Even though providers are determined to pinch every single penny they can off consumers for tracker mortgages, John Charcol still think they represent the best value for money in the current climate.
If you think interest rates are going to fall, as many experts have forecast then you should be looking into the tracker market according to the group.
Katie Tucker, technical manager for the group said, "Whilst tracker rates have increased, they still offer better value than discounts which depend on lenders reducing their own standard variable rates in line with Bank of England rate; something that cannot currently be expected."
By all accounts this is pretty sound advice so be sure to look around for the best tracker mortgages. If you're convinced interest rates will drop, do some calculations and add up how much you could possibly save. This might be the added push you need to go for a tracker mortgage.