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Capped Rate Mortgages
With a capped rate mortgage your payments are variable and often linked to a base rate, but fixed not to go above a set level (the ceiling or cap) during the period of the deal. At the end of the period, you are usually charged the lenders standard variable rate.
Advantage with capped rate mortgages are:
- You know the maximum you will pay for a set period of time.
- Useful if you want the security of knowing that your payments cannot rise above a set level, but still benefit if rates fall.
Disadvantage with capped rate mortgages are:
- Lenders typically charge slightly higher rates than a fixed rate mortgage, you are effectively paying extra for the cap.
We are qualified independent mortgage advisors that can be trusted to give you that independent impartial advice.
Why Capped Rate Mortgages from Homesavers Mortgages?
- Access to capped rate mortgages throughout the UK
- Plus exclusive deals through the many mortgage clubs we subscribe to
Every month we help people, just like you, find their perfect mortgage. Find out why so many people put their trust in Homesavers Mortgages.
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| 1 | Phone Us Free Phone Number |
| 2 | Quote Form Free & No Obligation |
| 3 | Call Back We will phone you back |
Your home is at risk if you do not keep up with payments on your mortgage or other loans secured on it.
Depending on your circumstances, a fee of £95 or 1% of the mortgage amount may be charged upon completion
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