Capped rate mortgages set a ceiling value to the rate of interest that you will have to pay. Therefore if the interest rate rises above this ceiling value then you will only pay the ceiling value rate. If the interest rate falls below your ceiling value then so will your rate and therefore your payments. Again these types of policies are for a certain length of time from 1 year plus. Fill in this form to speak to a qualified advisor for impartial no obligation advice on the best Capped Mortgages.