Halifax Mortgage 20 November 2012 at 5:56AM in Mortgage-free wannabe 4 replies 591 views

Hyp3rion

Hi,

I am on Halifax SVR, have been for a few years but I'm only just finding myself in a position to start overpaying :T.
I am using the spreadsheet to track payments but find the balance of my mortgage fluctuates so I have to keep adjusting the starting balance to make the current month balance tally up with what is on the internet banking site.
Anyone know why this is? My balance has gone up by a couple of hundred pound from yesterday. Is it the way or times that the interest is calculated?

My monthly payments were £939. I called halifax and asked them to round it up to £1000. I am making regular payments on top of this through the month using internet banking.

regards,

Hyp

podgeylad

The balance online updates on payment day, then if you overpay say 10 days later they add 10 days interest then take of the op, so if its only a small op the balance will go up.

i like this easy daily calc

www .bllaw.co.uk / services for business / insolvency and recovery / simple interest calculator . aspx

i cant post links doh

hope it helps

MissOptimistic

I have the same trouble keeping track of my Halifax Mortgage as their online banking is rubbish! - However I did receive a letter earlier in the year saying that it was going to be improved and I would receive a new log-in etc and it would be much easier to understand the balance etc - So maybe that will help

james3333

MissOptimistic wrote: »

I have the same trouble keeping track of my Halifax Mortgage as their online banking is rubbish! - However I did receive a letter earlier in the year saying that it was going to be improved and I would receive a new log-in etc and it would be much easier to understand the balance etc - So maybe that will help

really? cool... it is rubbish at the mo

Hyp3rion

Argh that's really rubbish as the spreadsheet is a great motivator!