Capped rate mortgages
Tailored rates with firstmortgage.co.uk
Capped mortgages are guaranteed not to exceed an agreed interest rate - making it easier for you to control your monthly budget.
First Mortgage has access to every lender and mortgage provider in the UK. Our whole of market choice saves you time, money and hassle when trying to arrange a capped rate mortgage. Call us now on 0845 603 1525 to talk to one of our experienced, friendly team about your circumstances and what we can do to help.
What is a capped rate mortgage?
Capped mortgages come with a guarantee that they will not rise above a certain interest rate for an agreed period of time - usually one or two years. After this period, the mortgage will return to a fixed or variable rate.
Is a capped mortgage right for you?
Before you take out a capped mortgage, you should consider the following advantages and disadvantages:
If interest rates rise, you know that you won’t have to pay beyond a certain amount
If rates fall, you can still enjoy lower payments
It’s easier to budget, as you know how much your monthly repayments will be
Initially, you may have to pay more than a fixed or discounted mortgage
There are often early repayment charges
The capped rate only lasts for a certain period (often 2-3 years), then the mortgage usually returns to the lenders SVR (standard variable rate)
Find capped rate mortgage deals with First Mortgage
Call us on 0845 603 1525 for a free consultation with one of our friendly and experienced team. We are happy to discuss your situation and help you choose the best capped mortgage for you.
Get quotes prepared fast and easy from our award winning brokers starting, with our smart online form. Quote request
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