| Capped Mortgages |
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With a Capped rate mortgage the amount of interest you pay can go down if the variable rate falls but cannot go above a predefined maximum. The advantage is that the rate can never go too high and if the rate falls then you pay less. The disadvantage of this type of mortgage is that there are only a limited number of these deals on the market and they can be less competitive than fixed or variable rates. There is often also an administration charge. Please visit our Mortgage sourcing pages to see some examples of this type of mortgage. Your home may be repossessed if you do not keep up repayments on your mortgage
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| For mortgages we can be paid by a fee, usually, £495 or by commission |