Best Capped rate mortgage/remortgage options

UK capped rate mortgage options help you to budget. Interest rates on a capped rate mortgage can move up and down with the market, but will never exceed a specified top level – ‘the cap.’

Our Best Buy table below gives you a quick overview of some of the very best capped rate mortgage deals in the UK.

Capped rates are a niche, and sometimes they are not available.  However, John Charcol does have other mortgages that offer some degree of protection.  From the best fixed rates to the best tracker rates with a drop lock option, there are mortgages and remortgages available that suit all types of borrowers.

Provider Mortgage Type Initial Rate/Duration Subsequent Rate/Duration The overall cost for comparison Early Repayment Charges  
Capped rate 2.89% until 30/09/2012 4.79% for term 4.80% APR 3% until 30/09/2012
Capped rate 3.09% until 31/08/2015 5.19% for term 3.90% APR 2% until 31/08/2015
Capped rate 3.39% until 30/09/2012 4.79% for term 4.80% APR 3% until 30/09/2012
Capped rate 3.49% until 30/09/2012 4.79% for term 4.90% APR 3% until 30/09/2012
Capped rate 4.54% until 30/09/2012 4.79% for term 5.10% APR 3% until 30/09/2012

* All calculations are based on a £150,000 repayment mortgage at 75% loan to value over 25 years

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