Mortgage holders are being urged to make "noticeable" savings rather than planning to cut out luxury items when they review their finances at the start of 2006.
The One account says switching to an all-in-one account will result in "a much greater gain than a saving on a few takeaways".
Because 95 per cent of people overspend in December, many resolve to cut out small luxuries so they can save money, the One account found.
A total of 25 per cent say they will stop buying takeaways, with 22 per cent planning to abstain from eating chocolate and 21 per cent giving up cigarettes and crisps, according to the survey.
Debbie Milson, the PR manager of the One account, says the results of the survey "amaze" her.
"Saving money by stopping smoking or cutting down on nights out is something worth considering, however, if you want to make an impact over the long term, people should look at their larger expenses, like their mortgage," she says.
Ms Milson urges mortgage holders to re-assess their mortgage lenders to see if they are getting value for money.
"By switching to the One account, your savings can be used to offset your mortgage, making the very most of all those new year efforts," she explains.
The One account allows mortgage holders to make overpayments and underpayments, or take payment holidays.
Mortgage holders pushed for bigger savings
Mortgage Quote Line
0845 108 0505
Mortgage holders pushed for bigger savings
Thu, 05 Jan 2006
Recommended links
Abbey announces reductions in mortgage rate and savings interest rateFlexible mortgages could help savings
Christmas bonus could mean mortgage savings
Savings useful when trying to find a mortgage, says expert
West Bromwich sees rising mortgages and savings
New savings option for borrowers
Offset Plus mortgage and savings from Yorkshire
Mortgages, savings accounts on sale
More savings with offset mortgages
First-time buyers should build savings
Buy to let can provide savings
Mortgage rate cuts and fee savings at Abbey
Interest rate decision could leave mortgage holders in a fix
Buy to let mortgage holders report growth
Buy-to-let mortgage holders show confidence
Confidence down among mortgage holders
Looking for a mortgage ? Apply for a free mortgage quote now
| mortgages news |
|---|
| Yorkshire Building Society makes mortgage more accessible - Thu, 02 Sep 2010 |
| Lloyds TSB launches new fixed-rate mortgage - Thu, 02 Sep 2010 |
| Skipton launches new mortgage range - Wed, 01 Sep 2010 |
| More News |
Mortgage Rates by Lender 
Worried about Mortgage Repayments?
- Join our petition to Government to bail out burdened individuals, not just banks.
Free Mortgage Quote
Mortgages in Scotland
Equity Release
Switching Mortgages
Home Reversion Plans
Commercial Mortgages Arrears & CCJs?
Remortgages- Sub prime mortgages
- Arrears, CCJs
- Self certification
- Debt consolidation
Protect Your Mortgage