Capped Rate Mortgages

Capped Rate Mortgages

Capped Rate Mortgages - Capped rate mortgages are mortgages with a maximum capped interest rate. Capped rate mortgages are similar to fixed rate mortgages in that, lenders can guarantee borrowers that their mortgage rates will not exceed a fixed upper limit even when their standard variable rates rise. However, when the standard variable rate falls below the capped rate; the interest on borrower’s mortgage payments will decrease as well. Nevertheless, the extent to which the capped rate mortgage product falls will depend on the capped rate mortgages lenders lower limit requirement otherwise known as the collar rate.

Capped rate mortgages deals are available from a number of lenders with varying terms and conditions. Some capped rate mortgage lenders commit borrowers to stay with them for a period of time after the capped rate deal has ended. Borrowers not aware of this may have to pay an early redemption charge. Specialist advice may be required to understand the full terms and conditions of various capped rate mortgage packages. This is where we can assist.

Our experienced advisers at Capital Fortune have the capped rate mortgages market and product expertise to ensure that the product we recommend is affordable and suitable for you. We provide a tailored service to all clients and will conduct a fact find to ascertain your needs and requirements. Based on this we will use our comprehensive panel base to find the best available capped rate mortgages deals for clients. Our advisers have access to some deals that are not available on the open market through our excellent contacts. We can save you time, money and hassle.

Call our mortgage broker team now on 020 3 216 2037 or complete the Mortgage Enquiry Online. As part of our service, we will call you back.  

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Residential - Purchase - Capped Rates


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