Your Key to a better Mortgage

Capped rate mortgages

Fact:
The rate of interest on your mortgage will not increase above a certain level (the cap) for a specified amount of time, but if during this period your lender's variable rate drops below the level of the cap, your rate will reduce accordingly.

Benefit:
You will have the security of knowing the maximum amount you will be paying, no matter how high interest rates rise, but still be able to benefit from any reductions in your lender's variable rate.

Pitfall:
Capped rates are usually higher than fixed rates, so if interest rates increase or remain the same during the capped rate period, a fixed rate would mean lower payments.

If a capped rate mortgage appeals to you, have a chat with one of our trained Advisers today.

Your home may be repossessed if you do not keep up repayments on your mortgage.

Our mortgage service is completely independent and there is no need to pay us a fee as we are paid commission by the lender. (If you prefer, you can choose to pay us a fee, usually 0.4% of the loan and we will pass on the lender's commission to you).

The FSA do not regulate some forms of mortgage.