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What proportion of existing mortgages are trackers life in the United Kingdom?

I heard that about 40% of mortgages existing in 2009 were trackers, but I understand that many trackers are only for a specified period (eg, for 2 years) and they come back variable rate thereafter. So nobody knows what proportion of all existing mortgages are trackers life in the United Kingdom? Also, what proportion ETFs are living without a "collar" (ie "floor" interest-free, so they are really enjoying the current low rate). Anymore details such as interest rates typical of trackers would be appreciated.

It would be very difficult to distinguish an exact number people who are current and lifetime trackers especially difficult to know how many of these people is they have no collar on their mortgage. My feelings are that this number will not be a large percentage of the total number of mortgages currently held in the United Kingdom. When it became clear that interest rates would drop dramatically lenders significantly reduced their offerings tracker and a necklace is included, re-price their products to make them competitive or withdrew their life quite trackers. Before that it was clear that rates were still very popular among borrowers, therefore, give these two facts, it makes sense that not many of the borrowers had the luxury of these very low rates. But borrowers who had flexible / Style offset mortgages generally have enjoyed a lifetime tracker with no collar. Lenders such as Abbey, Woolwich and offered life flexible / offset trackers with margins of around 0.49% above the Bank of England Base Rate:. Disclaimer The above answers are as purposes only and should not be taken without you receiving independent financial advice relevant to your situation. To find and IFA please go to http://www.unbiased.co.uk

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