Compare Capped Mortgages

What is a capped mortgage?

A capped rate mortgage is a variable mortgage rate, however unlike certain other types of variable rate, a capped mortgage has a limit beyond which your payments cannot rise.

Although the rate is variable, a capped rate can give you peace of mind, similar to that of a fixed-rate deal, that you'll never pay over a certain amount for your mortgage.

This cap is usually available for a introductory period only, after which you are likely to revert back to your lenders standard variable rate.

Capped rates are much less common than other types of mortgage so may be difficult to find.