Capped Mortgage

Capped Mortgage

Capped Mortgage - Capped mortgage rates are mortgage interest rates capped at a particular value for a specified length of time. A capped mortgage will usually have a lower limit, referred to as a collar. Usually, the capped mortgage rate will reflect the standard variable rate of the lender but be restricted between the upper limit and collar. As a result, they can offer some of the benefits of a variable rate package with some of the predictability of a fixed rate deal.

Capped mortgage rates can assist in long term budgeting but offer some advantages over fixed rate mortgages, which have traditionally been obtained to give financial stability. When interest rates are low, fixed rate deals may be a less cost effective option, as borrowers will not experience the benefit of the lower rates until the fixed rate term ends.

If you are unsure as to the type of package you would like to secure or would like to save time and money obtaining a capped mortgage, help is available from our experienced advisers.

If you need any assistance why not speak to one of our Mortgage Advisers by calling 020 77 100 400 or Enquiry Online.

As a well established UK mortgage broker, we have been advising clients on the best mortgage for their needs and requirements. Although capped mortgage products are a relatively recent development, we have the market and product expertise to ensure that the product we recommend is affordable and suitable for you.

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Residential - Purchase - Capped Rates


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