Thousands poised for 8p-a-month mortgages

Kez100

silvercar wrote: »

In the current climate it is safer to make sure you have a large savings pot, to help you through any low income times, rather than overpay your mortgage.

I worked out that overpaying my mortgage by £400 per month over a whole year would only reduce future repayments by £9 a month. Big deal. Whereas saving £400 a month would mean a pot of nearly £5,000.

Ahhhh, true. Mine is a savings pot against the mortgage.

PasturesNew

Sitting here with savings interest at silly low prices and no job.

I ... just .... hate ... them.

Kez100

No job but you have a SE income PN. Helps keep the wolves from the door?

PasturesNew

Kez100 wrote: »

No job but you have a SE income PN. Helps keep the wolves from the door?

Just... battling it out with the damned tax return today.

Lotus-eater

PasturesNew wrote: »

Just... battling it out with the damned tax return today.

You didn't really leave it until the last minute did you?

PasturesNew

Lotus-eater wrote: »

You didn't really leave it until the last minute did you?

I did.
Submitted at 17:37, just now.

I had problems getting my 4rse into gear registering/getting the gateway card etc.
Then I was missing a bank statement
Then paypal history system was down.
Then I realised I had income/expenses in £s/$s at many exchange rates across the year.
Then I had to paw through my receipts envelope.
And spreadsheet the whole lot.
And check it all 4x.
Then press submit.

But now ... it's done. And now I finally know how much I earnt in 07-08 and where that came from.

silvercar

I thought I was bad, only submitting SA on Wednesday!

Two days for payment to transfer from offset savings pot to Inland Revenue meant that the payment only reached IR yesterday!