Young homeowners aim to become mortgage-free

The Telegraph highlights how a growing number of first-time buyers in the UK are making regular mortgage overpayments, aiming to become debt-free faster and reduce interest costs. Research from TSB shows that two-thirds of recent buyers are overpaying, with some hoping to clear their mortgages well before they reach 40. While overpaying can save tens of thousands in interest, experts warn that a balanced approach - including pension contributions and emergency savings - may provide greater long-term financial benefits.