Cheapest Tracker Mortgages Now Available: What Homeowners Need to Know

Tracker mortgage rates have become the cheapest on the market due to banks hiking fixed deals above 4%. The lowest two-year tracker deal is 3.94% offered by Nationwide, with Halifax, Lloyds Bank, and HSBC also offering sub-4% tracker deals. Tracker mortgages follow the Bank of England base rate plus a certain percentage and often come without early repayment charges.