of a cash injection. An offset facility could be a good alternative as well with the same kind of benefits. Making regular overpayments is key to ensuring that the term is reduced. If you are not good at managing your money then perhaps this route is not the best for you. Rather than committing all of your savings to reduce the term of your mortgage, it is good financial practice to keep a 'rainy day' fund that you can draw from if the worst happens, without affecting your mortgage payments and ultimately risking your home. So in today's unpredictable climate thinking outside the box can give you exactly the same effect as paying as much off your mortgage as possible without the risk of finding the barrel empty if the unexpected happens. For more advice on mortgages or to speak to an adviser you can contact us on 0845 4594490. This entry was posted on Monday, November 5th, 2012 at 1:43 pm and is filed under General , Money Tips . You can follow any responses to this entry through the RSS 2.0 feed. Responses are currently closed, but you can trackback from your own site. Think carefully before securing other debts against your home. Your home may be repossessed if you do not keep up repayments on your mortgage or any other debt secured on it. We do not usually charge a fee for mortgage advice although you do have the option to pay up to 1.5% of the