Homeowners racing to overpay their mortgage before their loan rate rises could be making a financial mistake costing them hundreds of pounds.
Overpayments allow mortgage holders to put additional cash towards their home loan to pay off the debt faster and reduce their loan size.
One in four homeowners have paid over and above their monthly mortgage costs this year, Barclays disclosed last month.
A record £6.7 billion was spent on mortgage overpayments in the first three months of this