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Advice please?
Geoffjb1972
Posts: 22 Forumite
Hi,
I have roughly £42000 remaining on my mortgage, currently I am on Alliance And Leicester's tracker which is 0.12% below the BAE base rate. My repayments at the minute are £268 per month. This rate ends in May when I will revert to a tracker which is 0.99% above the BAE base rate.
I currently have 13 years remaining on my mortgage. Was just wondering how long I will knock off this as I have just organised overpayments of £50 per month?
Geoff.
I have roughly £42000 remaining on my mortgage, currently I am on Alliance And Leicester's tracker which is 0.12% below the BAE base rate. My repayments at the minute are £268 per month. This rate ends in May when I will revert to a tracker which is 0.99% above the BAE base rate.
I currently have 13 years remaining on my mortgage. Was just wondering how long I will knock off this as I have just organised overpayments of £50 per month?
Geoff.
0
Comments
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If you are with the Nationwide they will tell you if you ask.
I guess other lenders will too................................I have put my clock back....... Kcolc ym0 -
At 0.38% for 13 years with monthly repayments of £268, I calculate that your outstanding mortgage is £40,786.
Increase your payment to £318 and I make it that you will knock off 2 years and 1 month.
GGThere are 10 types of people in this world. Those who understand binary and those that don't.0 -
Thanks George, was looking to knock 3 years off, so will go for a bit more.
Geoff.0
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