People are still looking to clear their housing debts quicker - despite the adverse economic conditions.
Britain's homeowners are doing battle with the budgetary restraints imposed on their personal finances by the credit crunch - and are still trying to overpay on their mortgages.
According to new figures from Abbey, 12 percent of the householders are planning to overpay in a bid to clear their debts more quickly. Meanwhile, just four percent told the firm that they are looking to take a payment holiday or underpay due to their financial hardships.
Regionally, the south east was found to be an "overpay hotspot" - with around 20 percent prioritising their mortgages in this way - despite the region having the most expensive housing stock in the country. However, this proportion went down to just eight percent in Wales and the south west of England.
Phil Cliff, Director of Abbey Mortgages, commented: "A large proportion of mortgages offer borrowers flexibility and the research shows that many people are planning to take advantage of these benefits."
He added: "It's great to see that people are quite rightly prioritising their mortgage payments ahead of other financial commitments - having a smaller mortgage can mean you get a better deal when you remortgage and of course reduces future monthly outgoings."
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