Compare tracker mortgages to find the best deals for you

John Charcol

John Charcol 0330 057 5173 £

Cutlers Exchange, 123 Houndsditch London EC3A 7BU

90%

1699 Total reviews

4.84 Average rating

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Tracker mortgages are also known as variable or discount rate mortgages. The rate of interest charged can move up or down, following the Bank of England base rate. Our tool below allows you to compare thousands of deals to find cheapest tracker mortgages and the best rates for you.

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We recommend you sort by True Cost Comparison find out more

We recommend you sort by True Cost Comparison

We suggest you use our ‘True Cost Comparison’ filter. This allows you to accurately understand how different mortgages compare by ordering results based on the total cost over a ‘deal period’, such as a two, or five-year fixed rate mortgage.

Some low interest rate deals might seem attractive, but if fees are higher they might not be the best value for you. When comparing mortgage deals our true cost comparison factors the lender fees over the length of the deal as well as your monthly mortgage payments.

For example, if your repayments are £2,000 per month on a two-year fixed-rate mortgage, plus £500 in lender fees, the total cost of the deal is £48,500.

We've found 107 mortgage deals that match your search

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Scheme ID 44387
Initial rate 1.94% then 5% (variable) ?
Monthly repayments £ 1,100 ?
Type/Duration Variable ?
Scheme fees £0 ?
Cost comparison £26,393 ?

Fees & Charges

Booking fees £0
Arrangement fees £0
Valuation fees £0
Other fees £0
Cashback £0

Flexibility

Max LTV 95%
Overpayments allowed? Yes
Early Repayment charges £170, plus (2% in year 1, 1% in year 2)

Other info

Exit fees £170
Basic legals £0

Representative example: A mortgage of £261,250 payable over 25 years on a repayment basis, initially on a variable rate for 2 years at 1.94%, and then on a variable rate for 23 years at 5%. This would require 24 payments of £1,099.70 and 276 payments of £1,493.59. The total amount payable would be £438,794 made up of the loan amount plus interest (£177,544) and fees (£170 which includes exit fees of £170). The overall cost for comparison is 4.54% APRC representative.

Speak to a mortgage expert on 0344 346 3672 or Enquire now

Scheme ID 16685
Initial rate 2.59% then 5.99% (variable) ?
Monthly repayments £ 1,184 ?
Type/Duration Variable ?
Scheme fees £813 ?
Cost comparison £29,226 ?

Fees & Charges

Booking fees £0
Arrangement fees £0
Valuation fees £0
Other fees £0
Cashback £0

Flexibility

Max LTV 95%
Overpayments allowed? Yes
Early Repayment charges £125, plus (2% until 30-06-21, 1% until 30-06-22)

Other info

Exit fees £125
Basic legals £0

Representative example: A mortgage of £261,250 payable over 25 years on a repayment basis, initially on a fixed rate for 2 years and 5 months at 2.59%, then moving onto variable rate for 3 years at 4.49%, and then on a variable rate for 19 years and 7 months at 5.99%. This would require 29 payments of £1,183.89, followed by 36 payments of £1,426.70, and 235 payments of £1,612.37. The total amount payable would be £465,539 made up of the loan amount plus interest (£203,476) and fees (£938 which includes exit fees of £125). The overall cost for comparison is 5.05% APRC representative.

Speak to a mortgage expert on 0344 346 3672 or Enquire now

Scheme ID 9863
Initial rate 2.65% then 5.74% (variable) ?
Monthly repayments £ 1,192 ?
Type/Duration Variable ?
Scheme fees £999 ?
Cost comparison £29,603 ?

Fees & Charges

Booking fees £0
Arrangement fees £0
Valuation fees £0
Other fees £0
Cashback £0

Flexibility

Max LTV 95%
Overpayments allowed? Yes
Early Repayment charges £140, plus (6 months Interest until 01-03-22). Interest at 2.65%

Other info

Exit fees £140
Basic legals £0

Representative example: A mortgage of £261,250 payable over 25 years on a repayment basis, initially on a fixed rate for 2 years and 1 month at 2.65%, and then on a variable rate for 22 years and 11 months at 5.74%. This would require 25 payments of £1,191.84 and 275 payments of £1,606.65. The total amount payable would be £472,764 made up of the loan amount plus interest (£210,515) and fees (£1,139 which includes exit fees of £140). The overall cost for comparison is 5.30% APRC representative.

Speak to a mortgage expert on 0344 346 3672 or Enquire now

Scheme ID 16912
Initial rate 2.69% then 5.24% (variable) ?
Monthly repayments £ 1,197 ?
Type/Duration Variable ?
Scheme fees £224 ?
Cost comparison £28,956 ?

Fees & Charges

Booking fees £0
Arrangement fees £0
Valuation fees £0
Other fees £0
Cashback £0

Flexibility

Max LTV 95%
Overpayments allowed? Yes
Early Repayment charges Not Applicable

Other info

Exit fees £60
Basic legals £0

Representative example: A mortgage of £261,250 payable over 25 years on a repayment basis, initially on a variable rate for 2 years at 2.6900000000000004%, and then on a variable rate for 23 years at 5.24%. This would require 24 payments of £1,197.17 and 276 payments of £1,536.67. The total amount payable would be £453,137 made up of the loan amount plus interest (£191,663) and fees (£284 which includes exit fees of £60). The overall cost for comparison is 4.88% APRC representative.

Speak to a mortgage expert on 0344 346 3672 or Enquire now

Scheme ID 32887
Initial rate 2.69% then 5.79% (variable) ?
Monthly repayments £ 1,197 ?
Type/Duration Variable ?
Scheme fees £325 ?
Cost comparison £28,559 ?

Fees & Charges

Booking fees £0
Arrangement fees £0
Valuation fees £0
Other fees £0
Cashback £500

Flexibility

Max LTV 95%
Overpayments allowed? Yes
Early Repayment charges £120, plus (2% in year 1, 1% in year 2)

Other info

Exit fees £120
Basic legals £0

Representative example: A mortgage of £261,250 payable over 25 years on a repayment basis, initially on a variable rate for 2 years at 2.69%, and then on a variable rate for 23 years at 5.79%. This would require 24 payments of £1,197.26 and 276 payments of £1,615.98. The total amount payable would be £474,670 made up of the loan amount plus interest (£213,095) and fees (£445 which includes exit fees of £120). The overall cost for comparison is 5.35% APRC representative.

Speak to a mortgage expert on 0344 346 3672 or Enquire now

Scheme ID 14599
Initial rate 2.7% then 5.44% (variable) ?
Monthly repayments £ 1,198 ?
Type/Duration Variable ?
Scheme fees £414 ?
Cost comparison £29,178 ?

Fees & Charges

Booking fees £0
Arrangement fees £0
Valuation fees £0
Other fees £0
Cashback £0

Flexibility

Max LTV 95%
Overpayments allowed? Yes
Early Repayment charges £95, plus (2% until 31-03-22)

Other info

Exit fees £95
Basic legals £0

Representative example: A mortgage of £261,250 payable over 25 years on a repayment basis, initially on a fixed rate for 2 years and 2 months at 2.7%, and then on a variable rate for 22 years and 10 months at 5.44%. This would require 26 payments of £1,198.50 and 274 payments of £1,562.87. The total amount payable would be £459,896 made up of the loan amount plus interest (£198,232) and fees (£509 which includes exit fees of £95). The overall cost for comparison is 5.02% APRC representative.

Speak to a mortgage expert on 0344 346 3672 or Enquire now

Scheme ID 40039
Initial rate 2.71% then 4.74% (variable) ?
Monthly repayments £ 1,200 ?
Type/Duration Variable ?
Scheme fees £15 ?
Cost comparison £28,811 ?

Fees & Charges

Booking fees £0
Arrangement fees £0
Valuation fees £0
Other fees £0
Cashback £0

Flexibility

Max LTV 95%
Overpayments allowed? Yes
Early Repayment charges £195, plus (3% until 28-02-21, 2% until 28-02-22)

Other info

Exit fees £195
Basic legals £0

Representative example: A mortgage of £261,250 payable over 25 years on a repayment basis, initially on a fixed rate for 2 years and 1 month at 2.71%, and then on a variable rate for 22 years and 11 months at 4.74%. This would require 25 payments of £1,199.83 and 275 payments of £1,465.79. The total amount payable would be £433,298 made up of the loan amount plus interest (£172,033) and fees (£210 which includes exit fees of £195). The overall cost for comparison is 4.45% APRC representative.

Speak to a mortgage expert on 0344 346 3672 or Enquire now

Scheme ID 33254
Initial rate 2.73% then 4.74% (variable) ?
Monthly repayments £ 1,203 ?
Type/Duration Variable ?
Scheme fees £15 ?
Cost comparison £28,875 ?

Fees & Charges

Booking fees £0
Arrangement fees £0
Valuation fees £0
Other fees £0
Cashback £0

Flexibility

Max LTV 95%
Overpayments allowed? Yes
Early Repayment charges £195, plus (3% until 31-01-21, 2% until 31-01-22)

Other info

Exit fees £195
Basic legals £0

Representative example: A mortgage of £261,250 payable over 25 years on a repayment basis, initially on a fixed rate for 2 years at 2.73%, and then on a variable rate for 23 years at 4.74%. This would require 24 payments of £1,202.50 and 276 payments of £1,466.91. The total amount payable would be £433,937 made up of the loan amount plus interest (£172,672) and fees (£210 which includes exit fees of £195). The overall cost for comparison is 4.47% APRC representative.

Speak to a mortgage expert on 0344 346 3672 or Enquire now

Scheme ID 14562
Initial rate 2.73% then 5.74% (variable) ?
Monthly repayments £ 1,203 ?
Type/Duration Variable ?
Scheme fees £235 ?
Cost comparison £29,095 ?

Fees & Charges

Booking fees £0
Arrangement fees £0
Valuation fees £0
Other fees £0
Cashback £0

Flexibility

Max LTV 95%
Overpayments allowed? Yes
Early Repayment charges £95, plus (1% in years 1-2)

Other info

Exit fees £0
Basic legals £0

Representative example: A mortgage of £261,250 payable over 25 years on a repayment basis, initially on a variable rate for 2 years at 2.7300000000000004%, then moving onto variable rate for 1 year at 4%, and then on a variable rate for 22 years at 5.74%. This would require 24 payments of £1,202.50, followed by 12 payments of £1,366.16, and 264 payments of £1,600.05. The total amount payable would be £467,902 made up of the loan amount plus interest (£206,417) and fees (£235 which includes exit fees of £0). The overall cost for comparison is 5.16% APRC representative.

Speak to a mortgage expert on 0344 346 3672 or Enquire now

Scheme ID 14553
Initial rate 2.73% then 5.74% (variable) ?
Monthly repayments £ 1,203 ?
Type/Duration Variable ?
Scheme fees £235 ?
Cost comparison £29,095 ?

Fees & Charges

Booking fees £0
Arrangement fees £0
Valuation fees £0
Other fees £0
Cashback £0

Flexibility

Max LTV 95%
Overpayments allowed? Yes
Early Repayment charges £95, plus (1% in years 1-2)

Other info

Exit fees £0
Basic legals £0

Representative example: A mortgage of £261,250 payable over 25 years on a repayment basis, initially on a variable rate for 2 years at 2.7300000000000004%, then moving onto variable rate for 1 year at 4%, and then on a variable rate for 22 years at 5.74%. This would require 24 payments of £1,202.50, followed by 12 payments of £1,366.16, and 264 payments of £1,600.05. The total amount payable would be £467,902 made up of the loan amount plus interest (£206,417) and fees (£235 which includes exit fees of £0). The overall cost for comparison is 5.16% APRC representative.

Speak to a mortgage expert on 0344 346 3672 or Enquire now

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When choosing the best tracker mortgage, expertise counts

Many of the tracker mortgage rates that you can find with our comparison tool are only available through independent brokers like John Charcol. When you’ve found a mortgage tracker rate that you think is right for you, call our experts so they compare it against thousands of mortgage products in the market. 

It's important to remember that the best deals aren’t necessarily the cheapest tracker mortgages. When you choose John Charcol, our experts will help you by researching the market and recommending the best tracker mortgages based on the criteria that you tell us.   

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