Hypno's approach to life, the universe and debtbusting.....

hypno06

We are fielding a couple of pretty good teams - they won the title last year

beanielou

I hope they squash them to.
Whats wrong with Lanzagrot then Pania?
(No offence~Used to go years ago in my other life)

pania

cool! will be there!! easy to find for the navigatively inept like me to, I mean you cant exactly miss it!! he he

pania

hey beanie, nowt wrong at all! esp as I didnt pay for it!! woohoooo!

Karmacat

Enjoy it all, Pania!

Hypno, doesn't it cost megabucks more per month to go onto a proper repayment mortgage, as opposed to making overpayments when you can? And what about the whole 24.9% thing of b!!!!card? Are you going to let that run its course?

just realised what a completely stupid question that is, but I'll leave it in cos I'm still puzzled... it doesn't take much

hypno06

The danger is, KC that I have had 6 years without paying anything off the capital, and as the mortgage is fairly big (£175k), every year that goes by without any reasonable amount being paid off, means that we will have to catch up big time later on.

The barclayloan, whilst being on a crap rate, is at least of finite life, and I won't suddenly wake up one morning thinking shiite how on earth am I going to catch up!

So.........to ensure my mortgage runs no longer than the initial term we took it out over, I need to pay another £450 a month (ish, yet to work exact figures) from now on. Any overpayment on top of that will simply bring the term down bit by bit. And because the Egg payment was almost £200 a month, and my payrise is almost £300 a month, I can start making the repayments to the mortgage without it actually seeming as though I am having to find any "extra" money, if that makes sense.

I am still aiming to throw any additional MSE made money at the barclayloan to get rid of that, so it will still be gone sooner than the contractual term of the loan, don't worry!!

I suppose I am just very aware that £175k of debt has got to be repaid sometime, and the longer we leave it, the harder it will become!

duchy

You're going to Bromley and not coming to see ME ???????? <sulk>

hypno06

duchy, you can always come and see me while I am there........bring a flask and a packet of biscuits and you me and pania can have a picnic

ShelleyC_2

Woohoo on the repayment mortgage and once the other debts are cleared you can overpay too :j

I hope your team beat the posh schools too although do have to confess I went to one myself but it wasn't really posh

I'm on hols as of Friday for 2 blissful weeks. Plan is to go to the Lake district but very tempted to go somewhere hot and sunny instead :rotfl:

duchy

I might.......... depends where it is. PM me and and I'll try