We're aware that some users are experiencing technical issues which the team are working to resolve. See the Community Noticeboard for more info. Thank you for your patience.
📨 Have you signed up to the Forum's new Email Digest yet? Get a selection of trending threads sent straight to your inbox daily, weekly or monthly!

The best date for Direct Debit etc - Offset Mortgages

Options
yus786
yus786 Posts: 676 Forumite
Part of the Furniture 100 Posts Name Dropper Combo Breaker
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
This discussion has been closed.
★ ★ ★ Meet your Ambassadors

🚀 Getting Started

Hi new member!

Our Getting Started Guide will help you get the most out of the Forum

Categories

  • All Categories
  • 351K Banking & Borrowing
  • 253.1K Reduce Debt & Boost Income
  • 453.6K Spending & Discounts
  • 244K Work, Benefits & Business
  • 598.9K Mortgages, Homes & Bills
  • 176.9K Life & Family
  • 257.3K Travel & Transport
  • 1.5M Hobbies & Leisure
  • 16.1K Discuss & Feedback
  • 37.6K Read-Only Boards

Is this how you want to be seen?

We see you are using a default avatar. It takes only a few seconds to pick a picture.
Update Your Picture