2011 mfw

Catslovelycats

Hi all. Number 87 here.
Excited about making a £200 OP on Tues and just hoping I can find the money to pay for some house repairs from a source other than my OP piggy bank!

Dithering_Dormouse

Hello all

I've just done the online form to give my overpayments for January. I may be cheatring a bit here but most of the 'overpayments' will in fact be amounts put into my ISA. I've transferred my money to a new ISA with the plan that the first £6000 (that I'd already saved) would be my emergency fund and anything over that will be available to pay straight off the mortgage when the interest rates go up. I have £301.96 over the £6000 so far.

I also plan to move cash from various savings accounts that re getting little interest and put them in the 'overpayments' pile.

Having said that I also made an actual overpayment this month of £550 - giving me a toal of £851.96 for January!:T

pavlovs_dog

cake21 wrote: »

217. pavlovs_dog - £1500 / £130 / £130

yay i'm out of the starting blocks :j Paid another £50 today from January's paycheck, bringing OP total so far to £180/£1500 or 12% of OP target achieved.

shala_moo

SimbaK2K wrote: »

If you need it do try giving your credit card company a ring and they might be able to reverse the payment or refund the part of it that is in credit. I accidentally paid a credit card statement twice once and got the second payment refunded no problem. :rotfl:

Thanks Simba, but i've now used £500 so the rest will get used pretty quickly :eek: it'll teach me to watch tv, chat and transfer money at the same time. I've enough in savings to cover me, thankfully.

Dithering Dormouse - i'm using ISA/savings as well for my "overpayments" as i'm in a fixed deal at the moment and can only make 20%(£90) of the monthly payments as repayments.

I managed another sneaky payment last night of £200 into my ISA so i've now paid £797.80 into my mortgage (£320 overpymt) in 2011.

I will go and fill the form in now as I don't think the next overpayment will be till the end of feb!

froddington

No 128 - Another £50 OP today. Will transfer some more money when I get paid tomorrow

originalmiscellany

No 220 (I think).
Have put in 5k this month, it's not usually going to be this amount every month (far from it!) but we're pleased (MrsOM and myself) with ourselves. Will try to overpay a decent amount in Feb too, but we're pleased with how we're doing - It's 1/12 done, and we've done 5/22 of the target, which is ahead of schedule.
Praise be!

wonderbee

No 153 reporting.
Op's another £220. A little under target but will hopefully improve next month.

Wonderbee

cake21

Wowsers, loads of lovely updates, well done all and I will sort those out later, jet lag permitting... (work not holiday meaning more money left over to OP )

Dithering Dormouse, shala_moo and everyone else - please use whichever target and include whatever amounts motivate you :j

skaps

Another op hitting the mortgage at midnight for Feb £160.11 - have updated using the form too.
Glad to see you back cake21 - hope it wasn't all work and no play.

financialbliss

skintscotslass wrote: »

Black taxi - those interest rates are fascinating!

See the Guess the base rate challenge post #2 for the representation of the base rate data in 5 year chunks:
https://forums.moneysavingexpert.com/discussion/2673077

Remember, that's the base rate, so your mortgage provider would need a margin too, to make sure they see a profit.

I'm a bit of a youngster and think my highest mortgage rate was 8.95% back in the late 90's.

Sounds huge compared to the (hopefully) 2.5% BMR I'm about to drop onto.

FB.