Capped Rate Mortgages

Capped Rate Mortgages

Capped rate mortgages are mortgages where the lender will cap the rate charged for a set period of time.

Should the rate you pay go above this capped figure, you will pay no more than the agreed capped mortgage rate. Should the rate fall below your capped rate then you will pay the reduced amount, until either the rate rises again or the set capped period ends.

This provides you with the similar security of a fixed rate, in that you have a maximum interest you can pay, but also has the added advantage that you could pay less if rates fall.

After the capped mortgage rate period, the rate charged usually reverts to the lenders standard variable rate, which could be higher than the rate chargeable at the outset.

Capital Fortune have provided a list of the ten lowest capped mortgage rates on our mortgage database.

Why not speak to one of our Mortgage Advisers for advice on capped rate mortgages by calling 020 77 100 400 or Enquiry Online.

How to get in touch

Feefo logo

Residential - Purchase - Capped Rates


LenderInitial
Rate
Mortgage
Type
For/Until Subsequent
Rate
The overall
cost for
comparison is
Early Repayment
Charge
Arrangement
Fee
Loan
to
Value
Details
There are no products found that meet the search criteria. Please contact us on 020 77 100 400 for further assistance.