Overspending on your mortgage? Tell Habito what you'd spend the money saved with a remortgage on - £300 to be won NOW CLOSED

[AnnMumsnet]

Online mortgage broker Habito want to get folks thinking about remortgaging - did you know...that according to HSBC analysis, one in four British homeowners, (3 million people), are currently overspending on their mortgage by an average of £4,000 a year because they have stayed on their lender's standard variable rate (SVR). By remortgaging, homeowners on an SVR could save between £300-£400 a month (on average)*?

Habito say "we believe that no one should be left overpaying on an SVR. Thousands of homeowner's initial mortgage rates will mature in the next six weeks** which means they will automatically be moved on to an SVR. But, with interest rates still low, it is the best time ever to remortgage. We are a free online mortgage broker that promises to get you the best mortgage out there, then ensure you’re on the best deal, every day, for as long as you need it”.

With this in mind, they’d love to know what you’d do with an extra £300-£400 a month in your family? A massive family holiday? A new car? Treats for the kids? Or would you save it and put it towards a new home in the future?

Share your thoughts on this thread and you will be entered into a prize draw where one person will win a £300 voucher for the store of their choice!

Thanks and good luck and to see how much you could save on your mortgage - visit Habito

Standard Insight Terms and Conditions apply

*according to HSBC analysis
** according to CACI data

[MoreProseccoNow]

It would be split between a family holiday and savings - a compromise between heart & head would love to blow it all on a holiday but sensible head says no.

[georgedawes]

We'd be really boring and save it I think. Too concerned about the future for much else!

[towser44]

An extra £300-£400 per month?! We'd be buying a motorhome for countless holidays and weekends away!

[marrich]

A special holiday for us all to remember.

[spottypjs]

I would save up for a new kitchen! Not that exciting but totally needed

[gd2011]

Definitely a new car

[Narnianescape]

A camper van would be brilliant

[xcxcsophiexcxc]

Things are tight right now but I'd probably save it for security and then in a few years time put it towards taking my son to Disneyland !

[emilybc]

We'd go on holiday to somewhere warm!

[cheekychicken24]

Holiday fund, for sure. It's so expensive once you add in spending money as well as the cost of the holiday itself!

[kerryv]

Definitely towards a holiday

[Ganne1]

Holidays! I am so overworked at the moment, as we can't find someone to jobshare with me, that all we need are lots of short, cheap breaks!

[becky004]

I would put it towards my mortgage as an over payment each month, so that I'd be mortgage free much earlier than the 14 years I currently have left.

[OBface]

It would a huge boost to our extension fund! So there.

[VivienneWestwoodsKnickers]

Wow, that much extra money every month would likely go into overpaying the mortgage!!

I'd love to spend it on special trips out for DH and I though. Pay a dog sitter, go on a whole day out then a lovely dinner, fancy cocktails at the Speakeasy bar in Plymouth then home very late indeed!

[Maiyakat]

Being sensible - get a new roof
Not being sensible - go to Denmark and Legoland!

[maryandbuzz1]

Ooooh I think it would have to go in the rainy day fund as at the moment we don't have any savings.

[feeona123]

I'd put some towards paying off the mortgage but would also save the rest for a larger house.

[almac1965]

Building up some savings and a decent holiday.

[fld14]

So many things but would love a beautiful family holiday :)

[glennamy]

I would make it a very special Christmas for my family, mostly the kids as per usual! :)

[gemmie797]

That's a massive chunk towards lots of house jobs which usually would go on the backburner

[Spices001]

A new kitchen & plenty of holidays

[ponygirlcurtis]

New bathroom! And then saving for a big holiday.

[Signoritawhocansway]

I would overpay mortgage, or save for next move. We're in shared ownership and would like to move into full ownership