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Mass 'Overpay your mortgage day' - * NOW * 4th July

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  • uzubairu
    uzubairu Posts: 1,207 Forumite
    Part of the Furniture 1,000 Posts Combo Breaker Home Insurance Hacker!
    My regular standing order overpayment of £500 goes out of the bill account on the 5th of the month, so I've decided that in order to make a payment that hits the account on the 4th of July, I am going to pay cash in at a branch of the Nationwide on Saturday morning.

    I don't want 2 large amounts to hit my mortgage account on possibly the same day because the Nationwide might decide to charge me a penalty fee.
    I've been regularly paying more than £500 per month since last September with no problems/fees so far.

    My plan is to pay £4.07 (04/07) per post on this thread up until 07:00 on Saturday 4th July.
  • whitewing
    whitewing Posts: 11,852 Forumite
    Part of the Furniture 10,000 Posts Combo Breaker
    uz, this one's for you then!
    :heartsmil When you find people who not only tolerate your quirks but celebrate them with glad cries of "Me too!" be sure to cherish them. Because these weirdos are your true family.
  • whitewing
    whitewing Posts: 11,852 Forumite
    Part of the Furniture 10,000 Posts Combo Breaker
    Guys,

    Don't forget to click the 'Like It' button on this thread.

    Have to be logged in, and a user for a while (I think), to see the button.
    :heartsmil When you find people who not only tolerate your quirks but celebrate them with glad cries of "Me too!" be sure to cherish them. Because these weirdos are your true family.
  • lyndasharp
    lyndasharp Posts: 649 Forumite
    500 Posts
    I'd like to join in too! My mortgage is at a pretty low rate at the moment so I'm not planning to overpay much, as I can get more interest in a savings account. I'll pay off £26.01 though, as it will make my total owing a round number!
    Live on £11k in 2011 :D
  • THRIFTY_GIRL
    THRIFTY_GIRL Posts: 304 Forumite
    I will be making a payment of £746.51 to reduce my balance to £205k!!
    MFiT - T2 # 64start date: 1.7.09 MFW end date: 31.10.17
    Start balance: £205,746.51 :eek: Month 18/100..paid 13.50%
    Current balance: £177,977.07 (updated 18.12.10)
    Target 12.12.12: From £194,000 to £140,000:p
    MFI-3 reductions: £16,023/£54,000 achieved (29.67%):j
  • Lynn11
    Lynn11 Posts: 674 Forumite
    Hopefully I can get to the nearest nationwide and make my overpayment of £200 on saturday prior to my hair appointment. Would normally overpay on wednesdays but will change this to join in
    MFIT T2 Challenge - No 46
    Overpayments 2006-2009 = £11985; 2010 = £6170, 2011 = £5570, 2012 = £1290
  • Barneysmom
    Barneysmom Posts: 10,136 Ambassador
    Part of the Furniture 1,000 Posts Photogenic Combo Breaker
    ;) This is great, I think we should all raise a glass at the end of it, when we've been to the bank - mine's a water - I can't handle my drink :o:D
    I’m a Forum Ambassador and I support the Forum Team on the Old style MoneySaving boards.
     If you need any help on these boards, please let me know.
     Please report any posts you spot that are in breach of the Forum Rules by using the Report button, or by e-mailing forumteam@moneysavingexpert.com.
     All views are my own and not of MoneySavingExpert.com
  • phizzimum
    phizzimum Posts: 1,712 Forumite
    Part of the Furniture Combo Breaker
    hey mini dave! keep up the overtime :D
    weaving through the chaos...
  • Barneysmom
    Barneysmom Posts: 10,136 Ambassador
    Part of the Furniture 1,000 Posts Photogenic Combo Breaker
    Keep your nose to the stone mate, make sure you drink loads - you don't want to flake out in this heat! ;)
    I’m a Forum Ambassador and I support the Forum Team on the Old style MoneySaving boards.
     If you need any help on these boards, please let me know.
     Please report any posts you spot that are in breach of the Forum Rules by using the Report button, or by e-mailing forumteam@moneysavingexpert.com.
     All views are my own and not of MoneySavingExpert.com
  • Jay1_2
    Jay1_2 Posts: 161 Forumite
    Part of the Furniture 100 Posts Name Dropper Photogenic
    Haven't posted for ages but happened to see this thread and want to say I'll be joining you. Sort of coincidence, I've been saving to overpay once I knew the cost of my MOT and thats done now so I'll join you all on the 4th!:beer:
    I love the thought of loads of people overpaying all on the same day. Maybe we'll get on the news!:p
    Toodle-pip :hello:
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