Expert Advice to Find the Best Mortgage or Remortgage Deal for You
Capped Rate Mortgages
In other words, the interest rate on the mortgage is capped at a certain level for a set number of years. It is guaranteed not to exceed this level during the capped rate period.
In many ways this is the best of both worlds as you get the security of knowing what your maximum monthly repayments will be for a fixed period, but you can still benefit from any reduction in mortgage interest rates.
As with fixed rates, there are normally arrangement fees for this type of mortgage, and it is important to seek advice on whether the benefits of a capped rate deal outweigh any fees that may be charged.
For more information and to find out whether a capped rate mortgage is right for you, please complete our online enquiry form and we will arrange for a member of our panel of mortgage advisers to contact you to discuss your situation and find you the best mortgage or remortgage available.
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We are neither a mortgage lender nor an independent financial adviser and, as such, are unable to offer financial advice.
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Think carefully before securing other debts against your home.
Your home may be repossessed if you do not keep up repayments on your mortgage.
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