CAT Mortgage (Charges Access Terms)

This is a mortgage that complies with specific guidelines laid down by the Labour government in April 2000 for people who wanted to set out basic and transparent conditions for all mortgage products, particularly in terms of the charges applied, the flexibility of the mortgage, and the terms applicable to it. The aim is to make mortgages more straightforward and easier to understand.

They have not been very popular since they were launched, and are largely ignored by most mortgage borrowers.