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Should you be making mortgage overpayments?

It's estimated that over 3 million people in the UK have made overpayments. We asked our users at Sprive, for their reasons for paying off their mortgage early and here is what we found.

Author - Jinesh Vohra
Jinesh Vohra24 May, 2021

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Sprive Limited is an appointed representative of Albany Park Limited for mortgage services (304130) and Prepay Technologies Ltd which is an electronic money institution authorised by the Financial Conduct Authority under the Electronic Money Regulations 2011 (FRN 900010) for the issuing of electronic money which are authorised and regulated by the Financial Conduct Authority. Our Financial Services Register number is 919863.

Typical UK mortgage is assumed to be a repayment mortgage with a balance of £250,000 at 2% interest for 25 years.
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