Accelerate My Mortgage review

This new cashback website will help you to shave years off your mortgage.


Fact checked
Accelerate My Mortgage

Accelerate My Mortgage (AMM) is a cashback website which allows you to earn cash rewards to overpay your mortgage.

It has partnered with 40+ well-known retail websites which will contribute a bonus towards your mortgage balance whenever you shop with them via the AMM website.

The free service is owned by Rateswitch – an online mortgage broker. You’ll have to share details of your mortgage with this company, and it will contact you intermittently to suggest better mortgage deals to switch to.

Think carefully before securing other debts against your home. Your home may be repossessed if you do not keep up repayments on your mortgage.

How does Accelerate My Mortgage work?

You can create a free account on the Accelerate My Mortgage website. This will require you to enter your personal information and details of your mortgage. You’ll also give permission for AMM to make payments to your mortgage provider.

Once registered, you’ll have access to AMM’s list of retail partners, details of the cashback you can earn and a link to each retail website.

In order to earn rewards with an AMM retail partner, you’ll need to click through to its website using these links, then complete your purchase.

The amount of cashback you earn will depend on the retailer. Some reward you with 15% of your spending while others pay far less.

Your cashback will initially be transferred into your AMM balance. You’ll be able to check this balance on the AMM website. Once it reaches £50, this will be automatically transferred to your mortgage balance as an overpayment.

Is Accelerate My Mortgage safe?

Accelerate My Mortgage is completely free to use with no hidden costs. It’s owned by Rateswitch, which is regulated by the Financial Conduct Authority. It’s therefore bound by the same standards and regulations as all major financial companies. Your data won’t be unnecessarily shared with third parties.

Why should I overpay my mortgage?

By overpaying your mortgage, you reduce the amount of interest you have to pay on your loan. Considering the substantial size of most mortgage loans, you can save yourself a significant amount of money by doing this.

Overpaying your mortgage also allows you to become mortgage-free – and enjoy all the financial benefits that comes with this – much quicker.

The main argument against overpaying your mortgage surrounds the fact that mortgage interest rates tend to be lower than other forms of debt. If you have credit card debt, for example, you’d almost definitely save more money by paying that off first.

It may also be possible to make more money than you’d save by investing your spare cash or putting it in a high-interest savings account.

What if my mortgage provider doesn’t allow overpayments?

Some mortgage providers will not allow you to make overpayments, while others will limit the annual amount you can overpay by. Often, this annual limit is set at 10% of your mortgage balance.

These limits are especially common when you are paying a mortgage provider’s initial discount rate. On the other hand, when you stick with a mortgage provider’s standard variable-rate (SVR), you’re often allowed to overpay by as much as you wish.

Accelerate My Mortgage states that it will transfer your cashback directly to you if an overpayment takes you over your mortgage provider’s limits.

Are there alternatives?

Accelerate My Mortgage is essentially a competitor to traditional cashback websites, such as Quidco or TopCashback.

These two websites are also free to use, and they work with a much larger range of retailers. You can cash out your earnings as gift cards or PayPal payments. What’s more, you can withdraw your earnings once you earn 1p for TopCashback, or £1 for Quidco.

The rewards on offer are reportedly similar to what you can earn with AMM.

AMM’s main unique selling point is that it adds your rewards as a mortgage overpayment without any fuss, although there’s technically nothing stopping you from withdrawing your Quidco or TopCashback earnings and using these to overpay your mortgage.

Accelerate My Mortgage pros and cons


  • Accelerate My Mortgage is free to use
  • It’s owned by Rateswitch, which is regulated by the Financial Conduct Authority
  • You’ll be notified whenever you could save by switching to a better mortgage deal
  • AMM will automatically transfer your earnings to your mortgage lender


  • AMM only works with around 40 retailers
  • You have to earn £50 in rewards before you can withdraw your earnings

The bottom line

If you are looking to effortlessly reduce your mortgage balance via overpayments, Accelerate My Mortgage is a good tool to help you do it. However, most consumers will find it more rewarding to use traditional cashback websites, then transfer their rewards to their mortgage provider if they wish.

Frequently asked questions about Accelerate My Mortgage

Find a mortgage using a broker to compare the market

Mojo Mortgages

Mojo Mortgages

The Mojo mortgage calculator compares rates in less than one minute. A free online mortgage broker.
L&C cobrand


The UK's largest fee-free mortgage broker and adviser. No hidden costs. L&C compares rates from over 80 lenders.
Simply Adverse

Simply Adverse

Simply Adverse is a national mortgage broker specialising in sourcing mortgages for people with bad credit.

We show offers we can track - that's not every product on the market...yet. Unless we've said otherwise, products are in no particular order. The terms "best", "top", "cheap" (and variations of these) aren't ratings, though we always explain what's great about a product when we highlight it. This is subject to our terms of use. When you make major financial decisions, consider getting independent financial advice. Always consider your own circumstances when you compare products so you get what's right for you.

More guides on Finder

Go to site