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A
Capped Rate Mortgage offers you an interest rate with a maximum rate for
a set period of time. This means that during the capped period, your interest
instalments will not rise beyond the capped amount even if interest rates
increase sharply. Plus Points: While you are protected from increases in
rates, you will benefit from any falls in interest rates. Points to Watch:
Administration or application fees can add to the cost of the mortgage.
There are 2 standard repayment methods for Capped Rate Mortgages : Straight
Repayment & Interest Only Simply complete the brief Mortgage Quote Form and we will contact you within 24 hours with an agreement in principle. |
Licensed
credit brokers. Written quotations on request.
Loans secured on property. Your home is at risk if you do not keep up
with the repayments on a mortgage or other loans secured on the property.
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