How to pay off your mortgage early on an average UK salary

PAYING a mortgage off early might seem like a pipe dream for most people.

It’s typically the largest debt you’ll ever have, taking decades to pay off.

Pay your mortgage off early on an average wageAlamy

But it is possible to make that dream a reality, even on an average wage.

Monthly mortgage bills are made up of both interest and a repayment towards the underlying debt.

The quicker that you can erode the underlying debt the more you save on interest.