A tracker mortgage is a type of variable rate mortgage. They follow the Bank of England base rate during a specified period, so your repayments can vary - go up or down.
Interest type: Variable.
Is interest calculated daily? Yes the interest chargeable on the outstanding mortgage balance is calculated every day rather than at the end of each week, month or year.
Can I make overpayments without incurring Early Repayment Charges (ERC)? Yes, make unlimited overpayments and pay your mortgage off early without an ERC.
Is there an exit fee? No, you don’t have to pay an exit fee when you fully repay your mortgage.
Can I 'port' my loan if I move home? Yes. This is the term used to describe transferring your current HSBC mortgage rate from one property to another when moving home (known as porting). This is subject to our standard lending criteria and terms and conditions.
Applying for a mortgage involves two stages, firstly getting a Decision in Principle; secondly making a mortgage application.
If you started a mortgage application over the phone, in branch or online, you can login to complete it or track its progress.
Think carefully before securing other debts against your home.
Your home may be repossessed if you do not keep up repayments on your mortgage.
† Lines open Monday to Friday 8am - 9pm, Saturday 8am - 8pm, Sunday 9am - 6pm. Calls may be monitored and recorded. Opening hours within the mortgage departments may vary.