Capped Rate Mortgages

Capped Rate Mortgages - Capped rate mortgages are mortgages with a maximum capped interest rate. Capped rate mortgages are similar to fixed rate mortgages in that, lenders can guarantee borrowers that their mortgage rates will not exceed a fixed upper limit even when their standard variable rates rise. However, when the standard variable rate falls below the capped rate; the interest on borrower’s mortgage payments will decrease as well. Nevertheless, the extent to which the capped rate mortgage product falls will depend on the capped rate mortgages lenders lower limit requirement otherwise known as the collar rate.

Capped rate mortgages deals are available from a number of lenders with varying terms and conditions. Some capped rate mortgage lenders commit borrowers to stay with them for a period of time after the capped rate deal has ended. Borrowers not aware of this may have to pay an early redemption charge. Specialist advice may be required to understand the full terms and conditions of various capped rate mortgage packages. This is where we can assist.

Our experienced advisers at Capital Fortune have the capped rate mortgages market and product expertise to ensure that the product we recommend is affordable and suitable for you. We provide a tailored service to all clients and will conduct a fact find to ascertain your needs and requirements. Based on this we will use our whole of market base to find the best available capped rate mortgages deals for clients. Our advisers have access to some deals that are not available on the open market through our excellent contacts. We can save you time, money and hassle.

Call our mortgage broker team now on 0845 3 630 430 or complete the Mortgage Enquiry Online. As part of our service, we will call you back.

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Contact Us

Capital Fortune
City Office

14 Nicholas Lane
London
EC4N 7BN

YOUR HOME MAY BE REPOSSESSED IF YOU DO NOT KEEP UP REPAYMENTS ON YOUR MORTGAGE

The overall cost for comparison on residential mortgages is 4.5% APR. The actual rate available will depend on your personal circumstances.

There will be a fee for our mortgage advice, the precise amount will depend upon your circumstances but we estimate that it will be £995, payable £495 at the outset but refunded if your mortgage application is declined upon initial underwriting. The balance of our fee is typically paid on completion. Your fee will not be refunded should you withdraw from the process or not accept our recommendation. Ask your Advisor for confirmation of our fees which we will email to you in an Initial Disclosure Document (IDD). You can find further information on our Terms of Business here.

The Financial Services Authority does not regulate some forms of buy to let, commercial mortgages, secured loans, bridging finance, trusts and conveyancing.

Capital Fortune Ltd is an Appointed Representative of Pink Home Loans. Pink Home Loans is a trading name of Advance Mortgage Funding Limited which is authorised and regulated by the Financial Services Authority. Capital FortuneLtd Registered office address: 14 Nicholas Lane, Bank, London, EC4N 7BN. Registered in England and Wales No. 05683249.

The guidance and/or advice contained in this website is subject to UK regulatory regime and is therefore restricted to consumers based in the UK.

The Financial Services Authority does not regulate some forms of buy to lets, commercial mortgages, secured loans, unsecured loans, bridging loans, trusts, overseas mortgages, conveyancing or debt management.