2010 MF Wannabes

cha97michelle

Banks really get my goat when they do that. I get so fed up of ours sending letters all the time offering loans, and every time i set foot in the branch it is 'you haven't had a financial review in a while.' The best was the in-laws gave us a sum towards the DIY we are doing in the house. It was paid into the current account, and when it arrived i moved it straight to savings but i still got an urgently contact us letter. I wouldn't mind if it were ever useful or helpful, but i wouldn't touch there other products with a barge pole, and we only do our current banking there really as i can walk to the branch as it is only half a mile away.

Vultures really aren't they preying on those who don't know better.

FlowerPower

If your mum is still within the cooling off period of the loan perhaps she could cancel it and rearrange to have the smaller amount instead?

I don't understand it myself really - surely people are capable of saying no to things they don't want.

I had a financial review with Lloyds TSB and I was surprisingly impressed. They were friendly, and yes they did tell me a bit too much about their products, but that's what I'd expect - after all it's an hour of time you're spending with an employee of Lloyds for free and it's in their best interests that you keep your money with them. I guess perhaps people are lulled into thinking it's impartial financial advice.. ?

p.s. no, I don't work for them

Cortinaa_GTR

No. 177 with overpayment for June - £500.

froddington

No 128 OP of £25 made today

gratefulforhelp_2

cha97michelle wrote: »

Banks really get my goat when they do that. I get so fed up of ours sending letters all the time offering loans, and every time i set foot in the branch it is 'you haven't had a financial review in a while.' QUOTE]

I had to ask them not to do that 5 times before they got the message. I find it most impertinent, esp as the person behind you in the queue can hear every word they're saying.

violetblue

Number 12 reporting in for June, with a £600 overpayment :j I'm now left with just over £2k remaining balance, so exciting!

poppyoscar_3

No 112
Just op'd another £228, bringing June total to £1130 and YTD to £7k!
Mortage outstanding now approx £2680!
I can see the light at the end!
PO xx

clearing_out_my_pockets

Hi - number 193 reporting in with a June OP of £85.99.

pencekeeper

Number 180.

Making good progress here, hoping job will hold out a few months more to enable me to get over the finish line.
Made a big milestone this time, and the light at the end of the tunnel can be seen.

£1900 overpayment + £40 mortgage payment (£21.15 of which is interest):

Old Mortgage balance: £10,200
New Mortgage balance: £8,250 (£19K paid off since start of year)

Milestone achieved: 4 Figures!!!!! (<£10K)
Milestone achieved: Now 5 months remaining at current repayment rate
Milestone achieved: <£0.60 interest a day (was 69p, now 57p)

Current target: Repay mortgage by end of November. (if job holds out)

clearing_out_my_pockets

pencekeeper wrote: »

Number 180.

Making good progress here, hoping job will hold out a few months later to enable me to get over the finish line.
Made a big milestone this time, and the light at the end of the tunnel can be seen.

£1900 overpayment + £40 mortgage payment (£21.15 of which is interest):

Old Mortgage balance: £10,200
New Mortgage balance: £8,250 (£19K paid off since start of year)

Milestone achieved: 4 Figures!!!!! (<£10K)
Milestone achieved: Now 6 months remaining at current repayment rate
Milestone achieved: <£0.60 interest a day (was 69p, now 57p)

Current target: Repay mortgage by end of November. (if job holds out)

I can't wait until I'm at your stage! Our interest is currently £19.77 per day :eek: