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Definition of Tracker mortgage
1. Noun. (UK finance) A variable-rate mortgage where the amount of interest paid on the loan is linked to the Bank of England's base rate by a fixed differential. ¹
¹ Source: wiktionary.com
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1. Noun. (UK finance) A variable-rate mortgage where the amount of interest paid on the loan is linked to the Bank of England's base rate by a fixed differential. ¹
¹ Source: wiktionary.com