2010 MF Wannabes

blizeH

gallygirl wrote: »

If your interest is calcualted daily then the sooner you pay it the better (but check your mortgage T&C's - sometimes they charge interest daily but only apply credits once a month). If you told them to shorten length then that is correct, the payment will stay the same each month, but the extra goes towards the capital

Many thanks, is there a way I can change this do you know? I mean if you end up paying the same amount anyway, I'm thinking lower payments would be more beneficial (free up cash in the short term if you need it) rather than simply shortening the term... I mean, I imagine you can shorten the term anyway if you continue to overpay at a good rate, or have I misunderstood (soz)

gallygirl

You may be able to do over the phone - worth a try - otherwise write to them saying you want all overpayments to reduce monthly payment.

uzubairu

No.19 reporting for September.

Re-mortgage has gone through with First Direct.
The Regular Savings accounts have been updated and overpayments this month are:- £1,200.

There may be a bit more being added based on another load of junk being eBayed this month.

ekroys17

No. 93 reporting in.
September overpayment has just gone out, my secured mortgage is now £104738.91 and my unsecured amount is £1956.93, giving my total mortgage is now at £106695.84.
My total overpayment for the year so far is now £7095. I have now redued my overpayment to £362 per month and using £300 to overpay on my IO mortgage on my 2nd property.

Aren't we all doing fantastic, keep up the good work guys and gals.

greent

£395 OP for Sept so far for no 173 Will look to add to that when ebay items finish this weekend

HarveyGal

No. 144, September OP of £319.20

Best wishes to everyone and especially WELL DONE to the growing October/November finishers.

Thanks to all and a virtual bouquet to Cake for keeping the board going.

wantabetterlife

No 5 reporting in, have reached my target but am still overpaying by £112 every month, this brings total overpayments this year to £11502 :j:j. Goodluck everyone!!!

ironman1

£253 paid in for this month, lower than usual but as I said earlier we have found out my GF is pregnant so money will be tighter. Still wanna hit my target before 2011 though!

Thanks:beer:

wilsons

No99 reporting in, £172 for the month of Sept, bringing my total to date £1587.15

Good work everyone...!!

Moniker

Moniker reporting in - made OP last week and regular payment went on today so balance updated below. Will break the magic sub 10k barrier at the end of this month!

I am hoping that if we carry on saving as we have done I will have an amount equal to the outstanding balance which I may be able to pay off by the end of the year (currently not allowed to OP by more than £500 pm by NW). Might be possible depending on whether we have to support DD1 in her studies abroad, or if we go ahead with some home improvements such as replacing our front door. If we can do it I would consider it the best Christmas present ever!

Good luck everyone - the end is in sight!

Moniker