Tracker mortgages cheaper than fixed-rate deals

Tracker mortgages are now cheaper than fixed-rate deals, leading to an increase in their uptake. According to analysts Moneyfacts, the average two-year tracker rate has dipped below the two-year fix for the first time since November. Experts predict that tracker mortgages will become more popular once the Bank Rate is cut.  The cheapest tracker rate is currently offered by Nationwide. 

The Daily Telegraph (07/06/2024)