How UK Mortgage Interest Rates Actually Work
27 July 2026
Fixed vs tracker vs variable
A fixed-rate mortgage locks your interest rate for an agreed period, usually 2 or 5 years.
A tracker rate moves directly with the Bank of England base rate, plus a set margin.
Which is right for you?
It depends on your appetite for payment certainty vs the chance of a lower long-run cost. Use our mortgage calculator to compare monthly payments under different rates.
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