Mortgage Amount:£ over yrs
Mortgage Type:
Employment Status:
Mortgage features:

Capped Rate Mortgages

How they work

A capped rate mortgage sets a maximum interest rate figure that you will pay, over an agreed period. This is typically from one year to five years although it can be longer.

Should interest rates rise substantially beyond the agreed figure, you need not worry as you will only pay at the capped figure set. And should interest rates fall, you receive the benefit by paying at the prevailing rate only if it is below your capped rate.

The period that the rate is capped for depends on the lender and the products available. Once we have received your application we will let you know the best capped rate deals in the current market.

This type of mortgage has become more popular in the UK since the 1980s and the years of very high interest rates. For borrowers it provides a reasonable safety net whilst allowing them to benefit in the good times when interest rates are low, like today.

Free quotation

We offer competitive rates for all applicants, including those with ccjs, arrears, defaults, the self employed and people with no proof of income. To calculate possible repayments use our mortgage calculator

For you free quotation without obligation click below

Capped Rate Mortgage Enquiry Form

Once we have received your details, we will search our bank of lenders for the top capped rate deals for your particular circumstances. It is then up to you to decide which option you would like to pursue.

If you would rather contact us by phone, we offer a local rate phone service during office hours - call 01159 878 100, quoting the MortgageFinda website.

Other options

You might like to consider fixed rate mortgages or flexible mortgages as an alternative to a capped rate mortgage. Each type of mortgage has its own particular benefits and might suit your particular circumstances better.

Get in touch with us and we'll give you advice and answer any of your questions as appropriate.

© 2010 MortgageFinda. All rights reserved.

Bad Credit Mortgages - Buy to let Mortgages - Mortgage Calculator - Capped Rate Mortgages - Credit Problems - FAQs - First time buyer Mortgages - Fixed Rate Mortgages - Flexible Mortgages - Mortgage Quote - Remortgages - Right to buy Mortgages - Sitemap - UK mortgages

THINK CAREFULLY BEFORE SECURING OTHER DEBTS AGAINST YOUR HOME. YOUR HOME MAY BE REPOSSESSED IF YOU DO NOT KEEP UP REPAYMENTS ON A MORTGAGE OR ANY OTHER DEBT SECURED ON IT.
Mortgagefinda from Cavendish, Charleswolds privacy policy Cavendish Mortgage Packaging, Charleswolds is authorised and regulated by the Financial Services Authority. The overall cost for comparison is 5.4% APR. A completion fee may apply subject to plan chosen of between 0% and 2% with a minimum of £500.