DFW vs MSE Dilemma

save-alot

After sitting on that inflatable for so long you need to get on freecycle and get something comfy for free, there are always sofa's going on the on in my area.

whatatwit

I think all overpayments should go to the mortgage. (if allowed).

Your highest other debt is fixed LOB at a better rate and your overdraft is at 0% for 12 months.
With your mortgage, there is no guarantee that the new rate will not increase any more, at least with overpayments, any more rate increases will not have as much effect.

Eupho

SunderlandBlackCat wrote:

:rolleyes: It'll be more likely to pay for a sofa. I've been sitting on inflatable furniture for the last 3 years after I ebayed my sofas to kill off one of my cards.

Well you must have done the right thing.. because you sig looks soo impressive :T

SunderlandBlackCat

Thanks everyone. Since I posted earlier this afternoon I noticed the free mortgage switching service on Motley Fool so I've signed up for that.

Its through London & County, the brokers Martin mentions in his remortgage guide so I'm not going to make any decisions until after I've spoken to them on Monday.

Then I had a phonecall from Virgin offering me another 9 months at 0% for balance transfers so I've arranged to transfer £4800 to my mortgage.

Sea78

Hi
I used London & County and found them really helpful and straightforward to use. They found us a great rate very quickly.

Sea xx

SunderlandBlackCat

Well - I've been working away for a while & had a lot of time to think & plan but not much opportunity to get on the interweb

While the timescales in my original post on the thread are just about possible there are too many things that need to go exactly right for it to happen & not land me in trouble if things go wrong.

Added to that I've found out that my employers are stepping up moving jobs to India & Eastern Europe. It used to be just call centre jobs that were being "offshored" but from Q3 this year its likely to be us techies as well so my job is feeling insecure at the moment.

If I do get made redundant my mortgage has already been overpaid to the point where I could now take up to a years payment holiday (Allowed in the Terms & conditions provided i arrange it & don't just stop paying) so I'm just going to concentrate on hammering down my non-mortgage debts which I should be able to clear within the next 4 months.

Thanks again to everyone who offered advice.