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who here has a mortgage of more than say, 1500 per month and still overpays?
The_White_Horse
Posts: 3,315 Forumite
be interesting to know.
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me
weezl
:hello:Jonathan 'Fergie' Fergus William, born 05/03/09, 7lb 4.4oz:hello:
Benjamin 'Kezzie' Kester Jacob, born 18/03/10, 7lb 5oz:)
cash neutral gifts 2011, value of purchased gifts/actual paid/amount earnt to cover it £67/£3.60/£0
january grocery challenge, feed 4 of us for £400 -
and me In a round about way ( offset )0
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me too......by a fair bitMFiT-T2 Questee number 1460
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Me too (into the offset).0
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A list of people saying "me" or "I do"..... why is that so interesting to you?
Tell me the grand plan for this information and I might tell you.0 -
Our mortgage was £1500 and we had an op of £1000. Our mortgage is now £940 so we now op £1650.0
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I am overpaying on our mortgage with payment currently in the >£1500 a month territory.
Currently on lenders SVR of 3% so overpaying whatever I can monthly and the difference it is making is staggering. Monthly payment has come down by roughly £1000 a month since the BOE base rate dropped to 0.5%
I am basically trying to clear enough of the debt so that I am not scuppered if/when Interest rates go up to 8-10% and quite frankly I do not want to be working this hard when I am 40+ so reducing the debt as much as possible seems sensible to me.
I am hoping that Interest rates stay below 2% until 2014 as they have been rumoured to and that I can continue overpaying, which would make a HUGE dent into the debt.
John.0 -
Do others think that it is an outrage that people have to pay £1500 per month just to live in an average family home....or are we talking about above average family homes? £1500pm as a proportion of the average>good income is still substantial...just for somewhere to live.Feudal Britain needs land reform. 70% of the land is "owned" by 1 % of the population and at least 50% is unregistered (inherited by landed gentry). Thats why your slave box costs so much..0
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C_Mababejive wrote: »Do others think that it is an outrage that people have to pay £1500 per month just to live in an average family home....or are we talking about above average family homes? £1500pm as a proportion of the average>good income is still substantial...just for somewhere to live.
Why is it an outrage?
It is created by the market - the mass concentration of individual transactions of houses, bought and sold by people like you and me?
Who are you blaming?0
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