what is a tracker variable rate mortgage?

triplex

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Bank of scotland switcher offer being touted at the moment - according to their website

[broken link removed]

they offer a 'tracker variable rate homeloan'

what is this? sounds like financial trouble!
 
A tracker mortgage IS a type of variable rate mortgage. Just that it has a fixed margin over some base rate (usually ECB) whereas a standard variable rate mortgage will have a non fixed margin. If the margin is not fixed then it's not really a tracker.
 
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