New dad Michael Hart, whose partner has just had their first baby, is on track to save as much as £34,000 on the for their home in Blackheath, London. Hart, 38, and his partner bought their home in 2021 for £475,000. "When we had been paying the mortgage for a couple of years we started looking at ways of trying to save money. One of our biggest outgoings is, of course, our . So we looked into how much we could save by overpaying it."

The couple signed up to and cashback app Sprive in 2023 and immediately started overpaying between £150 and £250 per month using the app's auto save option. He said: "If we only pay £150 a month we will save £10,000 off our and pay it off a year and seven months early. But if we can pay £250 more we could end up saving £34k and paying it off five years early."

Hart is also using a cashback option, as Sprive offers rewards for savers who shop at some of the UK's largest retailers.

He says: "You go onto the Sprive app and you can do your shopping through it, it's a good way to get cashback on largeer purchases. Sprive lets you shop at M&S, Ikea, Tesco and even Costa Coffee.

"We've been saving £10 per month doing our weekly Sainsbury's shop through Sprive. Now we have the baby I'm using it for larger purchases, baby equipment through John Lewis and Wayfair."

Jinesh Vohra, founder and CEO of Sprive, said he set up the app after realsing how much he was able to save by paying his own off early.

"At the beginning of your you're paying mostly interest, and the higher the rate, the more interest you're paying compared to the debt you're clearing, so the earlier and the more often you make overpayments the more you save in the long run.

"However, with rising costs - and increasing rates - most people don't have the extra cash to pay off their faster; and that is how , can help.

"Shop with Sprive, which is the cashback scheme, allows users to get one step closer to becoming free just by doing regular shopping through the app. We don't want to push people into spending more than they would otherwise - or at retailers they wouldn't usually use - that's why we've focused on partnering with brands that our customers are likely to use on a regular basis."

Sprive also includes a remortgage tool to help savers switch to better rates and it lets them calculate if it is worth paying an early repayment charge to get a better deal.