Glossary - Understanding Industry Terms
What is a tracker mortgage?
This is a mortgage type in which the payments fluctuate in accordance with the Bank of England's base rate, thus having the potential to increase or decrease.
The main difference between a tracker mortgage and a fixed-rate mortgage is that a fixed rate mortgage's payments do not change at least in the short term.
Typical questions that our Devon team get asked about tracker mortgages
At Beerstone Financial services, we are often asked these questions about this particular topic:
Is it worth going on a tracker mortgage?
Is a tracker mortgage risky?
What even is a tracker mortgage?
Who should I go with for a tracker mortgage?
If you have any questions regarding a tracker mortgage, please don't hesitate to get in touch with our Devon financial services team.
Working in the industry for over 25 years
At Beerstone Financial Services, we are proud of our reputation and proud to have helped thousands of customers across the South West for the last two and a half decades.
Our financial services team have helped customers across Devon in areas such as Southernhay, Ottery St Mary, Exeter, Exmouth, Newton Abbot, Tiverton, Sidmouth, Crediton, Cranbrook and Cullompton to name but a few. Whether you're looking for mortgage advice or insurance advice we are here to help. If you would like to arrange a visit with our financial services team, please give us a call.
About Beerstone
Beerstone Financial Services was established in 1996 by Chris Beer, our Founding Director, who still plays a key role in the company and ensures we maintain the best service.
Beerstone Financial Services was established in 1996 by Chris Beer, our Director, who still oversees the company and ensures we maintain the best service.
In total we have over 30 years of experience in financial services working in a range of environments so you can be sure that your situation is in experienced hands.
Speak to our team
Visit our offices: 2 Southernhay West, Exeter, EX1 1JG
Beerstone Financial Services Ltd (542704) is an Appointed Representative of BrokerSync Ltd, which is authorised and regulated by the Financial Conduct Authority (1031981).
There may be a fee for Mortgage Advice. The precise amount will depend upon your circumstances and will be agreed upon following your initial meeting.
Investments, Pensions, Wills, Trusts, PMI and Estate Planning will be referred to our authorised third-party providers. Beerstone Financial Services Ltd and BrokerSync Ltd are not responsible for any advice received from the third-party providers.
Investments, Pensions, Wills, Trusts, PMI and Estate Planning will be referred to our authorised third-party providers. ABC Ltd and BrokerSync Ltd are not responsible for any advice received from the third-party providers.
YOUR HOME MAY BE REPOSSESSED IF YOU DO NOT KEEP UP REPAYMENTS ON YOUR MORTGAGE.
Conveyancing, Wills, and some forms of Buy-to-let Mortgages and Commercial Mortgages are not regulated by the Financial Conduct Authority.
Think carefully before securing other debts against your home. Your home may be repossessed if you do not keep up repayments on a mortgage or other debt secured against it.'