🇬🇧 UK mortgage crisis
£65 billion in interest
UK home owners will pay £65,929,320,000 (over £65 billion) in mortgage interest.
That’s for one year. 😲
Outstanding UK mortgages total £1,703.6 billion, Mortgage Lenders & Administrators (Q2 2025). Effective rate across all mortgages was ~3.87%.
30+ year mortgages
The duration of mortgages (and the total interest paid) has been growing since 2005.
FCA New Mortgage Database (2005 to 2024).
3 million people at risk
Over 3 million UK home owners are expected to keep their mortgage into retirement.
Retired home owners shouldn’t
be struggling with debt.
UK home owners will pay £65,929,320,000 (over £65 billion) in mortgage interest in 2025. That’s for one year.
How Sprive works...
1
Use your everyday shopping to earn rewards that overpay your mortgage.
2
Create a monthly auto-save to set aside spare cash which overpays your mortgage.
3
Save thousands in interest with the best remortgage deal (not just a broker’s preferred lender).
What's the catch?
We hear that a lot! There is no catch.
On average, Sprive customers save £5,991 in mortgage interest and are mortgage free 1 year, 2 months earlier.
Sprive makes money via partnerships with shopping brands and by offering you the best possible mortgage deal when it’s time to renew (lenders pay a fee to brokers).
Accept your invite and start taking years off your mortgage
Sprive supports 85% of mortgage lenders in the UK. It’s completely free.
