Overview

• Sprive’s analysis finds that spending £500 a month on groceries could save homeowners up to £6,487 in interest and shorten a mortgage term by seven months.
• Users earn cashback through partnerships with more than 85 UK retailers, including Tesco, Sainsbury’s, Asda, Morrisons, M&S Food, Waitrose and Iceland.
• The app automatically applies routine cashback rewards to mortgage overpayments without requiring additional spending or lifestyle changes.
• Croydon homeowner Christopher Lynch has cut 2.5 years from his £190,000 mortgage since joining the platform in summer 2023 and expects to shave off several more years.
• Immediate balance reductions from even small cashback contributions deliver outsized long-term savings by lowering the total interest charged.