Coronavirus (COVID-19) mortgages update
The current deadline for mortgage payment holiday applications, which allow homeowners to defer payments for up to six months, is 31 January 2021. You can find out more with the following articles:
- How to apply for a mortgage payment holiday
- What's happened to mortgages during COVID-19?
- How has the coronavirus affected house prices?
For the latest updates and advice, visit the Which? coronavirus information hub.
Mortgage overpayment calculator
Find out how much you could save by overpaying your mortgage, plus how quickly you could pay the loan off compared to your current term, with our mortgage overpayment calculator.
Why overpay your mortgage?
If you can afford to do it, overpaying your mortgage can be a great way of saving money in the long run. This is because, by clearing the debt quicker, you'll spend less time paying interest on what you owe - which can mean saving thousands of pounds.
In the shorter term, overpaying your mortgage can also help you get a better deal when you come to remortgage. This is because you'll own a greater proportion of your home, meaning you can borrow at a lower LTV (loan-to-value ratio) - which often means better rates.
More mortgage calculators
Need to make more calculations? Our full range of mortgage calculators can help you find out everything from how much your repayments could change if interest rates rose to where you should buy a home.
