Business terms and jargon explained. Your business dictionary
What is Capped Rate
A capped rate on a mortgage in the maximum interest rate the lender will charge for the period specified. If the Bank of England base rate increases above the capped rate, you will still not be charge over the capped rate.
Knowledge is the key to success. That is why we have gone to great lengths to get you these business terms, and to explain them in Plain English so it is very easy to understand. Getting the right understanding and knowing your business jargon will keep you informed among your peers.