Ready, steady… save!
You don’t need a chart to join in. Here are 2 ways to record your savings:
1. Cross it off
Pop a chart into your first post. Saved an amount? Cross it out! Read more »
£0.01 £0.02 £0.03
2. Write it down
Skip the chart and add updates to your first post. Read more »
“Another +£3 saved today. Go me!”
Use +£ before each new saving so it counts towards your total.
📨 Have you signed up to the Forum's new Email Digest yet? Get a selection of trending threads sent straight to your inbox daily, weekly or monthly!
Mortgage overpayment
darcy2878
Posts: 1 Newbie
Hi,
I recently paid £8900 off my mortgage of £121 000. howewver Abbey didnt take my payment this month as they thought i was in credit. They have since given me the option to take my monthly payment of £594 from the £8900 which would leave my mortage at £112 694 instead of £112 100 had they processed it correctly. My fixed rate is 5.89% until 3rd August then it is standard variable currently 4.24%. So my monthly payment had they taken the payment correctly would be 550 and then 396 but as it stands now is 553 then 398. Would i be better off paying this months or not? Its making my head hurt!
I recently paid £8900 off my mortgage of £121 000. howewver Abbey didnt take my payment this month as they thought i was in credit. They have since given me the option to take my monthly payment of £594 from the £8900 which would leave my mortage at £112 694 instead of £112 100 had they processed it correctly. My fixed rate is 5.89% until 3rd August then it is standard variable currently 4.24%. So my monthly payment had they taken the payment correctly would be 550 and then 396 but as it stands now is 553 then 398. Would i be better off paying this months or not? Its making my head hurt!
0
Comments
-
does it really matter?
cash flow wise your talking pennies really... its neither here nor there!
If you can afford it, pay it off ASAP.Plan
1) Get most competitive Lifetime Mortgage (Done)
2) Make healthy savings, spend wisely (Doing)
3) Ensure healthy pension fund - (Doing)
4) Ensure house is nice, suitable, safe, and located - (Done)
5) Keep everyone happy, healthy and entertained (Done, Doing, Going to do)0
This discussion has been closed.
Confirm your email address to Create Threads and Reply
Categories
- All Categories
- 355.9K Banking & Borrowing
- 254.9K Reduce Debt & Boost Income
- 456.2K Spending & Discounts
- 248.4K Work, Benefits & Business
- 606.1K Mortgages, Homes & Bills
- 179K Life & Family
- 263.9K Travel & Transport
- 1.5M Hobbies & Leisure
- 16.2K Discuss & Feedback
- 37.7K Read-Only Boards