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MRT 2 · Base Rate Tracking Mortgages
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Base Rate Tracking Mortgages
How a tracker works, the margin, floor rates, and when they are suitable.
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Key points
Question 3
Which term matches: "Track for the life of the mortgage"
Question 4
What does "Short-term trackers" mean?
Question 5
Match each term in "Key points" to its meaning
Tap a term, then tap its matching definition.
Question 6
Fill in the blank
______ — Some trackers have a floor (minimum rate); rate cannot go below this
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What the exam tests
How a tracker works, the margin, floor rates, and when they are suitable.
Question 8
True or false?
How a tracker works, the margin, floor rates, and when they are suitable