Smokers could save £40,000 on mortgage interest payments - 2005-03-02
A 20-a-day smoker could save over £40,000 on the interest payments of their mortgage, a new report has said.
Mortgage broker Charcol has calculated that if the money from purchasing cigarettes was put into overpayments on a home loan, not only would the mortgage be paid off more than eight years quicker, but the former smoker would pay £41,168 less in interest over the term of the loan.
Read the full story at MyFinances.co.uk