Mortgage Free in Three Yrs

Dithering_Dad

lol, free room, food and clothes - going to prison is VERY MSE!

I wonder if you'd get a council tax rebate too? :rotfl:

I think your OH is probably offsetting his income tax - that's what I've been doing. It's great right up until you have to pay the tax and then your offset amount goes down and what you owe on the mortgage goes up (as my signature now shows)

AnW'sMum

Dithering_Dad wrote: »

It's great right up until you have to pay the tax and then your offset amount goes down and what you owe on the mortgage goes up (as my signature now shows)

True but look at those pension pots fantastic achievement there.

esthomizzy

My updated figure is 225056.44 for January (have PM'd TallGirl). Only 15k to go (hmm that's quite a lot).

Trying_to_be_good

Dithering_Dad wrote: »

lol, free room, food and clothes - going to prison is VERY MSE!

I wonder if you'd get a council tax rebate too? :rotfl:

From a distant and obscure memory, I'm pretty sure you don't have to pay Council Tax whilst you're in prison, unless you've been sent to prison for non-payment of Council Tax, in which case it keeps adding up...

Why do I know such rubbish stuff?!:rolleyes:

On the positive side, Halifax finally paid me my £100 switching bonus for their current account, so I've now phoned to close the account. It will help replace some of the emergency savings that were swallowed up by the boiler replacement, so no extra mortgage overpayment as was the original plan.

Let's keep it up, everyone, and roll on another Bank of England rate cut on Thursday!

benbenandme

Made another overpayment today ... will phone up in a couple of days and get the latest balance and then will pm you Tallgirl

minimoocow

At least you self employed people get the opportunity to do some good with your money prior to handing it over - I wish I could opt out of PAYE!!!!

In fact I think I have the worse of both worlds as just done tax return (for BTL) - tax for that budgeted for and predicted BUT they haven't calculated mine or OHs student loan deductions correctly so now they want another £36 from me and £255 from OH!!!

I know its not a huge amount and we have to pay it off anyway but I'm annoyed as they said at the time as it was their fault for not starting on time (we phoned and told them!) we woudln't be asked to make back payments. And you aren't as long as you don't have to do a tax return so it seems a bit unfair.

Grr . . . might write and complain if I can be bothered to pay for the stamp!

MMC

taka

minimoocow wrote: »

At least you self employed people get the opportunity to do some good with your money prior to handing it over - I wish I could opt out of PAYE!!!!

In fact I think I have the worse of both worlds as just done tax return (for BTL) - tax for that budgeted for and predicted BUT they haven't calculated mine or OHs student loan deductions correctly so now they want another £36 from me and £255 from OH!!!

I know its not a huge amount and we have to pay it off anyway but I'm annoyed as they said at the time as it was their fault for not starting on time (we phoned and told them!) we woudln't be asked to make back payments. And you aren't as long as you don't have to do a tax return so it seems a bit unfair.

Grr . . . might write and complain if I can be bothered to pay for the stamp!

MMC

Do it!! Thats a nice chunk if you think of it in mortgage overpayment (interest saved) terms!! :T

Desperate_Housewife_2-2

I started a thread in the savings section hoping one of the bods there might help and they came up trumps for me...thought you might like to read it, its only a few posts long but it might help some of you guys.

Here it is http://forums.moneysavingexpert.com/showthread.html?p=7777451&posted=1#post7777451

I have opened the account and at the end of the year should have £3k saved up for the mortgage and also made £170 interest (instead of £92), plus £50 through quidco so not a bad few minutes work! It all adds up!

[Deleted User]

Already PM'd to TG, but here's my data for the record: as at 31-12-2007, my mortgage balance was £55,226.64, a reduction of £11,269.29 from the 1-4-2007 balance.

dawnylou

Woo! My £20 from Ebay is now in my account. Will phone Northern Rock tomorrow afternoon and shall then promptly visit here to PM TG with my balance!