WE CUT BILL BY £319 A YEAR
MICHELLE, 48, and Leigh Speight, 43, from Wakefield in Yorkshire, have used their lockdown savings to cut their mortgage.
The couple (pictured) have a £135,000 mortgage on a four-bedroom house bought ten years ago.
Reflecting on lockdown, Michelle, who works as a branch manager for Yorkshire Building Society, says: ‘We have learned to enjoy doing different things and put much more money aside for our future.’
The couple have been able to boost their savings by £10,000.
With a mortgage rate at a fixed 3.19 pc, they have now tied the £10,000 sum to their mortgage account and reduced their loan by the same amount. They are now saving £319 in interest a year.