer Tracker Standard | 2 years | 4.64% | 6.6 APRC | £999.00 | 80% |
| HSBC | First Time Buyer Tracker Standard | 2 years | 4.79% | 6.6 APRC | £999.00 | 85% |
| HSBC | First Time Buyer Tracker Standard | 2 years | 4.94% | 6.7 APRC | £999.00 | 90% |
| HSBC | Remortgage Tracker Standard | 2 years | 4.49% | 6.6 APRC | £999.00 | 60% |
| HSBC | Remortgage Tracker Standard | 2 years | 4.54% | 6.6 APRC | £999.00 | 70% |
| HSBC | Remortgage Tracker Standard | 2 years | 4.54% | 6.6 APRC | £999.00 | 75% |
| HSBC | Remortgage Tracker Standard | 2 years | 4.74% | 6.6 APRC | £999.00 | 80% |
| HSBC | Remortgage Tracker Standard | 2 years | 4.79% | 6.6 APRC | £999.00 | 85% |
| HSBC | Remortgage Tracker Standard | 2 years | 4.99% | 6.7 APRC | £999.00 | 90% |
| HSBC | Buy-to-Let Purchase Tracker Fee Saver | 2 years | 5.34% | 7.4 APRC | £0.00 | 60% |
| HSBC | Buy-to-Let Purchase Tracker Standard | 2 years | 4.52% | 7.5 APRC | £1999.00 | 60% |
| HSBC | Buy-to-Let Remortgage Tracker Fee Saver | 2 years | 5.34% | 7.4 APRC | £0.00 | 60% |
| HSBC | Buy-to-Let Remortgage Tracker Standard | 2 years | 4.73% | 7.5 APRC | £1999.00 | 60% |
| HSBC | Buy-to-Let Purchase Tracker Fee Saver | 2 years | 5.34% | 7.4 APRC | £0.00 | 65% |
| HSBC | Buy-to-Let Purchase Tracker Standard | 2 years | 4.67% | 7.5 APRC | £1999.00 | 65% |
| HSBC | Buy-to-Let Remortgage Tracker Fee Saver | 2 years | 5.34% | 7.4 APRC | £0.00 | 65% |
| HSBC | Buy-to-Let Remortgage Tracker Standard | 2 years | 4.79% | 7.5 APRC | £1999.00 | 65% |
| HSBC | Buy-to-Let Purchase Tracker Fee Saver | 2 years | 5.44% | 7.4 APRC | £0.00 | 75% |
| HSBC | Buy-to-Let Purchase Tracker Standard | 2 years | 4.94% | 7.6 APRC | £1999.00 | 75% |
| HSBC | Buy-to-Let Remortgage Tracker Fee Saver | 2 years | 5.44% | 7.4 APRC | £0.00 | 75% |
| HSBC | Buy-to-Let Remortgage Tracker Standard | 2 years | 4.99% | 7.6 APRC | £1999.00 | 75% |
| HSBC | Moving Home Tracker Standard | 2 years | 4.44% | 6.6 APRC | £999.00 | 60% |
| HSBC | Moving Home Tracker Standard | 2 years | 4.54% | 6.6 APRC | £999.00 | 70% |
| HSBC | Moving Home Tracker Standard | 2 years | 4.54% | 6.6 APRC | £999.00 | 75% |
| HSBC | Moving Home Tracker Standard | 2 years | 4.64% | 6.6 APRC | £999.00 | 80% |
| HSBC | Moving Home Tracker Standard | 2 years | 4.79% | 6.6 APRC | £999.00 | 85% |
| HSBC | Moving Home Tracker Standard | 2 years | 4.94% | 6.7 APRC | £999.00 | 90% |
| HSBC | Existing Customer (Switch to New Rate) Tracker Standard | 2 years | 4.39% | 6.7 APRC | £999.00 | 60% |
| HSBC | Existing Customer (Switch to New Rate) Tracker Fee Saver | 2 years | 5.09% | 7.0 APRC | £0.00 | 60% |
| HSBC | Existing Customer (Switch to New Rate) Tracker Fee Saver Buy to Let | 2 years | 5.34% | 7.4 APRC | £0.00 | 60% |
| HSBC | Existing Customer (Switch to New Rate) Tracker Standard Buy to Let | 2 years | 4.52% | 7.8 APRC | £1999.00 | 60% |
| HSBC | Existing Customer (Switch to New Rate) Tracker Standard Buy to Let | 2 years | 4.67% | 7.8 APRC | £1999.00 | 65% |
| HSBC | Existing Customer (Switch to New Rate) Tracker Fee Saver Buy to Let | 2 years | 5.34% | 7.4 APRC | £0.00 | 65% |
| HSBC | Existing Customer (Switch to New Rate) Tracker Standard | 2 years | 4.49% | 6.8 APRC | £999.00 | 70% |
| HSBC | Existing Customer (Switch to New Rate) Tracker Fee Saver | 2 years | 5.09% | 7.0 APRC | £0.00 | 70% |
| HSBC | Existing Customer (Switch to New Rate) Tracker Standard | 2 years | 4.49% | 6.8 APRC | £999.00 | 75% |
| HSBC | Existing Customer (Switch to New Rate) Tracker Fee Saver | 2 years | 5.09% | 7.0 APRC | £0.00 | 75% |
| HSBC | Existing Customer (Switch to New Rate) Tracker Fee Saver Buy to Let | 2 years | 5.44% | 7.4 APRC | £0.00 | 75% |
| HSBC | Existing Customer (Switch to New Rate) Tracker Standard Buy to Let | 2 years | 4.89% | 7.9 APRC | £1999.00 | 75% |
| HSBC | Existing Customer (Switch to New Rate) Tracker Standard | 2 years | 4.64% | 6.8 APRC | £999.00 | 80% |
| HSBC | Existing Customer (Switch to New Rate) Tracker Fee Saver | 2 years | 5.29% | 6.7 APRC | £0.00 | 80% |
| HSBC | Existing Customer (Switch to New Rate) Tracker Standard | 2 years | 4.69% | 6.8 APRC | £999.00 | 85% |
| HSBC | Existing Customer (Switch to New Rate) Tracker Fee Saver | 2 years | 5.34% | 6.7 APRC | £0.00 | 85% |
| HSBC | Existing Customer (Switch to New Rate) Tracker Standard | 2 years | 4.69% | 6.8 APRC | £999.00 | 90% |
| HSBC | Existing Customer (Switch to New Rate) Tracker Fee Saver | 2 years | 5.34% | 6.7 APRC | £0.00 | 90% |
| HSBC | Existing Customer (Switch to New Rate) Tracker Fee Saver | 2 years | 5.49% | 6.7 APRC | £0.00 | 95% |
Nationwide BS 2-year tracker mortgage
| COMPANY | TYPE | TERM | INITIAL RATE | THE OVERALL COST FOR COMPARISON IS | PRODUCT FEE | LOAN TO VALUE (LTV) |
|---|---|---|---|---|---|---|
| NATIONWIDE BS | Buy to Let Purchase Remortgage Tracker | 2 years | 4.84% | 8.74% | £1495.00 | 75% |
| NATIONWIDE BS | Buy to Let Purchase Remortgage Tracker | 2 years | 5.34% | 8.74% | £0.00 | 75% |
| NATIONWIDE BS | Buy to Let Remortgage Further Advance Limited Company Tracker | 2 years | 4.74% | 8.74% | 3% of loan | 75% |
| NATIONWIDE BS | First Time Buyer Tracker | 2 years | 4.59% | 6.8 APRC | £999.00 | 75% |
| NATIONWIDE BS | First Time Buyer Tracker | 2 years | 5.29% | 6.9 APRC | £0.00 | 75% |
| NATIONWIDE BS | Remortgage Tracker | 2 years | 4.54% | 6.8 APRC | £999.00 | 75% |
| NATIONWIDE BS | Remortgage Tracker | 2 years | 5.19% | 6.8 APRC | £0.00 | 75% |
| NATIONWIDE BS | Moving Home Tracker | 2 years | 4.54% | 6.8 APRC | £999.00 | 75% |
| NATIONWIDE BS | Moving Home Tracker | 2 years | 5.14% | 6.8 APRC | £0.00 | 75% |
NatWest Bank 2-year tracker mortgage
| COMPANY | TYPE | TERM | INITIAL RATE | THE OVERALL COST FOR COMPARISON IS | PRODUCT FEE | LOAN TO VALUE (LTV) |
|---|---|---|---|---|---|---|
| NATWEST BANK PLC | First Time Buyer Tracker | 2 years | 4.58% | 7.24% | £995.00 | 75% |
| NATWEST BANK PLC | First Time Buyer Tracker | 2 years | 4.77% | 7.24% | £995.00 | 80% |
| NATWEST BANK PLC | First Time Buyer Tracker | 2 years | 4.80% | 7.24% | £0.00 | 75% |
| NATWEST BANK PLC | First Time Buyer Tracker | 2 years | 5.08% | 7.24% | £0.00 | 80% |
| NATWEST BANK PLC | Moving Home Tracker | 2 years | 4.58% | 7.24% | £995.00 | 75% |
| NATWEST BANK PLC | Moving Home Tracker | 2 years | 4.77% | 7.24% | £995.00 | 80% |
| NATWEST BANK PLC | Moving Home Tracker | 2 years | 4.80% | 7.24% | £0.00 | 75% |
| NATWEST BANK PLC | Moving Home Tracker | 2 years | 5.08% | 7.24% | £0.00 | 80% |
| NATWEST BANK PLC | Remortgage Tracker | 2 years | 4.81% | 7.24% | £995.00 | 75% |
| NATWEST BANK PLC | Remortgage Tracker | 2 years | 4.94% | 7.24% | £995.00 | 80% |
| NATWEST BANK PLC | Remortgage Tracker | 2 years | 5.18% | 7.24% | £0.00 | 75% |
| NATWEST BANK PLC | Remortgage Tracker | 2 years | 5.29% | 7.24% | £0.00 | 80% |
Santander 2-year tracker mortgage
| COMPANY | TYPE | TERM | INITIAL RATE | THE OVERALL COST FOR COMPARISON IS | PRODUCT FEE | LOAN TO VALUE (LTV) |
|---|---|---|---|---|---|---|
| SANTANDER UK PLC. | First Time Buyer Tracker New Build Exclusive | 2 years | 4.70% | 6.5 APRC | £999.00 | 75% |
| SANTANDER UK PLC. | First Time Buyer Tracker | 2 years | 4.70% | 6.5 APRC | £999.00 | 75% |
| SANTANDER UK PLC. | First Time Buyer Tracker New Build Exclusive | 2 years | 5.34% | 6.7 APRC | £0.00 | 90% |
| SANTANDER UK PLC. | First Time Buyer Tracker | 2 years | 5.34% | 6.7 APRC | £0.00 | 90% |
| SANTANDER UK PLC. | Remortgage Tracker | 2 years | 4.68% | 6.5 APRC | £999.00 | 75% |
| SANTANDER UK PLC. | Moving Home Tracker | 2 years | 4.65% | 6.5 APRC | £999.00 | 75% |
| SANTANDER UK PLC. | Moving Home Tracker Build Exclusive | 2 years | 4.65% | 6.5 APRC | £999.00 | 75% |
| SANTANDER UK PLC. | Moving Home Tracker | 2 years | 5.29% | 6.7 APRC | £0.00 | 90% |
| SANTANDER UK PLC. | Moving Home Tracker Build Exclusive | 2 years | 5.29% | 6.7 APRC | £0.00 | 90% |
| SANTANDER UK PLC. | Moving Home Tracker New Build loyal mover Exclusive | 2 years | 5.74% | 6.8 APRC | £0.00 | 95% |
TSB 2-year tracker mortgage
| COMPANY | TYPE | TERM | INITIAL RATE | THE OVERALL COST FOR COMPARISON IS | PRODUCT FEE | LOAN TO VALUE (LTV) |
|---|---|---|---|---|---|---|
| TSB | First Time Buyer Tracker Rate | 2 years | 4.89% | 6.9 APRC | £995.00 | 60% |
| TSB | First Time Buyer Tracker Rate | 2 years | 4.94% | 6.9 APRC | £995.00 | 60% to 75% |
| TSB | First Time Buyer Tracker Rate | 2 years | 5.29% | 7.2 APRC | £995.00 | 75% to 80% |
| TSB | First Time Buyer Tracker Rate | 2 years | 5.29% | 7.2 APRC | £995.00 | 80% to 85% |
| TSB | Remortgage Tracker Rate | 2 years | 4.74% | 7.4 APRC | £995.00 | 60% |
| TSB | Remortgage Tracker Rate | 2 years | 4.79% | 7.4 APRC | £995.00 | 60% to 75% |
| TSB | Remortgage Tracker Rate | 2 years | 5.14% | 7.5 APRC | £995.00 | 75% to 80% |
| TSB | Remortgage Tracker Rate | 2 years | 5.14% | 7.5 APRC | £995.00 | 80% to 85% |
| TSB | Moving Home Tracker Rate | 2 years | 4.74% | 7.5 APRC | £995.00 | 60% |
| TSB | Moving Home Tracker Rate | 2 years | 4.79% | 7.5 APRC | £995.00 | 60% to 75% |
| TSB | Moving Home Tracker Rate | 2 years | 5.14% | 7.5 APRC | £995.00 | 75% to 80% |
| TSB | Moving Home Tracker Rate | 2 years | 5.14% | 7.5 APRC | £995.00 | 80% to 85% |
| TSB | Existing Customers Product Transfer Residential Tracker Rate | 2 years | 4.64% | 7.4 APRC | £995.00 | 60% |
| TSB | Existing Customers Product Transfer Residential Tracker Rate | 2 years | 4.69% | 7.4 APRC | £995.00 | 60% to 75% |
| TSB | Existing Customers Product Transfer Residential Tracker Rate | 2 years | 4.94% | 7.4 APRC | £995.00 | 75% to 80% |
| TSB | Existing Customers Product Transfer Residential Tracker Rate | 2 years | 4.94% | 7.4 APRC | £995.00 | 80% to 85% |
| TSB | Existing Customers Product Transfer Residential Tracker Rate | 2 years | 5.19% | 7.5 APRC | £995.00 | 85% to 90% |
| TSB | Existing Customers Additional Borrowing Residential Tracker Rate | 2 years | 5.04% | 7.3 APRC | £0.00 | 60% |
| TSB | Existing Customers Additional Borrowing Residential Tracker Rate | 2 years | 5.09% | 7.4 APRC | £0.00 | 60% to 75% |
| TSB | Existing Customers Additional Borrowing Residential Tracker Rate | 2 years | 5.34% | 7.4 APRC | £0.00 | 75% to 85% |
| TSB | Existing Customers Product Transfer Buy-to-Let Tracker Rate | 2 years | 4.74% | 8.1 APRC | £995.00 | 60% |
| TSB | Existing Customers Product Transfer Buy-to-Let Tracker Rate | 2 years | 4.89% | 8.1 APRC | £995.00 | 60% to 75% |
| TSB | Existing Customers Additional Borrowing Buy-to-Let Tracker Rate | 2 years | 5.14% | 8.0 APRC | £0.00 | 60% |
| TSB | Existing Customers Additional Borrowing Buy-to-Let Tracker Rate | 2 years | 5.29% | 8.1 APRC | £0.00 | 60% to 75% |
| TSB | Buy-to-Let House Purchase Tracker Rate | 2 years | 4.94% | 8.2 APRC | £995.00 | 60% |
| TSB | Buy-to-Let House Purchase Tracker Rate | 2 years | 5.09% | 8.3 APRC | £995.00 | 60% to 75% |
| TSB | Buy-to-Let Remortgage Tracker Rate | 2 years | 4.94% | 8.2 APRC | £995.00 | 60% |
| TSB | Buy-to-Let Remortgage Tracker Rate | 2 years | 5.09% | 8.2 APRC | £995.00 | 60% to 75% |
Virgin Money 2-year tracker mortgage
| COMPANY | TYPE | TERM | INITIAL RATE | THE OVERALL COST FOR COMPARISON IS | PRODUCT FEE | LOAN TO VALUE (LTV) |
|---|---|---|---|---|---|---|
| VIRGIN MONEY | First Time Buyer Everyday Freedom to Fix Tracker | 2 years | 4.67% | 6.8 APRC | £995.00 | undefined |
| VIRGIN MONEY | Moving Home Everyday Freedom to Fix Tracker | 2 years | 4.67% | 6.8 APRC | £995.00 | undefined |
| VIRGIN MONEY | Remortgage Everyday Freedom to Fix Tracker | 2 years | 4.67% | 6.8 APRC | £995.00 | undefined |
| VIRGIN MONEY | Purchase a Buy-to-Let Property Everyday Tracker |
2 years | 5.35% | 7.7 APRC | £995.00 | undefined |
| VIRGIN MONEY | Remortgage Buy-to-Let Everyday Tracker | 2 years | 5.35% | 7.6 APRC | £995.00 | undefined |
| VIRGIN MONEY | Remortgage Buy-to-Let Everyday Tracker Cashback | 2 years | 5.35% | 7.6 APRC | £995.00 | undefined |
Yorkshire BS 2-year tracker mortgage
| COMPANY | TYPE | TERM | INITIAL RATE | THE OVERALL COST FOR COMPARISON IS | PRODUCT FEE | LOAN TO VALUE (LTV) |
|---|---|---|---|---|---|---|
| YORKSHIRE BS | First Time Buyer Tracker | 2 years | 4.69% | 6.6 APRC | £995.00 | 75% |
| YORKSHIRE BS | Remortgage Fixed Tracker | 2 years | 4.69% | 6.6 APRC | £995.00 | 75% |
| YORKSHIRE BS | Moving Home Tracker | 2 years | 4.69% | 6.6 APRC | £995.00 | 75% |
2 Year Tracker Mortgages FAQs
Can you still get 2-year tracker mortgages?
Yes, tracker mortgages are still available in the UK, although the availability of these mortgages can vary depending on market conditions and lender policies. You will also find that 2-year tracker mortgages are the most commonly offered, with only Barclays offering a 5-year tracker mortgage among the major banks at this time.
Tracker mortgages remain a popular choice for borrowers who are looking for flexibility and the potential to benefit from a lower interest rate. However, it's important to remember that the interest rate on a tracker mortgage can go up as well as down, and there may be fees or charges associated with the mortgage.
If you are interested in a tracker mortgage, it's important to shop around and compare different lenders and mortgage products to find the one that best meets your needs and financial situation. You may want to seek professional financial advice to help you make an informed decision.
What does 2-year tracker mortgage mean?
A 2-year tracker mortgage in the UK is a type of mortgage where the interest rate is linked to the Bank of England's base rate and it remains fixed for a period of two years. The Bank of England's base rate is the interest rate that the Bank of England charges to other banks for borrowing money.
When you take out a 2-year tracker mortgage, your interest rate will typically be set at a certain percentage above the base rate. For example, if the Bank of England's base rate is 0.1%, and your tracker mortgage has a margin of 1%, your interest rate would be 1.1%.
As the Bank of England's base rate changes, your interest rate on the tracker mortgage will change by the same amount, so your monthly mortgage payment will go up or down accordingly.
At the end of the 2-year period, your mortgage will revert to your lender's standard variable rate (SVR), which is typically higher than the tracker rate.
A 2-year tracker mortgage can be a good option if you are looking for a short-term deal with the potential to benefit from falling interest rates. As you’re probably very aware; the interest rate can also go up, resulting in higher monthly payments. It's also worth noting that there may be fees or charges associated with the mortgage, so it's important to read the terms and conditions carefully before committing.
Are 2-year tracker mortgages a good idea?
The suitability of a tracker mortgage in the UK hinges on individual factors and preferences. Here are a few tracker mortgage advantages and disadvantages that can aid in making an informed decision:
Benefits of a 2-year tracker mortgage:
- Transparency: By being tied to the Bank of England's base rate, a tracker mortgage clearly outlines how much interest you will pay.
- Flexibility: Some tracker mortgages permit overpayments without penalty, enabling you to pay off your mortgage more quickly.
- Lower initial interest rates: Initially, tracker mortgages may offer lower interest rates than fixed-rate mortgages, resulting in short-term cost savings.
Drawbacks of a 2-year tracker mortgage:
- Risk: All tracker mortgages are linked to the Bank of England's base rate, meaning that your monthly payments may rise if the base rate increases, making it hard to plan for mortgage payments and resulting in financial pressure.
- Uncertainty: Interest rates can be unpredictable, resulting in uncertainty regarding future mortgage payments.
- Early repayment charges: If you switch to a new mortgage deal before the end of the initial term, certain tracker mortgages have early repayment fees.
In conclusion, if you appreciate the transparency and flexibility offered by a tracker mortgage and are comfortable with the potential risks, it may be an excellent option for you. However, if you prioritize a fixed monthly payment amount and are unwilling to take on any risk, a fixed-rate mortgage may be a better alternative.
