Capped Mortgages
Capped rate mortgage overview
A capped mortgage ensures that the interest rate applied will not rise above a pre defined rate set when the product is taken out. If the lenders standard variable rate falls as a result of movements in the Bank of England base rate, the interest applied will fall in line with this reduction. However, many capped rate mortgages also have a minimum level that they can fall to. This is known as the collar. A capped rate mortgage effectively guarantees interest rates to be applied between two set figures making it simple to calculate maximum and minimum repayment values.
Capped mortgage options
The Financial Services Authority suggests that before you consider taking out a long term financial product such as a capped mortgage that you may wish to consult a mortgage broker. Our fully independent financial advisers have a great deal of experience of working with clients to research the capped mortgage market and find a product that is right for them. We offer all of those considering their options in relation to capped rate mortgages, the opportunity to discuss their situation with one of our independent mortgage brokers. To arrange your free consultation please click the following link > Mortgage broker consultation.
Free capped mortgage consultations
Our aim is clear, to provide capped mortgage advice that best fits our clients’ needs. We are able to do this as we are fully independent. We search the entire market to recommend the right product. We offer free consultations to allow you to discuss your capped mortgage requirements with us. During this consultation, our financial advisers will discuss every element of the particular mortgage arrangement to allow you to make an informed decision as to the best way forward. To arrange your free consultation please click the following link > Mortgage broker consultation.
