Jinesh Vohra, Founder of Sprive, comments on the number of women who overpay on their mortgages each month.

Latest research from Sprive, which helps homeowners save money on their mortgage, has found that just 31 percent of women are actively overpaying each month in a bid to pay off their mortgage debt faster.

The independent findings discovered that on the whole men take the lead when it comes to managing the mortgage, whether this is finding a mortgage, switching to a different provider, or overpaying when they can.

Mr Vohra comments:

I’m really surprised by the results.  My personal experience is that more often than not women tend to take charge of household finances - whether this means taking out an ISA or looking for the best credit card. I’m keen to make everyone aware of the amount of money that can be saved just by putting the equivalent of a few extra pounds a day towards their mortgage.  With interest rates rising quickly, making overpayments in the right way is a great way of reducing the amount of interest you will pay your lender.

It may sound contradictory but massive savings can be had in the long run if people - and more women in particular - simply choose to overload their normal monthly repayments, and we want to encourage more women to become as savvy with mortgages as they are with everything else.

Full release: Mortgage savvy - more women needed, please!

Media contact: Jenny Holden, Chorus Comms, 07801 649044 / jenny@choruscomms.co.uk