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UK Capped Rate MortgageA capped rate mortgage is very similar to a fixed except that if the variable rate drops below the capped rate, the borrower will make payments based on the lower variable rate. However should rates increase the payments will be ‘capped’ and will not rise over the capped rate. So as a rough ‘rule of thumb’ a capped rate is better to have than a fixed if all other factors are equal. Again, as with fixed rates, up-front charges and ‘lock-ins’ are common. |
| Coventry Building Society | Scarborough Building Society | Nottingham Building Society | Britannia Building Society | Lambeth Building Society | Chelsea Building Society | Skipton Building Society |
| Nationwide Building Society | Northern Rock Building Society | Woolwich Building Society | Derbyshire Building Society | Leeds & Holbeck Building Society | Cheltenham & Gloucester Building Society |
| Coventry Building Society | Scarborough Building Society | Nottingham Building Society | Britannia Building Society | Lambeth Building Society | Chelsea Building Society | Skipton Building Society |