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Capped Rate Mortgages
WITH the indication from the Bank of England that interest rates might be going down, this has thrown the spotlight onto capped rate mortgages. Capped Rate mortgages has the advantage of reducing your payments if interest rates go down, but if they start to rise again your rate will be capped at a specific rate for a certain amount of time. These mortgages set a ceiling on how much you pay, but will allow the rate to fall again after interest rates peak. Just spending a few minutes at Secure Finance will put the best offers on Capped Rate Mortgages at your fingertips.
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