When looking to buy a house the first thing you want to start doing is saving money for the deposit and all the other costs.

But the savings shouldn’t stop there.

Once you’ve bought your house there will be lots of expenses, such as bills, ongoing maintenance or unexpected repairs. 

This guide will help you find ways to save money every month so that you’re never out of pocket.

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Payment holidays and coronavirus

You may be feeling uneasy about all things financial given the recent coronavirus (Covid-19) outbreak.

With many people now out of work and therefore facing financial uncertainty, the government has put new measures in place to help you save money for the next few months.

Got more questions? Check out our coronavirus guidance page.

Homeowners and landlords

If you’re a homeowner or landlord who might struggle to make mortgage payments due to Covid-19, the government has said that lenders can grant a 3 mortgage repayment holiday. 

This means that you won’t have to make any mortgage repayments for up to 3 months. 

Keep in mind that you’ll still owe the amounts you don’t pay during the payment holiday, and interest charges will still apply.

Check with your lender if you’d like to know more.


If you’re a renter, the measures put in place for landlords should trickle down to make it easier for you if you find it difficult to afford rent payments in the coming few months due to coronavirus.

The government has also stated that there will be no evictions from social or private rented property during this national emergency.

Landlords are expected to work with tenants to create payment plans for any unpaid rent during this time.

Remortgage your home

You could be spending a lot more than you need by not remortgaging at the end of your fixed mortgage period.

Remortgaging is when you switch from one mortgage to another. Usually this is to get a lower interest rate.

But unfortunately too many homeowners aren’t making the most of what’s on offer.

2 in 5 borrowers are missing out on a cheaper deal by sticking to their usual lender.¹

And around 2 million homeowners are paying their lender’s high-interest standard variable rate (SVR). This happens when you don’t switch to a new deal at the end of a mortgage term.

By shopping around towards the end of your mortgage term, you can potentially save hundreds of pounds on your mortgage payments each month.

Find out how much you could save by remortgaging today with our remortgage calculator.

Complete your purchase

Remortgage Calculator

Enter your current mortgage details and we'll see how much you may be able to save by remortgaging.

You may have to pay an early repayment charge if you remortgage.

Your home could be repossessed if you don't keep up repayments on your mortgage.

You could save up to


per year on your mortgage

This is based on a new 2-year fixed rate mortgage with an interest rate of 1.15%.

Your savings will vary depending on your circumstances. See below for how we calculate your potential savings.

Next steps

If you're ready to remortgage, the next step is to answer a few more questions. Then a Trussle adviser will find the best remortgage deal for you.

You may have to pay an early repayment charge if you remortgage.

Your home could be repossessed if you don't keep up repayments on your mortgage.

More information about our remortgage calculator

Our example interest rates are based on market leading rates for repayment mortgages in these LTV bands: 0 to 69%, 70 to 79%, 80 to 89% and 90%+. The rates were last updated on 8 June 2020.

For more info about how we calculate your potential remortgage savings check our marketing claims page.

These example rates do not take into account your personal situation. To find out what you could save, talk to a mortgage broker like Trussle.

Overpay on your mortgage

Making overpayments is another way you could save money. 

Overpaying on your mortgage reduces the total you owe your lender. 

If you choose to overpay you’ll also be minimising how long it’ll take you to pay off your mortgage.

When you overpay and reduce the amount you owe on your mortgage, you’ll ultimately lower the number of payments you need to make and therefore pay less interest.

Check out our overpayment guide to find out more.

Make your home energy efficient

Making your home more energy efficient is an important way to reduce your expenses. 

It’s also a great way to be more eco-friendly and minimise your carbon footprint.

And who doesn’t want smaller bills while saving the planet?

Here are some things you can do to make your home more energy efficient and save money.

Insulate your home

Insulating your home could be a great long term way to save on heating costs. 

You can do this by simply adding insulation to your loft (if you have one) or roof. 

About 25% of your home’s heat is lost via an uninsulated roof, so getting roof insulation is a worthy investment and a good way to keep heating bills down.

It can even be a DIY task you could get done on a weekend.

Getting wall insulation is another option. Although it is a little more complex and expensive, it’s a big money saver in the long run.

Do some research and find out what kind of insulation could suit your home.

Install a smart meter

Keeping an eye on how much energy you’re using has never been simpler.

With technology rapidly evolving, it’s now easy for you to keep track of your electricity and gas usage with smart meters.

When you install a smart meter, you’ll see your usage and pay only for exactly what you use. So no more roughly estimated gas or electricity bills.

To get a smart meter, talk to your current energy provider. If they won’t give you a smart meter, you can switch to a different energy provider that will!

Shop around and switch providers

This is one tip you’ve probably heard before. That’s because it’s one of the simplest ways that you can make sure you’re getting the best deals and not overspending on utilities and services.

The average UK household spends £190 a month on broadband, energy (gas and electric) and a single mobile phone contract.² 

If you have multiple mobile contracts, or you pay a lot for broadband or TV, you could be spending hundreds of pounds a month.

Keep an eye on your bills and think about switching over to a cheaper deal with the same provider or even with someone new.

Keeping your existing phone and changing to a SIM only contract can be a good way of saving a lot of money. 

Think about whether you really need all those TV channels or a super fast broadband connection.

You could find yourself making some significant savings when you switch your energy or broadband provider.

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Your home could be repossessed if you don't keep up repayments on your mortgage.

You may have to pay an early repayment charge to your existing lender if you remortgage.

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¹ Mortgage Saver Review 2018

² Money Advice Service, The Average Cost of Household Bills