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The best date for Direct Debit etc - Offset Mortgages

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yus786 Posts: 676 Forumite

4 February 2007 at 4:01PM in Mortgages & endowments

Hi all

I posted this on another section but never got any response so i'll try here:

Me too like everyone else wish to pay my mortgage off ASAP ....

I'm with the one account (i know the interest rate is a bit high but i have a fair bit of saving being offset).

Anyway - i have 51K remaining and the monthly interest is around the £265 ish mark - but i'm paying (well put aside) and total of £670 - £700 each month, meaning i should be mortgage free in around 7 ish years (YIPPEE...)

My question - My salary gets paid on the 14th and my interest is taken on the 24th. When do you think is the best date to set-up my DD, Standing orders, pay bills etc etc - so i can make the most of my account?

Hope this makes sense

Thanks

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The best date for Direct Debit etc - Offset Mortgages

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