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Just joined up. Question about 'after offsetting'.
Don't see how I missed this site for years, but glad I found it! Also pleased to discover I've figured out some of the money saving tips independently - but do expect to discover some more. I have an offset mortgage with the woolwich around 180k at the moment (started from 202k in 2005). Currently I'm paying the standard…
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Help with re-mortgage please
Hiya, weve got a mortgage with Northern Rock which will come to the end of the 2 year fixed we took out, also a loan with them (we took them out the same time when moving house) and recently a secured loan with First Plus....not good i know but we got the house at a fab price but it needed quite a bit of work to it. My…
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Cunning plan for MFness or total non starter what do you think?
Hi All Can I run this past you guys? I have a cunning plan or at least a kernel of an idea of how I can achieve Mortgage Freeness whilst staying in my current house. A bit of back ground information. We are coming up to the end of our present mortgage reduced interest rate in mid July. My original plan was to sell then and…
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how much is your morgage and for what?
Hi, I was just wondering how much morgage people have left to pay and what kind of property does this buy. I don't know if this is a repeated thread, if so ignore me. I'll start; We have a 4 bedroomed detached house in the north east and we bought it for £72,000 in 1993 and have spent about £20,000 on it. We now owe…
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Which Mortgage is best to pay of?
Hi, I have recently move and ported my mortgage over. I took another mortgage for the extra I needed. I Owe £24k Balance £23896 fixed until 31 Dec 12 at 6.69% over 24 years £65k Balance £64849 fixed until 31 Mar 12 at 5.17% over 19 years 6 months I can afford to overpay by £45 a month, but the maximum I can over pay on the…
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How do you organise your monthly spending?
Don't know if the title makes sense (!), but just wandered how people sort out all their monthly expenses? DH & I have just remortgaged (at end of fixed rate), cleared off outstanding debts and now want to get going on putting extra towards mortgage - after inspiration from here! But i can't get my head round as to how to…
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Man this board gets you thinking :)
So here's a question, Many years ago, when a decent house was "only" 65k we took out our first mortgage as an endowment with Allied Dunbar. So we've had it for like 12 years, so it's getting on the midway point, I havent had a valuation for it We switched to a repayment some time ago, so we#ve kpet it on, it has a pretty…
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changed from here
100 plus views and not even a single comment. i think i got the point thanks anyway
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nice dilemna - about to get a mortgage...
Hi All, OH and I are about to get a large mortgage (just under 3x our combined salaries!) but this is the house we plan to have kids in, so it's worth it. We've also got what I hope is a bargain the surveyor certainly seemed to think so... ... anyway we had a mortgage all agreed and had then worked out a plan of how much…
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savings versus mortgage query
:p :p hello all, I have a nationwide repayment mortgage and further advance both at their BMR currently at 6.74%. I have kept the BMR rate due to the flexible features - i.e. no charges for any overpayments/lump sums/term changes. The two of them add up to a debt of £36,000. I have an isa (allowance used for the year) with…
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Wow!
I don't come over here very often, but I have just been looking at a mortgage calculator, and worked out that on my £114,500 mortgage (currently £589 a month over 39 years), if I can increase my payment by just under £200 a month, that cuts the mortgage term to 21 years, without any other overpayments. I am due a payrise…
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Using a Solicitor?
Is it better and safer to use a solicitor to do the work when you want to redeem a mortgage? Thanks G56
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10 months left and then it's gone- or sooner???
my mortgage finishes at the end of december with an endownment paying out too, i have some money coming my way this month and i could actually pay the remainder of the mortgage off straight away and then when the endownment is due it will be all mine:j :j what do i do?:confused: pay it off now? i owe about £4000.. or bung…
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How best to get an accurate figure??
I've been putting figures into the calculators and have been pleasantly surprised at how much we could save if we increase our monthly mortgage payments. Our current mortgage is for 23 years. Started in September last year. We've got a 2 year fixed rate deal at 5.99%. After that it will increase to 7.75% although I will…
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Lowest overpayment
Hi All A silly question but I wondered how much overpayments really benefit and if there is an amount which just isn't worth it. e.g. if someone was paying £10 per month extra would this be worthwhile? pj
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A few queries
Hi I've been looking through this forums fora few weeks now and feel like I am actually finding what I am looking for. I am interested in the mortgage free in 3 years but I am thinking that realistically I could do it in 5 years confortably. Just a few questions, I have registered for quidco and got a mortgage pig but what…
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Lightbulb Moment!!!!!!!!
Just done some calculations....actually did them 3 times as I couldn't quite believe what I was seeing..... If I add up ALL our bits of savings, incl. ISA's, couple of little fixed-term bonds, few premium bonds, monthly savings accounts, etc. etc....... ALL TOGETHER THEY ADD UP TO £50 MORE THAN WE OWE ON OUR MORTGAGE -…
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mortgage interest for 29/02?
I have a repayment mortgage with daily interest and I go in on the first banking day of every month to get an updated o/s balance as I like to see it decreasing!!! (slowly). :j When I checked it today the balance was about a days interest less than I expected it to be and I had not made any overpayments last month. I was…
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Endowment mortgage
Hi to all fellow skinflints!:D I have a 38k endowment mortgage with the Leeds which ends in Dec 2011, interest rate is 7.5%. I have enough savings in ICICI bank (6% int rate I think) to pay off the debt, should I do this or invest 14k in 2 Maxi ISA'S for this year? Current mortgage payment is £241.34. Many thanks to you…
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Capital Repayment v Overpayment Fund
I've got a Co-op mortgage and despite chatting to a lady in their call-centre i'm not certain of the the best choice when it comes to the 'title'. I'll summarise what i've been told: Capital Repayment 1. Total comes off amount borrowed immediately 2. Interest calculated on the remainder 3. Extra repayment not available for…
