Interest Rate Ceiling – Mortgage Glossary

Mortgage Glossary

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Interest Rate Ceiling

As a way of protecting borrowers and offering a degree of certainty, there is often a highest cap placed on the interest rate that can be charged. This is sometimes referred to as a ‘lifetime cap’.

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Typical Interest Payments

First Time Buyers

2.89%

Purchased Fixed

2.89%

Discounted Rate

2.99%

Buy To Let

2.99%

Commercial

3%

 

 

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Mortgage Glossary

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