People who start overpaying on their mortgage now could make remortgaging easier in the future, according to a new report.

Research carried out by Fool found that homeowners paying a little extra on a mortgage loan each month could combat the effect price decreases have on their remortgage prospects.

According to the report, a typical loan of £200,000 at 5.5 per cent would be down to £178,543 after 60 monthly repayments.

But a house price drop of five per cent then the homeowner would still need to remortgage 93 per cent of the loan - when many of the best deals are for 90 per cent loan-to-value and under.

Overpaying by £109 a month, or £3 a day, could combat this effect of a five per cent house price decline, David Kuo from the finance site said.

"A modest fall in house prices means that small overpayments of £3 a day will be enough to reduce the loan-to value to 90 per cent," he explained. "This is equivalent to giving up a store-bought cappuccino every day."

A recent report from Moneyfacts revealed that homeowners will need to shop around for a remortgage, as 53 per cent of lenders now require a deposit of ten per cent or more compared to 27 per cent in August 2007.