you are here: Homepage > Capped Rate Mortgage >      Capped Rate Mortgage       Better Mortgages - Capped rate mortgages in the UK have a maximum interest rate for an agreed period. Interest cannot be applied to the loan higher than an agreed cap rate, but may vary beneath the cap following the normal market fluctuations. A variant of the UK capped rate mortgage is called a cap and collar mortgage....    Enhanced Wealth - Capped rate mortgages: These mortgages have a variable interest rate but there is a fixed upper limit to the amount of interest that will be charged. If the base rate remains stable or falls, the interest remains in line with it and falls too. In this way, capped mortgages combine the most attractive aspects of fixed and variable-rate mortgages. The cap will not last the entire life of your mortgage but can last as long as five years or even more.....    First Mortgage - Capped rate 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    Furness IFA - Capped rate mortgages put a maximum limit on the interest rate that you have to pay. You therefore gain the security of having a 'ceiling' or upper limit to the amount that the lender can increase the interest payable on your mortgage usually for a specified period. We are independent mortgage advisers and have access to the whole of the market place and can find you the most suitable capped rate mortgages available    Kingswood Law - Capped rate mortgages offer you the security of knowing the maximum you could be repaying during the capped rate period, which should make budgeting easy. You may benefit from a reduction in interest rates although if a ?collar? applies there may be a limit below which the rate you pay will not fall    Mortgage Advice Bureau - Capped rate mortgages offer you the option of knowing the maximum monthly repayments you would have to make during a set period, typically two or three years. Capped rates work in a similar way to variable rates but offer similar security to fixed rates.....    New Mortgagefinder - With capped rate mortgages you pay the standard variable rate but your lender will set an upper rate - or cap. Your interest rate is guaranteed not to rise above this level for the period the cap is in place. You get the best of both worlds, in that the amount you pay will never rise beyond a certain amount for the period of the deal but it could fall if.............    UK Mortgage Source - Capped rate mortgages have variable interest rates that will not rise above a certain upper limit. Interest on capped rate mortgages is usually charged at the lender?s Standard Variable Rate (SVR) and any changes to this rate will affect the amount of monthly repayments due. However, unlike a normal variable rate product, capped rate Mortgages offer the borrower some protection against interest rate rises......