MoneySavingExpert

Mortgage holder alert as new figures reveal 370,000 are overpaying – can you save £1,000s/yr? Here’s how to check

Hundreds of thousands of homeowners are overpaying on their mortgage because they’re languishing on their lender’s standard variable rate, new data from the financial regulator has revealed. Yet savings of £1,000s a year may be available if homeowners remortgage to more competitive deals – something they may want to consider sooner rather than later with further interest rate rises expected.