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'Martin Lewis: 'Millions can save £10,000s overpaying their mortgage – but others should save instead. Which are you?''
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MSE News: Martin's 'Should I start overpaying my mortgage?' help

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The below article was first written by MoneySavingExpert.com (MSE) founder Martin Lewis for our weekly email on 5 October 2022. It was updated by the MSE Team with the latest rates on 6 October 2022.
Martin: "Today I want to focus on a specific issue many are asking me about. Should those still with savings use them to reduce their mortgage debt? For some, yes, but like a troop of baboons, there are plenty of big buts..."
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You own your own home.
No Mortgage to pay and only household bills to find each month.
I consider this a vital part of retirement planning !
Living off a pension or two can be hard but trying to do it while also paying a mortgage each month is so much harder.
Yes you may earn more interest or tax savings by pumping money into a pension or regular saver but Overpaying the mortgage No matter what the rate is for me very " Money Saving "