Personal finance can become a little bit complicated. Should you have a savings account or an ISA? Should you buy stocks and shares or something that tracks the FTSE 100? And as for making sure you have a diversified portfolio…

When it comes to mortgages, the number of options can be dizzying. That’s why at Direct Line we believe in keeping it simple, by only offering fixed-rate mortgages and tracker mortgages. Which one is right for you will depend on whether you want your monthly payments to be fixed or whether you can allow some fluctuation in the hope of getting an improved rate.

If you are happy with the latter, then you are going to want to find the best tracker mortgage for you. The basic rule for tracker mortgages is that they offer a rate linked to the Bank of England interest rate. For instance, one provider might say that your rate will always be 1.5% above that rate. If that rate goes down then so will your mortgage rate, but if it goes up, your mortgage goes up too.

Direct Line offers two tracker mortgages, both of which are linked to the Bank of England’s (BofE) interest rate and are discounted for the first two years.

With our online-only two-year discount tracker mortgage, the variable rate for the first two years is below the BofE rate and above it after that. The variable rates for our two-year discount tracker, are slightly different.

You can find out more about both of these mortgages online as well as using our mortgage calculator to work out what your likely repayments would be.