When you think about paying off your mortgage, it’s easy to focus on the size of your monthly payment or the interest rate you’ve managed to secure. But one of the simplest and most effective ways to save money on your mortgage over time is something many people overlook: making overpayments . It might not sound exciting, but even a small extra payment can reduce how much interest you pay and shorten the life of your mortgage. It’s one of those quiet, powerful habits that can make a big difference in the long run. What is an overpayment? An overpayment is when you pay more than your regular monthly mortgage amount. This can be done as a one-off lump sum or by increasing your monthly payment  slightly on a regular basis. Most lenders will allow you to overpay up to 10% of your outstanding balance each year  without any early repayment charges, though this can vary depending on your lender and the type of mortgage you have. It’s always worth checking the details before making any extra payments. Why it matters When you make an overpayment, that money goes straight towards reducing your loan balance, not your interest. Because your interest is calculated on what you owe, even a modest overpayment can start saving you money immediately. For example, if you have a £200,000 mortgage with 20 years left and an interest rate of 5%, paying an extra £100 a month could save you more than £25,000 in interest  over the term and cut almost three years  off your mortgage. That’s the power of consistency. Small steps count You don’t need to make large overpayments for it to be worthwhile. Even small changes, like rounding up your monthly payment or using part of a work bonus, can have a meaningful effect over time. The key is to treat it as part of your routine. Setting up a small standing order each month or reviewing your budget once or twice a year can help you make overpayments without even noticing the difference. If your lender allows it, you can also make one-off payments whenever you have spare cash. Just remember to confirm there are no fees before doing so. Flexibility and peace of mind Overpayments aren’t just about saving money. They can also give you more control and flexibility later on. Reducing your mortgage balance early can mean smaller repayments in the future if you ever need to switch to interest-only for a short time or adjust your outgoings during a difficult period. It’s a form of financial resilience as much as it is a money-saving strategy. If you’re planning to remortgage soon, overpaying before you apply can also help you qualify for better rates. A lower loan-to-value ratio (the amount you borrow compared to the value of your property) often opens up more competitive options. Let’s see what’s right for you Before making overpayments, it’s worth having a quick chat so we can look at your current deal, the lender’s rules, and your overall financial goals. Sometimes it’s better to build up an emergency fund first or clear higher-interest debts before focusing on your mortgage. I can help you run the numbers and see how much of a difference even a small overpayment could make in your situation. If you’d like to find out how to make your mortgage work harder for you, get in touch and let’s look at the options together. Barry, The Mortgage Network - Supporting homeowners who want to save money, reduce stress and take control of their mortgage future.   Your home may be repossessed if you do not keep up repayments on your mortgage.

The Autumn Budget is due on 26 November , and although it might seem like something that only affects businesses or big investors, it can have a real impact on homeowners and anyone planning to buy. Each year, the Chancellor’s announcements can influence everything from housing schemes and taxes to the wider mortgage market. Even small changes in these areas can affect the decisions lenders make, how confident buyers feel, and what options are available. That’s why it’s always worth paying attention and getting ahead of any changes. What could change this year? There’s been plenty of speculation about what the government might focus on. Some of the main areas being discussed include: Stamp Duty This is one of the biggest talking points whenever a Budget comes around. Any change to Stamp Duty thresholds or reliefs can make a big difference to buyers, especially first-timers and those moving up the property ladder. A temporary cut or adjustment could bring more people into the market, while a rise might have the opposite effect. Help-to-Buy and housing schemes Government support for first-time buyers has been slowly winding down over the past few years, but there’s talk of new or revised schemes being introduced to help younger buyers get onto the ladder. If you’ve been thinking about buying your first home, it could be worth keeping an eye on what’s announced. Landlord and property tax rules If you own a buy-to-let property, the Budget can have a big influence on your return. Tax changes, new rules for deductions, or adjustments to capital gains tax could alter the financial side of letting. Understanding these changes early can help you plan ahead. Interest rates and inflation forecasts While the Chancellor doesn’t set the Bank of England’s base rate, the Budget often gives clues about the government’s economic outlook. If the message is that inflation is coming under control, it could mean the base rate starts to fall next year. That would be welcome news for anyone due to remortgage in 2026. Why it matters to homeowners and buyers If your fixed rate is due to end in the next six to twelve months, the Budget could give you valuable insight into what might happen next. For example, if rates look likely to drop, you might choose to hold off fixing again straight away. On the other hand, if there’s any hint of financial tightening, securing a new deal early could save you money. For those planning to buy, changes to taxes, thresholds or government support can alter your budget and how far your deposit will stretch. Acting quickly after any new announcement can make a real difference, especially if the market reacts fast. How I can help you prepare I spend a lot of time analysing how these announcements translate into real-world effects for borrowers. After the Budget, I’ll be reviewing what’s changed and how it might affect different mortgage options. If you’re unsure what to do next, we can sit down and look at your situation together. Whether that means reviewing your existing deal, starting a remortgage application, or exploring first-time buyer options, I’ll help you make decisions based on facts, not speculation. Getting advice early means you’re ready to act quickly once we know what’s changing. It also gives you time to lock in a deal or prepare your paperwork before lenders adjust their rates. My take Budgets can feel uncertain, but they’re also a time of opportunity. By understanding what’s coming and how it affects you, we can put you in a strong position for whatever happens next. If you’d like to review your mortgage or talk about how the Autumn Budget could affect your plans, get in touch and we’ll go through it together. Barry, The Mortgage Network - Helping you make sense of market changes so you can make smart, confident choices about your home.   Your home may be repossessed if you do not keep up repayments on your mortgage.

What Every Homeowner Should Know Mortgages aren’t something most of us arrange every day. In fact, for many people, it’s a decision they only face every few years when their deal ends. That gap makes it easy to miss details or fall into traps that could cost you thousands over the life of your loan. The good news is, most pitfalls can be avoided with the right preparation and advice. Here are the most common mistakes homeowners make, and how to sidestep them.   Pitfall 1: Letting your deal end without acting When your fixed-rate or tracker deal finishes, you’ll usually be moved onto your lender’s Standard Variable Rate (SVR). This could be higher than your existing rate and may significantly increase your monthly payments. How to avoid it: Start looking at your options around six months before your deal ends. That gives you time to secure a new rate and avoid a last-minute rush.   Pitfall 2: Focusing only on the headline rate It’s tempting to jump at the lowest interest rate you see, but mortgages come with fees that can make a “cheap” deal far more expensive overall. Arrangement fees, valuation fees, and even early repayment charges can all affect the true cost. How to avoid it: Always look at the total cost over the fixed term, not just the rate. An adviser can run the numbers so you’re comparing like-for-like.   Pitfall 3: Ignoring changes in your circumstances Life rarely stands still. Maybe your income has changed, you’ve taken on new commitments, or your home’s value has increased since your last mortgage. If you don’t update your lender or adviser on these changes, you might miss out on deals that fit your situation better. How to avoid it: Review your mortgage in the context of your current life, not the circumstances you were in when you last fixed.   Pitfall 4: Not exploring all your options Many borrowers could choose sticking with a product transfer with their existing lender as it might be relatively quick and easy. While this can sometimes be the right choice, it can also mean missing out on better deals available through remortgaging. How to avoid it: Compare both routes, product transfer and remortgage. Convenience is valuable, but so is saving money.   Pitfall 5: Overstretching your budget It can be tempting to borrow the maximum amount offered, especially if you’re moving house or eyeing home improvements. But stretching yourself too thin leaves little room for unexpected costs, interest rate changes, or life’s surprises. How to avoid it: Be realistic about what you can comfortably afford, not just what you qualify for. A smaller mortgage with breathing space is often better than a bigger one that leaves you stressed.   Pitfall 6: Going it alone Comparison sites can be useful, but they rarely show the whole picture. Some lenders don’t advertise deals directly to the public, so customers’ individual circumstances might not be taken into consideration and the nuances of fees, terms, and conditions are easy to overlook if you’re not familiar with them. How to avoid it: Speak to a qualified mortgage adviser. They can access a wide range of mortgages and explain the pros and cons in plain English.   Avoiding common mortgage mistakes isn’t about being an expert in finance, it’s about knowing the risks and getting the right guidance. By planning ahead, comparing options properly, and seeking advice, you can make confident choices that save money, reduce stress, and support your long-term goals.   Barry, The Mortgage Network - Mortgage Adviser, here to help you avoid the pitfalls and make the most of your mortgage.

Discover tailored mortgage solutions at The Mortgage Network. From expert advice and clear borrowing guidance to seamless application processing, we specialise in competitive options for homebuyers and Buy-to-Let investors. Trust our experience and lender relationships to secure the best mortgage for your needs. Looking for a mortgage? Here’s what we offer: Expert advice tailored to your needs. Clear guidance on borrowing limits. Assistance in finding the right mortgage product. Submission and processing of your mortgage application. At The Mortgage Network, we specialise in securing competitive mortgages for both homebuyers and Buy to Let Investors. With our extensive experience and strong lender relationships, we keep up with market changes to offer you the best options available. Mortgages Offering individual mortgage guidance tailored specifically to your needs Contact Us Book a Call First-time Buyer Welcome to The Mortgage Network, where we specialize in guiding first-time homebuyers through the exciting journey of purchasing their first property. Navigating mortgages can be complex, but we're here to simplify the process for you, providing expert advice and walking you through every step until you reach your new front door. Here's how we can assist you: Establishing Your Budget: We'll help you determine a realistic budget using our budget planner tool, ensuring that your mortgage is comfortably affordable. Deposit Guidance: Understanding how much deposit you need is crucial. We'll explain the concept of loan-to-value ratio (LTV) and help you explore mortgage deals based on your deposit size. Considering Extra Costs: Beyond the purchase price, we'll help you factor in additional expenses like furnishings, renovations, conveyancing fees, and stamp duty. We source the most suitable mortgage options from a wide range of lenders. This ensures you have access to competitive rates and a mortgage product that matches your needs. Budgeting for Household Expenses: We'll guide you in budgeting for ongoing expenses such as council tax, utilities, and maintenance, ensuring there are no surprises once you're a homeowner. Remember, a mortgage is a long-term commitment, so finding the right solution tailored to your needs is paramount. For more information, please call us on 020 8798 0184 or use our contact form. Your property may be repossessed if you do not keep up repayments on your mortgage. Moving Home Welcome to The Mortgage Network, your go-to destination for expert mortgage assistance when you're moving home. Don't wait until the eleventh hour to determine your borrowing capacity or find the right mortgage product. Call us today to position yourself for a successful home purchase. Navigating the residential mortgage market can be daunting, with each lender offering different criteria and a myriad of products. With our extensive experience and wealth of knowledge, we're equipped to guide you through this maze, regardless of your background, credit situation, or unique requirements. When you choose The Mortgage Network, you benefit from: Expert Guidance : Our seasoned advisers will help you make informed decisions, ensuring you select a mortgage that aligns with your financial needs and goals. Comprehensive Lender Options: We source the most suitable mortgage options from a wide range of lenders, not limited to your current lender. This ensures you have access to competitive rates and suitable terms. Financial Clarity : We'll provide insights into how much you can afford to borrow, the associated fees, and what your monthly mortgage payments are likely to be, giving you a clear picture of your financial commitments. It's crucial to seek impartial advice rather than simply reverting to your existing lender. While they may offer mortgage products, there could be better options available elsewhere, potentially saving you money in the long run. Don't navigate the homebuying process alone. Contact The Mortgage Network today and let us guide you toward a smooth and successful move. For more information, please call us on 020 8798 0184 or use our contact form. Switching to different lenders may incur extra costs. Your property may be repossessed if you do not keep up repayments on your mortgage. Remortgage Could you be overpaying on your mortgage? As your mortgage renewal date approaches, it's crucial to explore whether you could secure a better deal. When your fixed-term mortgage expires, you're often shifted to your lender's standard variable rate (SVR), potentially resulting in higher monthly payments. Don't wait until it's too late – take proactive steps to obtain a competitive mortgage. Remortgaging requires a keen understanding of the market, and with our years of experience, we possess unparalleled market intelligence to guide you through this process. Consider the following factors when contemplating a remortgage: Fees: While lower rates may seem enticing, it's essential to account for administration and setup fees associated with changing your mortgage. Additionally, consider legal and valuation fees, which some lenders may pay upon switching. Equity: The amount of equity you have in your property plays a significant role in securing favorable mortgage deals. A higher equity can often result in better terms from lenders. Capital Raising: If you're seeking to release capital through a remortgage, assess how this will affect your equity and, consequently, the deals available to you. Fixed or Variable Rates: Evaluate market conditions and personal preferences to determine whether fixed or variable rates suit your needs. Transitioning to your lender's Standard Variable Rate may lead to increased monthly payments, making a switch to another deal advantageous. No matter your requirements, we're here to provide expert guidance and support throughout your remortgaging journey. For more information, please call us on 020 8798 0184 or use our contact form. Your property may be repossessed if you do not keep up repayments on your mortgage. Buy to Let In today's ever-evolving buy-to-let environment, staying informed and securing the right mortgage product is paramount. At The Mortgage Network, our experienced Buy to Let mortgage advisers are dedicated to helping property investors like you find competitive mortgage offers tailored to your needs. Whether you're a novice investor or a seasoned landlord, seeking a standard loan or facing a more complex situation, our advisers are equipped to provide expert guidance and equip you with the knowledge necessary to make informed decisions about your mortgage. Here are the key benefits of our service: Proven Experience : With over 30 years of demonstrated mortgage expertise, we excel in sourcing competitive mortgage products for our clients. Comprehensive Mortgage Options : We meticulously search and compare buy-to-let mortgage deals from over 70 different lenders, ensuring we find a product ideally suited to you. Fantastic Mortgage Deals: You’ll get access to various amazing deals that are not available without an intermediary or from the high street banks. Insightful Knowledge : Our clients value our deep understanding of the mortgage market, returning to us time and again for expert insights and guidance. Client Satisfaction : We're dedicated to delivering excellent client service and professional mortgage advice, ensuring your satisfaction every step of the way. When it comes to buy-to-let mortgages, it's essential to understand how they differ from residential mortgages: The deposit required for a buy-to-let mortgage is generally higher, typically at least 25% of the property value. Unlike residential mortgages, where borrowing is linked to income, buy-to-let lenders assess the property's rental potential to determine borrowing capacity. Whether you're venturing into property investment for the first time or expanding an existing portfolio, securing the right buy-to-let mortgage is crucial. Trust The Mortgage Network to guide you through the process and unlock the full potential of your property investments. For more information, please call us on 020 8798 0184 or use our contact form. Your property may be repossessed if you do not keep up repayments on your mortgage. 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The Mortgage Network’s role is to provide you with professional mortgage advice. We are dedicated to Buy to Let and Residential mortgages – helping you find the most suitable mortgage solution for your needs. The mortgage market has never been so complicated. Our expert mortgage advisor will guide you on your options and find you a solution that is specifically right for your needs. Guiding First-Time Buyers, Home Movers, Buy-to-Let & Remortgages We’ll help find the right mortgage for you Contact Us Book a Call Experience With over 30 years mortgage experience we pride ourselves in finding our customers a competitive mortgage deal. Choice We offer a wide choice of Residential and Buy to Let Mortgages from a comprehensive range of lenders. Knowledge Our customers return time and time again for our insightful knowledge and understanding of the mortgage market. Satisfaction We are totally committed to providing excellent client service & professional mortgage advice. See what our clients say. What We Offer Residential Mortgages Mortgages for first-time buyers, home movers and remortgages. Access to over 65 lenders. Buy to Let Mortgages Mortgages for first-time property investors and experienced landlords. Access to over 70 lenders. Insurance We offer tailored advice for life cover, critical illness cover and income protection. Learn More Learn More Learn More Contact Us Book a Call Your property may be repossessed if you do not keep up repayments on your mortgage. If you are experiencing financial difficulty and struggling to make repayments, then you can contact your lender who may be able to help taking account of your individual circumstances. You may want to contact one of the free impartial money guidance and debt advice services such as StepChange, Citizens Advice, or Turn2Us. You can make a complaint to our network Sesame. Please contact them on the details below: Write to: The Customer Relations Department, Sesame Limited, Fourth Floor, Jackson House, Sibson Road, Sale, M33 7RR. Email: CustomerRelations@sbg.co.uk | Telephone: 0345 0456 800 (Mon-Fri 9.00 am to 5.00 pm) Speak to an advisor Mortgage News & Articles 1 2 3 4 5 Contact Us Call us on: 020 8798 0184 Or fill in the form and we will get back to you as soon as possible First Name* Last Name* Email* Phone Number Reason for enquiry* Residential Mortgage Message* SUBMIT By submitting your details in the form you are consenting to our Privacy Policy and understand how we collect and use your personal data.

Earn rewards with The Mortgage Network's Refer a Friend program. Recommend our mortgage or life insurance services to friends and family, and receive a £50 Gift Voucher once their application is approved. It's our way of saying thank you for your trust and support. Refer A Friend We value your referrals: Let us show our appreciation with rewards Enjoy a £50 Gift Voucher! Satisfied with our service? Spread the word to friends and family, and we'll show our appreciation with a £50 Gift Voucher of your choice. Simply encourage them to reach out to us directly and mention your recommendation. Once their Mortgage or Life Insurance application is approved, we'll send you a £50 Gift Voucher as a token of our gratitude. Terms & Conditions Vouchers are paid per introduction and are not based on products sold i.e. if an introduction is made for a Mortgage, and Life Insurance is also sold, only one voucher will be paid. There are no restrictions on the number of referrals made to The Mortgage Network, however there is a maximum of six vouchers issued to a referrer per annum. The voucher is non-transferable and there is no cash alternative. Mortgages: The voucher will be sent to the referrer upon legal completion of the mortgage. Life Insurance: The voucher will be sent to the referrer once the Life Insurance Policy has been put on risk. The Mortgage Network cannot be held liable for any delivery issues once the voucher has left their offices. The Mortgage Network reserves the right to amend, vary or cancel these terms and conditions at any given time.