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UK households could save £9,700 in mortgage interest thanks to a hack. A tool lets families turn shopping into overpayments to cut interest and reduce mortgage terms.

UK households are expected to spend an average of £602 during Black Friday in November. But mortgage borrowers could earn £268.11 in cashback through regular shopping, which could cut £9,700 in mortgage interest and reduce the term by twelve months.

Households spend an estimated £3,666 on groceries, £1,622 on food at restaurants and takeaways, and £910 on clothing annually. By redirecting these routine purchases, families can generate cashback that is then used to overpay their mortgage, maximising compound interest benefits.

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