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Glossary of Mortgage & Repossession Terms - C

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Cap and Collar Mortgage

A mortgage with a set maximum and minimum interest rate over a given period. The Cap defines the maximum rate and the Collar the minimum rate. The interest rate can fluctuate between these rates for the period of the product.

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Your home may be repossessed if you do not keep up repayments on your mortgage.

The overall cost for comparison is 7.9% APR. The actual rate will depend upon your circumstances. Ask for a personalised illustration. APR variable and based on a usual case. Our fee will depend on your circumstances, and indication is £1995. Evict Stop is a trading style of Nelson Finance Ltd (04483998), 96-98 Liverpool Rd, Kidsgrove, Stoke-on-Trent, Staffordshire, ST7 4EH. Calls to 0870 numbers are charged at national rates.