...the ideal mortgage rate is, after all, one which can go down, but not up.
Capped rate mortgages combine the best of both worlds, in the sense that they are fixed against rate rises, but variable when rates drop. In practice the availability of capped rate mortgage deals can be heavily affected by the state of the market at any one time: where there is seen to be a possibility of a sharp rise in rates lenders may be unwilling to commit to competitive capped deals which could lose them money in the long run.
Ironically, it is when the market is in this precise state that the demand for capped rates is at its peak.
As professional mortgage brokers, with access to a large number of lenders, we can source from the whole of the marketplace to help you find the most competitive quotes considering your individual situation and individual preferences.