The Times - Perks of overpaying your mortgage

Aaron Strutt Image

Increasing your monthly mortgage payment should help you save money and ensure you are free of debt earlier.

Aaron Strutt of Trinity Financial, told The Times: "Even if you pay only £50 or £100 more on your mortgage every month, it can be worth doing." 

Many lenders cap overpayments at 10% per annum, so you need to check your mortgage terms and conditions before making any additional payments.

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