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%

Expert advice

For FREE mortgage advice, speak to one of our qualified expert advisors on...

0845 8620 866

Latest News

  • The FSA recently announced that should the economy see further drops in unemployment and rises in interest rates the Middle Class familis of the UK will be hit the hardest. Such vulnerability is shown due to the increased amount of borrowing over the years and can only be seen as more bad news should these two [...]
    Read more ...
  • The Council of Mortgage Lenders (CML) said UK mortgage lending increased by 14% in December compared with November, to £13.7bn and the market was entitled as being ’surprisingly strong’. The latest figures from the CML show that UK mortgage lending was up 3% in December compared with the same month a year earlier. A CML economist said [...]
    Read more ...