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who here has a mortgage of more than say, 1500 per month and still overpays?
Comments
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We pay way over £1500 per month, including overpayment. More than that is not for discussion on a public forum.In case you hadn't already worked it out - the entire global financial system is predicated on the assumption that you're an idiot:cool:0
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Between 2 mortgages (1 residential and 1 BTL) we pay around £1200 per month. We do not use the rental income to pay the BTL mortgage. That goes towards savings, as we're just finishing off getting 6mths worth of emergency savings
I have a S/O to OP by £50 per mth but anything extra goes towards OPing too.0 -
I really want to OP my 1500+ mortgage but can't until I have sorted our debts! We paid a lump sum off our BTL mortgage though in order to increase our equity and get a better rate.
Why are you interested?0 -
I am not seeking to blame. I am merely making an observation.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?
as you suggest,it is a consequence of market forces driven by many factors.
I would suggest though that the monthly cost of the basic human need of housing in the UK is proportionally higher than in many other countries.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 -
My minimum payment + OP = more than £1500. If my interest rate went up to 11% the minimum would be over £1500...would probably still overpay even if only £5 because I love it
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