Capped Mortgage
A capped mortgage is one where the interest rate on the loan cannot rise above a certain level.
In the UK a capped rate, like a fixed rate, is only usually available for the first few years of the mortgage (e.g. up to 5).
A capped mortgage is one where the interest rate on the loan cannot rise above a certain level.
In the UK a capped rate, like a fixed rate, is only usually available for the first few years of the mortgage (e.g. up to 5).
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