Capped Mortgage

This is where the interest rate is guaranteed not to rise above a set level for a specified period of time.  If the lender's Standard Variable Rate falls below the capped rate then this will apply, for example if your capped rate is 4.75% and the lender's interest rate is 5% then your pay rate is 4.75%, however if the lender's interest rate decreases by 0.5% to 4.5% then your pay rate will decrease to 4.5%

Latest News

  • Choosing a mortgage is a very important decision to make and it is important that you think carefully about repayment methods, interest rates and your needs in general before opting for a mortgage. Some lenders may have mortgages on offer that have unique features or deals attached to them but its important that you don’t [...]
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  • Gordon Brown has today announced that Stamp duty is to be suspended for a year, on properties that cost up to £175,000 in a bid to boost the ailing housing market. The long-awaited freeze on the unpopular levy is to take place from Wednesday. It forms part of an emergency rescue package for hard-pressed home buyers and [...]
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