Compare Capped Rate Mortgages

We help you compare the best capped rates mortgages available in the UK so that you can find the right mortgage deal in minutes. We also explain the advantages and disadvantages taking out a capped rate mortgage so that finding the cheapest deal for you is easy.
 CompanyCapped RateMortgage TypeInitial RateFinal RateAPRMax LTV 
 
  APREnd Date    
BritanniaBritannia Flex 5yr BBR + 2.49% Capped Tracker LTV 75% Direct5.99%Standard2.99%30 Nov
2015
4.24%3.8%75%Britannia Flex 5yr BBR + 2.49% Capped Tracker LTV 75% Direct
Proceed
The Co-operative BankThe Co-operative Bank Flex 5yr BBR + 2.49% Capped Tracker LTV 75%5.99%Standard2.99%30 Nov
2015
4.24%3.9%75%The Co-operative Bank Flex 5yr BBR + 2.49% Capped Tracker LTV 75%
Proceed
Hanley Economic Building SocietyHanley Economic Building Society 5yr 2.20% Discount Capped LTV 75% Direct5.99%Discounted2.99%60months4.19%4.1%75%Hanley Economic Building Society 5yr 2.20% Discount Capped LTV 75% Direct
Proceed
BritanniaBritannia Flex 5yr BBR + 2.99% Capped Tracker LTV 85% Direct6.49%Standard3.49%30 Nov
2015
4.24%4%85%Britannia Flex 5yr BBR + 2.99% Capped Tracker LTV 85% Direct
Proceed
The Co-operative BankThe Co-operative Bank Flex 5yr BBR + 2.99% Capped Tracker LTV 85%6.49%Standard3.49%30 Nov
2015
4.24%4.1%85%The Co-operative Bank Flex 5yr BBR + 2.99% Capped Tracker LTV 85%
Proceed
 Edit Selected Products Remove All Products

Capped Rate Mortgage Guide

Whether you are a first time buyer or looking to remortgage, we explain why a capped mortgage may be the right option.

A capped mortgage ensures that the interest rate does not rise above a predefined threshold, the capped rate. The interest rate is usually the same as the lender's standard variable rate, but will not rise above the capped rate.

Capped rate mortgages are also available in conjunction with some discount mortgages.

Advantages

  • You can benefit from a fall in the Bank of England's base rate that leads to a subsequent fall in your lender's standard variable rate. At the same time you remove the risk of the interest rate increasing beyond a known level, allowing you to budget more easily.

Disadvantages

  • Early redemption penalties will almost certainly apply, which may also extend beyond the end of the discounted period. This means you will be unable to change your mortgage during the 'early redemption penalty period' without paying a fee, which may be up to the value of six months mortgage repayments. So, you may be trapped in an uncompetitive rate once the interest rate reverts to the lender's standard variable rate.
  • You will normally have to pay an application fee when arranging your capped mortgage.

NB This information is provided to give you an overview of the different types of mortgages available. It is not comprehensive and you should not base your mortgage decision on the information found here. We recommend you seek professional advice in order to determine the most suitable mortgage for you.