Tracker and variable mortgage searches more than double in six months as borrowers bet on rate cuts

Moneyfactscompare data shows the share of borrowers searching for tracker or variable deals jumped from 6% last September to 13% in April, a 116% rise, while the share looking at five-year fixes fell from 27% to 23%. The shift follows two-year fixes rising 94bps and five-year fixes 75bps since February. For buyers, trackers can start cheaper than todays fixes, but they pass base-rate risk straight onto the borrower if expected cuts dont arrive on schedule.