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QB Wolf's long and winding road

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  • QB_Wolf
    QB_Wolf Posts: 722 Forumite
    QB_Wolf wrote: »
    So had my first post rise pay slip today and £440 a month better off, pay day tomorrow and my first £100 OP off a standing order, will increase it once my overdraft is sorted. :)


    Couldn't wait have upped my SO to 150, with an aim of paying 450 OP in total in August.
    Start Date 16/09/2015
    Original amount outstanding = 225,000 Current amount outstanding =199,812
    Original LTV = 64% Current LTV = 49%
    Original Pay Off Date = Sep' 36 New Pay Off date = Sep' 36
    Original Dly Int = 17.17 New Dly Int = 17.17 Total OP = £1319.31
  • Lois_E
    Lois_E Posts: 2,227 Forumite
    Ninth Anniversary Combo Breaker
    Sounds like you're off to a great start, QBW. :T
    Starting again 13/4/19
    Home loan 1: £21,102.50 Home loan 2: £7,698.99
    Total owed: £28,801.49
  • QB_Wolf
    QB_Wolf Posts: 722 Forumite
    edited 3 April 2013 at 10:38PM
    Thinking of switching my mortgage - anybody got any experience of HBSC? How easy is to view your balance on-line?
    Start Date 16/09/2015
    Original amount outstanding = 225,000 Current amount outstanding =199,812
    Original LTV = 64% Current LTV = 49%
    Original Pay Off Date = Sep' 36 New Pay Off date = Sep' 36
    Original Dly Int = 17.17 New Dly Int = 17.17 Total OP = £1319.31
  • QB_Wolf
    QB_Wolf Posts: 722 Forumite
    edited 3 April 2013 at 10:39PM
    Went into HBSC today, the new rate would be 3.29% as opposed to 4% reducing my payment from £1004 to £935, I would OP the difference.

    BUT I'd have to pay £826 in fees, dunno what to do!!!! It'll take a year to pay for itself.
    Start Date 16/09/2015
    Original amount outstanding = 225,000 Current amount outstanding =199,812
    Original LTV = 64% Current LTV = 49%
    Original Pay Off Date = Sep' 36 New Pay Off date = Sep' 36
    Original Dly Int = 17.17 New Dly Int = 17.17 Total OP = £1319.31
  • DawnW
    DawnW Posts: 7,755 Forumite
    Part of the Furniture 1,000 Posts Name Dropper Photogenic
    £826 would be a big chunk off your mortgage too if you OP it instead of paying as a fee - your choice of course, but I think I would keep the mortgage as it is for now and OP the equivalent of the fee on your existing one, if you can afford it, and you wouldn't be penalised for doing so. That in itself would lower the interest you have to pay!
  • Mortgage_Reduction_Novice
    Mortgage_Reduction_Novice Posts: 1,775 Forumite
    I agree with Dawn.... keep chipping away as is for the moment. The 75% level will open some new avenues for lower rates/lower switching fees.

    Congrats on the pay rise last month!
    MFW: Nov 2008 £156k, Jun 2015 £129k, Jun 2017 £114k.
  • Tilly_MFW_in_6_YRS
    Tilly_MFW_in_6_YRS Posts: 7,854 Forumite
    Part of the Furniture 1,000 Posts Photogenic Combo Breaker
    edited 11 August 2012 at 8:04AM
    Morning QB, the Post office has updated their mortgage packages and have 2 yr, 3yr, 5 yr fixed fee free mortgages. I have no experience of them but it would be worth checking out.

    Some of the fees are extraordinary so hopefully you will find something or that you decide to remain with your current provider - LTV is important for the better deals.

    Good luck, Tilly x
    2004 £387k 29 years - MF March 2033:eek:
    2011 £309k 10 years - MF March 2021.
    Achieved Goal: 28/08/15 :j
  • QB_Wolf
    QB_Wolf Posts: 722 Forumite
    I can't stomach £800 in fees, so not going for this, will have another look when I'm down to 75% LTV.

    Which is about a year away at the current rate :eek:.

    Need to do better than that, one of the little QBWs is gonna have to go up the chimneys!!!!
    Start Date 16/09/2015
    Original amount outstanding = 225,000 Current amount outstanding =199,812
    Original LTV = 64% Current LTV = 49%
    Original Pay Off Date = Sep' 36 New Pay Off date = Sep' 36
    Original Dly Int = 17.17 New Dly Int = 17.17 Total OP = £1319.31
  • Mortgage_Reduction_Novice
    Mortgage_Reduction_Novice Posts: 1,775 Forumite
    QB_Wolf wrote: »
    Need to do better than that, one of the little QBWs is gonna have to go up the chimneys!!!!

    Why did I hear my grandad start up with "When I were a lad..." as I read this?!?!
    MFW: Nov 2008 £156k, Jun 2015 £129k, Jun 2017 £114k.
  • QB_Wolf
    QB_Wolf Posts: 722 Forumite
    It's been a pretty dull week, haven't spent anything at work, but booked all the activities for centreparcs pretty expensive, but it is going to be a good week.

    Road tax has to be paid for before the end of the month, my free rail travel ends mid september so will have to start paying 60 a month for that (booo).

    Another week to go until pay day and next OP, since starting this the last two weeks of the month before pay day seem very slow.

    Good news, I have next week off, so lots of de-cluttering, some e-baying, some DIY and some days out with the family - can't wait!!!
    Start Date 16/09/2015
    Original amount outstanding = 225,000 Current amount outstanding =199,812
    Original LTV = 64% Current LTV = 49%
    Original Pay Off Date = Sep' 36 New Pay Off date = Sep' 36
    Original Dly Int = 17.17 New Dly Int = 17.17 Total OP = £1319.31
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