A 5 year Tracker Mortgage deal is a product that tracks the Bank of England base rate for a certain percentage for 5 years.

A 5 year tracker mortgage can be of great benefit to borrowers when base rate drops or is continuosly dropping as monthly mortgage payments will also drop.

Borrowers should also understand that base rate can also increase and a rise in base rate will mean an increase in monthly mortgage payments.

With access to the whole of market, it is best to speak to an independent whole of market adviser about a 5 year tracker mortgage.

Speak to a specialist to discuss the advantages and disadvantages of a 5 year Tracker Mortgage

YOUR HOME MAY BE REPOSSESSED IF YOU DO NOT KEEP UP REPAYMENTS ON YOUR MORTGAGE