I have seen the term "capped rate mortgage." That seems very attractive but are these a con with the top rate being set very high?

Asked by dorningne

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Answered by Paul Skinner, IFA in Odiham, HAMPSHIRE
Capped rates do sound attractive, however, in reality, the rates are often higher than other rates due to the increased to the lender. However they are certainly mot a con. They have not proved very popular in the past and there are now very few such products available. You can usually find a fixed rate at a lower rate than a capped rate, which gives even more security.

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http://pks.org.uk/comparemortgages.asp

Regards

Paul Skinner
PKS - Mortgage & Insurance Experts
T: 0845 226 5009 | 11.03.12 @ 08:51
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$commenter.renderDisplayableName() — {comment} | 09.22.17 @ 09:49
Answered by Paul Skinner, IFA in Odiham, HAMPSHIRE
Sorry - "increased RISK to the lender". | 11.03.12 @ 08:53
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$commenter.renderDisplayableName() — {comment} | 09.22.17 @ 09:49
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Answered by

Paul Skinner
Paul Skinner, IFA in Odiham, HAMPSHIRE

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