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The best date for Direct Debit etc - Offset Mortgages
yus786
Posts: 676 Forumite
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
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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