Just made a 2k overpayment..

Pixulated

techno12 wrote: »

Hehe!

Surprised that in 2009 Abbey don't let you do it online, I really can't remember the last time I wrote a cheque for anything! It's been many many years...

I wouldn't say 'fair play' as I still feel trapped. Having rented for 10+ years before buying (due to me being sick of not being able to paint the walls etc, and dodgy landlords!) - I'm kinda stuck if I need to move, hence my manic trying to chip away at the balance to get back into positive equity...

I can't believe they don't either actually, everywhere else does right?

and I've still got all of this to come lol

ironman1

I usually bet on useless, but occasionally high payout football accumulators, although i've cut down. Last year I made about a grands profit from acca's and first goalscorer bets etc. I'll have a look at the loophole forum.

As I've got a new bank account and card, I can now re-sign up to all the online bookies again and take advantage of the free bets. I usually try to avoid internet betting becaus eI think it's risky plus have a couple of betting shops near me. My trick is use up the free bets then change the password on my accounts so I cant log back in again (done this with the !!!! poor Ladbrokes site the other night for the Man united v Barcelona game).

I cant belive I didn't take more notice of this overpayment malarky. Instead we've been putting anything from 2-500 per month into a two bob 0.10% savings account.

From now on im gonna use a one off couple of grand savings to overpay the mortgage, use a standing order to overpay by around £150 a month and use whatevers left over,if any to overpay that month.

As long as we've got about £3k accessible savings in emergency I think this is the best option, unless anyone knows of a better way of doing things?...

setmefree2

techno12 wrote: »

It's a lovely feeling!

well done on that :T

MoneyQueen

Hi techno,

Congratulations on the £2000 OP

techno12

I know, but it's left me a bit short this month (damn request for twice-yearly £400 'maintenance charge' just popped up).

My vague aim is to get well below £130k this year - as the price the guy who owned my flat before me paid dec '02 was £128k (I paid £156k in '06), so if I can get below that I'll feel much better. I can't see prices falling to '02 levels this year. It's funny, this time last year I was aiming to do that in 3 years time. It's amazing what a once in a lifetime plunge in tracker rates plus me getting hooked on 'moneysaving' can do



Best of luck all!

Floxxie

dial8d wrote: »

Its the only reason I have a cheque book to be honest. I dont really know why they insist on capital overpayments to be made in the form of a cheque, when i could easily do it online in seconds.

My cynical side suspects they dont really want us punters paying off the mortgage early.

You can pay online - you just need to ask them their sort code and account number and insert your mortgage number in the reference field. Then you call them to let them know you have made a payment. I know because I used to overpay my Abbey mortgage on a monthly basis.
And don't forget that you can increase your DD as long as you don't pay off your entire mortgage before the end of your deal.

Ed_Zep

I like your style.

It's a nice feeling seeing the mortgage balance go down so much more than just paying the normal amount.

Ed.

littlemrtinkle

why isn;t everyone doing it? :-)