Capped mortgages in Stockport for the best of both worlds

What are Capped mortgages?
Capped mortgages guarantee that your monthly payments will not go above a certain amount, within a defined period. However, if interest rates fall then your mortgage payments can reduce also.

Who uses Capped mortgages?
Capped mortgages often suit those who can manage with the fluctuations of a variable rate, but are also concerned about interest rates increasing. Capped mortgages offer some security for borrowers as they guarantee if rates do rise they will not go beyond the agreed Capped Rate. Equally if rates drop you could benefit from lower monthly payments.

Summary
Best of both worlds. Offering a guarantee of a maximum monthly payment, with the potential to see your repayment fall in line with declining interest rates. You could pay a premium for it though.

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