Best mortgage rates · Residential · July 2026

    Best 2-year tracker rates for home movers.

    Tracks the Bank of England base rate, typically with no early repayment charge. The best 2-year tracker deals for home movers, re-ranked every night.

    40+ lender product books Fee & no-fee best buys No signup, no credit check Refreshed nightly
    Refreshed nightly — rates as of 13 July 2026
    Loan to valueLTV = loan ÷ property value. A £50k deposit on a £250k home is 80% LTV.
    LenderInitial rateMonthlyTracks untilThenProduct fee
    1
    N
    Nationwide BSBest rate
    4.12%£1,336on £250,0002 yrs6.49%£999Free valuationSee full deal →
    2
    L
    Leeds BS
    4.16%£1,342on £250,000Sept 20287.74%£999Free legalsFree valuationSee full deal →
    3
    S
    Santander UK
    4.19%£1,346on £250,0002 yrs6.50%£999Free valuationSee full deal →
    4
    N
    Nationwide BS
    4.64%£1,410on £250,0002 yrs6.49%NoneFree valuationSee full deal →
    5
    N
    NatWest Group
    4.75%£1,425on £250,0002 yrs6.74%NoneFree valuationSee full deal →
    Cheapest with no product feeNationwide BS at 4.64% — £1,410/moView →

    Monthly payments illustrated on a £250,000 repayment mortgage over 25 years; fees not added to the loan. Rates shown are for comparison — full lender criteria apply.

    A tracker’s defining feature for a home mover is not just the rate — it’s the absence of an early repayment charge on most products. For movers in uncertain chains, that matters directly: if your purchase collapses after you’ve drawn down the mortgage on a sale, an ERC-free tracker lets you exit without penalty. It also means that if rate expectations shift materially before you complete, you’re not locked into a rate you applied for several months earlier. The trade-off is that your monthly payment moves with the Bank of England base rate — so it can rise as well as fall.

    Home movers tend to have equity working in their favour on LTV, which means the tracker pricing available to them is often among the most competitive in the 2-year market. Most trackers are quoted as base rate plus a fixed margin — base + 0.5%, for example — and that margin is locked for the deal’s lifetime even as the rate itself floats. Check the collar (a floor below which the rate cannot fall even if base does) and the reversionary rate at the end of the 2-year term; both are in the product details behind each deal in the table.

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    Frequently asked questions

    How these tables work, and how to choose between the deals on them.

    01Can I port a tracker to my next property?
    Most trackers are not portable — porting is primarily a feature of fixed-rate products because the economics of moving a floating-rate deal to a new property are simpler for lenders to administer. If you take a tracker intending to move again within the 2-year term, the ERC-free structure means you can simply redeem the mortgage at completion and take a fresh deal on the new property. That’s not a problem — it’s one of the core reasons movers in mid-chain choose trackers.
    02How does the tracker margin relate to the rate I pay?
    Your pay rate is Bank of England base rate plus your product’s margin — a fixed number that doesn’t change for the life of the deal. If base rate is 4.5% and the margin is 0.4%, you pay 4.9%; if base rate falls to 4.0%, you pay 4.4%. The margin is set at application and is the figure you’re actually locking in; the absolute rate floats. The table quotes the current pay rate so you can compare immediately, and the margin for each deal is shown in the product detail.
    03What’s the risk of a tracker for a home mover on a stretched budget?
    If you’re buying at or near the top of your affordability, a tracker adds payment uncertainty that a fixed rate removes. Lenders stress-test tracker applications at a notional rate above the current pay rate — so affordability is assessed at a higher number than the headline — but the test is about what the lender will approve, not about what works for your budget month-to-month. If a base rate rise of 0.5 percentage points would create genuine strain, a fixed rate’s certainty is probably worth the premium.
    04Is it possible to switch from a tracker to a fixed rate mid-term?
    On most ERC-free trackers, yes — and the absence of a charge is exactly what makes it feasible. If rates move in a direction that makes fixing attractive, you can remortgage or take a product transfer to a fixed deal without penalty. The practical friction is a remortgage application — solicitor, valuation, any product fee on the new deal. Some lenders allow an internal product transfer without those costs; worth asking your lender before approaching the open market.

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