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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