Households made an unprecedented £23.3 billion of mortgage overpayments last year, or £64 million per day, as mortgage rates spiked in the wake of the mini-budget new data from the Equity Release Council has revealed. The September fiscal statement prompted those able to do so to make lump sum payments and reduce their loan sizes…
Read moreOne in ten (10%) mortgage holders have decreased overpayments amid the cost of living crisis according to Comparethemarket. As households try to adapt to higher mortgage rates and the increased cost of living, one in two (51%) homeowners who regularly overpay on their mortgage are concerned about their ability to continue doing so over the…
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