Capped Rates | Jargon Buster on Chase De Vere Mortgage Management
Home

Capped Rates

Capped Rates

In other words

A type of mortgage rate which allows your interest rate to rise no higher than a specified amount. But can still reduce in line

Definition

A type of mortgage rate which allows your interest rate to rise no higher than a specified amount. But can still reduce in line with Bank Base or the lenders Standard Variable Rate (SVR).