Sprive Review: £5 Towards Your Mortgage
Sprive is a UK-based mobile application designed to help homeowners pay off their mortgages faster by automating overpayments and offering cashback rewards from everyday shopping. By linking your bank account and mortgage details, Sprive identifies spare cash to make additional payments towards your mortgage, potentially saving you thousands in interest and reducing your mortgage term.
How to Obtain the £5 Bonus:
To receive a £5 bonus towards your mortgage through Sprive, follow these steps:
Download the Sprive App: Available here.
Sign Up: During registration, enter a referral code. You can find referral codes on the My Side Gig Facebook community.
Link Your Bank Account: Connect the account from which you make mortgage payments.
Provide Mortgage Details: Input information about your mortgage so Sprive can synchronise and manage overpayments.
Set Up a Direct Debit: Authorise a direct debit of at least £25. This amount can be withdrawn back to your bank if needed.
The £5 bonus is typically credited after completing these steps and processing the first autosave direct debit.
Functionality and Features:
Sprive offers several features to assist homeowners:
Automated Savings: The app analyses your spending habits to determine affordable amounts to save, which are then used for mortgage overpayments.
Cashback Rewards: Earn cashback by purchasing digital gift cards for retailers such as Asda, Tesco, Morrisons, Primark, and M&S through the app. The cashback earned is applied directly to your mortgage.
Remortgaging Assistance: Sprive monitors the mortgage market to help you find better deals and connects you with preferred brokers when it's time to remortgage.
As of February 2025, Sprive holds a Trustpilot rating of 4.4 out of 5, based on 241 reviews. Users appreciate the app's ability to facilitate small, regular overpayments and the convenience of earning cashback towards their mortgage. Some feedback highlights areas for improvement, such as app stability and the user experience when purchasing gift cards.
Maximising Earnings with Sprive:
To increase the benefits from Sprive:
Utilise Cashback Opportunities: Regularly purchase gift cards for your routine shopping through the app to accumulate more cashback for mortgage overpayments.
Adjust Saving Limits: Set higher autosave limits within the app to allocate more funds towards your mortgage, provided it's financially feasible.
Refer Others: Share your referral code with friends and family. Successful referrals can earn additional bonuses, further aiding in reducing your mortgage balance.
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