Nottingham Letting Agent Property Blog

In spite of evidence showing that overpaying on a mortgage can be more beneficial than saving money, twice as many homeowners are choosing to save regularly rather than take advantage of low interest rates to pay down their mortgage, according to research from First Direct bank. Their survey of just over 1,000 mortgage holders found that 42% save money regularly, but just 21% regularly overpay on their mortgage. However it also found that nearly a third don't know the current interest rate payable on their mortgage while 43% don't know the total cost of their mortgage. Around 25% are in the...