2012 mfw

Southernman

sweetdaisy wrote: »

I have an Offset Mortgage with Natwest and not sure if it's the same as you, however . . . I don't overpay through online banking. I phoned them up to increase my monthly payments as they informed me that payments made by online banking are both Capital and Repayment, whereas if you phone them and ask them to increase your payment i.e you want to overpay by £50 a month. The £50 overpayment is paid off the Capital alone, so this helps to reduce the interest you pay on the Capital.

Hmmm, i'll have to look into that then. My mortgage is repayment rather than offset though so i'm not sure if it's different but i may give them a call tomorrow and see what they say. So far i've overpaid £5 as a tester by that method so it's not going to cause too much disaster but if it the case maybe i'll call them when i have lump sums. My current overpayment is just an increase on the d/d so it comes out with the general mortgage repayment!

sweetdaisy

Southernman wrote: »

Hmmm, i'll have to look into that then. My mortgage is repayment rather than offset though so i'm not sure if it's different but i may give them a call tomorrow and see what they say. So far i've overpaid £5 as a tester by that method so it's not going to cause too much disaster but if it the case maybe i'll call them when i have lump sums. My current overpayment is just an increase on the d/d so it comes out with the general mortgage repayment!

My Offest mortgage is repayment and when I made an online payment I only paid a few pounds to 'test' it like you. If you do contact them, I'd be interested to know if online payments are still capital and repayment.

Tilly_MFW_in_6_YRS

Hi guys, just to let you know I have tried updating MfW 2012 whilst abroad, but it's defaulting to a local google docs file. Looks like I won't be able to update until 30 December. Sorry for not being able to help out but I will help the mega catch up as the January postings are done.

Best wishes to you all Tilly.

originalmiscellany

No problem; Am hoping you're having a great time abroad...

greent

Thanks for adding me as No 28 - I'll be back in Jan to read and post

Merry Christmas!!

madeupname1

Welcome to Oceano 2012 MFW No. 82. Your target is currently set at £1 (and whilst all OPs large or small are welcome !) I assume you will want to set a target, so let us know what it will be!

black_taxi_2

my jan 2012 mortgage payment will rocket due to stock/share sell

but feb will be near £0---a tax bill/xmas/car tax is like a triple whammy

wildfrog

Hello,

I want in again please, 2011 number is 195, but happy to have a new number.

Not sure on target, it depends when we move house.... I'll start with £1200 and change later if need be.

Thanks,

WF

madeupname1

wildfrog wrote: »

Hello,

I want in again please, 2011 number is 195, but happy to have a new number.

Not sure on target, it depends when we move house.... I'll start with £1200 and change later if need be.

Thanks,

WF

hello wildfrog - 2012 MFW no 83 with a target of £1200. Welcome!!:j

Spiggle

Morning All,

Just bumping so the thread stays on the front page while I'm at work.

See you all later,
Spigs