Capped remortgages

Remortgage types - Fresh Start (...) >> Capped remortgages

With a capped remortgage your interest rate will never rise above an agreed level. Fresh Start Finance can help you find the lowest APR capped remortgage from the whole of the UK market. Our service is totally transparent and easy to understand - we won’t charge any hidden fees or commissions. Even if you have a bad credit history (including CCJs, bankruptcy, arrears or defaults) we can help you arrange a capped rate remortgage.

Apply for a capped rate remortgage with Fresh Start Finance

What is a capped rate remortgage?

Capped remortgages are guaranteed not to exceed a certain interest rate for a set period, usually up to two years. This makes it easier for you to control your finances, because you know that your monthly payments won’t be more than a certain amount. After the initial capped period, the remortgage will return to a fixed or variable rate.

Is a capped remortgage right for you?

Capped remortgages offer lots of benefits, but they aren’t right for everyone. It’s worth considering the following points before you make a decision:

If interest rates rise your repayments still won’t go above a set level
If rates fall, you still have the advantage of lower payments
Because you know your maximum monthly payment, It’s easier to budget
Initially, you may have to pay a higher rate than you would have paid for fixed or discounted remortgage
There can be early repayment penalties
The capped rate only lasts for a certain period (often 2-3 years), then the remortgage usually returns to the lenders SVR (standard variable rate)