Accelerate My Mortgage
We'll fast track you to mortgage freedom
More than 1.8 million homeowners have already opted to take a mortgage payment holiday due to the financial fallout of the COVID-19 crisis.
The Treasury confirmed an extension to the package earlier this morning, meaning those struggling to pay their mortgage are now able to extend their payment holiday for a further 3 months (you can read the Government's official press release here).
It could be a financial lifeline for so many households, but the longer-term implication is that homeowners will see their monthly payments rise when the payment holiday period ends.
Accelerate My Mortgage can help you offset these costs.
To get an idea of how our unique solution could work, let's use a simple example:
Our Mortgage Rewards programme enables homeowners to earn cashback from everyday retail purchases, with every penny accumulated automatically paid off your mortgage balance as overpayments.
We're currently partnered with over 50 of the UK's leading brands (and the list is growing quickly), so our aim is to help homeowners earn enough to help cover their additional monthly mortgage payments. We also reward homeowners that use our free mortgage switching service, which is designed to keep you on the best mortgage rates for your circumstances.
Mortgage Rewards can also help households overpay in the future (beyond COVID-19), reducing your mortgage balance and helping you reach mortgage freedom faster.
For example, using the 3 month payment holiday scenario above:
To find out more about our Mortgage Rewards programme, click here.