Martin Lewis has outlined the advantages of overpaying your mortgage, which may also help prevent 1000’s.
Talking on the most recent episode of The Martin Lewis Podcast on Spotify, he shared a “quite simple rule of thumb” and instructed that in case your mortgage fee is greater than you may earn in financial savings, then overpaying mathematically provides up.
The MoneySavingExpert then detailed some “gobsmacking financial savings” and skim a thanks from a listener who saved £35,000 by overpaying, knocking 10 years off their mortgage time period.
“I’ve already had messages from individuals saying ‘£35,000, that’s nothing, let me inform you how a lot I saved by overpaying,” Mr Lewis added.
