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Tag: CAPPED
CAPPED
The differences between fixed and capped rate mortgages
Fixed-rate and capped-rate mortgages are two types of mortgage products that offer different ways to manage the interest rate on a home loan. Here are the main differences between the two: Fixed-Rate Mortgages A fixed-rate mortgage has an interest rate that remains the same for a specified period, typically between 2 to 10 years. Here… Read more
Capped rate mortgages – what you need to know
A capped rate mortgage in the UK is a type of mortgage product that combines elements of both fixed-rate and variable-rate mortgages. With a capped rate mortgage, the interest rate fluctuates in line with the lender’s standard variable rate (SVR), but there is a limit, or cap, on how high the interest rate can rise… Read more