Fix and Track Mortgage

The fix and track mortgage is a new type of repayment mortgage. The interest rate starts out as a fixed interest rate and usually after one year becomes a base tracker (sometimes tracking way above the base lending rate), base tracker that lasts for some years after the fixed interest rate is no longer applicable.

This mortgage is practically a combination of the fixed and base tracker mortgage. It is best to opt for this particular mortgage at a time when interest rates are growing but there are strong indications that the trend will subside and a period of stabilization will follow.

In exchange for this type of flexibility and comfort fix and track mortgages have extended tie-in clauses and a subsequent base tracker interest rate above other base tracker interest rates offered by other lenders for a regular base tracker mortgage

Before opting for such a mortgage we advise that you inform yourself of your lender’s conditions and take into account the market trends as well as your financial resources.