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whats your daily interest on your mortgage
funscott
Posts: 80 Forumite
just worked mine out and its not as bad as i thought at £1.98p per day
50k outstanding @ 1.25% (0.75+ boa for life offset tracker)
50k outstanding @ 1.25% (0.75+ boa for life offset tracker)
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£24.92. :eek:I am a mortgage broker. You should note that this site doesn't check my status as a Mortgage Adviser, so you need to take my word for it. This signature is here as I follow MSE's Mortgage Adviser Code of Conduct. Any posts on here are for information and discussion purposes only and shouldn't be seen as financial advice. Please do not send PMs asking for one-to-one-advice, or representation.0
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£39.44.....0
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£1.67p ....... :j0
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how do you sleep at night. burning £1+ an hour on interest alone.0
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It's a roof over our heads and I work from here too.I am a mortgage broker. You should note that this site doesn't check my status as a Mortgage Adviser, so you need to take my word for it. This signature is here as I follow MSE's Mortgage Adviser Code of Conduct. Any posts on here are for information and discussion purposes only and shouldn't be seen as financial advice. Please do not send PMs asking for one-to-one-advice, or representation.0
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Approx £17.67 for me (until rates go up
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Id be in a cold sweat rocking back and forward.0
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It's funny you should say that.
This is the way I worked out the allowable expense for the room I use as an office;-
annual mortgage interest divided by number of rooms in house, divided by 24 hours in a day, multiplied by 8 hours business use.
9,000 / 8 = 1,125 / 24 = £46.88 x 8 = £375 per year.
Very fair, I thought. I may not work a seven day week, but I can't move all the office furniture out of here at weekends.
I am a mortgage broker. You should note that this site doesn't check my status as a Mortgage Adviser, so you need to take my word for it. This signature is here as I follow MSE's Mortgage Adviser Code of Conduct. Any posts on here are for information and discussion purposes only and shouldn't be seen as financial advice. Please do not send PMs asking for one-to-one-advice, or representation.0 -
£7.67 FTB on £105000 over 30 years. Only took 30 years to make sure I'm sound for the first few years as I want to save for a new bathroom etc for the house I'm buying. Will be over paying ASAP when I get a lodger in!0
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