How to save money on your mortgage

Switch and save - a mortgage must do

Switching to a better mortgage rate is the number one way to save a significant amount of money over the lifetime of your mortgage. In fact, it's one of the most important financial decisions you could ever make.

Have you come (or are you coming) to the end of a fixed mortgage rate?

You can assess your switching options using our completely free switching service.

Are you on a variable or tracker mortgage rate?

With the Bank of England base rate currently at an all-time low, you might be able to switch and save straight away.

In addition to providing a free switching service, we'll pay up to £100 off your mortgage balance every time we switch you to a better rate.

You can arrange a callback from one of our expert mortgage experts through the Accelerate My Mortgage portal at any time.

Switch and save - even if your personal circumstances have changed

One of the best-kept secrets in the mortgage market is that you may be able to switch to a better mortgage rate even if your personal circumstances have changed.

Have you changed jobs, had children, divorced or separated, or experience a change in household income since taking out your mortgage originally?

Even if the answer to any of the above is a yes, this doesn't always mean you can't switch to a better rate.

You can arrange a callback from one of our expert mortgage experts through the Accelerate My Mortgage portal at any time.

Switch early, save early

You may be able to switch to the better mortgage rate up to four months before your current mortgage deal is up for renewal, meaning you can secure the benefits of switching while interest rates are at historical lows.

You can arrange a callback from one of our expert mortgage experts through the Accelerate My Mortgage portal at any time.

Avoid Standard Variable Rate (SVR)

A Standard Variable Rate (SVR) is the uncompetitive 'go to' rate your mortgage lender will normally put you on when you reach the end of a current mortgage deal. If you stay on SVR for a long period, you could end up paying thousands of pounds more than you need to. 

If you are on SVR (or think you might be), you can arrange a callback from one of our expert mortgage experts through the Accelerate My Mortgage portal at any time.

Pay off your mortgage with retail rewards

Accelerate My Mortgage offers a unique way of saving money on your mortgage. We use cashback from spending with leading retailers to help homeowners pay their mortgages back faster.

Find out how you can accelerate to mortgage freedom and save big on interest and repayments.

Overpay your way to mortgage freedom

Overpaying your mortgage can have a dramatic impact on the amount of interest you pay back. This is because the larger your mortgage amount and the longer it takes to pay off, the more interest you end up paying.

In other words, the quicker you pay off your mortgage, the less you pay. For example, a mortgage over payment of £100 could save a homeowner another £86.70, based on a typical 25 year mortgage of £150,000 and an interest rate of 2.50%. See our guide to overpaying your mortgage.

Refer a friend and win a month off your mortgage

Every time you refer a friend you also get the chance to earn an extra mortgage reward of £25.

Accelerate My Mortgage is all about fast tracking homeowners to mortgage freedom, and now could be your chance to get a taste of what this really feels like.