Hope is not an Effective Financial Strategy

shangaijimmy

Indeed may will be good. Not only a 2 brick month but also a 10k bracket smashed. Think we'll have a celebratory takeaway for that!!

OCC we've got 1.99% which makes such a difference on interest. Hoping that Dec/Jan we can drop it another 0.5% too!

shangaijimmy

Here's some comparison data to 12 months ago. Very pleased with progress when you at this, especially the difference in monthly interest is very motivating!

• Closing Balances - £133,892 // £121,050
• Daily interest - £7.36 // £6.66
• Monthly interest - £220.67 // £199.76

ourcornercottage

shangaijimmy wrote: »

Indeed may will be good. Not only a 2 brick month but also a 10k bracket smashed. Think we'll have a celebratory takeaway for that!!

OCC we've got 1.99% which makes such a difference on interest. Hoping that Dec/Jan we can drop it another 0.5% too!

That's a fab rate, we have 2/3 on a 5 year fix (1year in) at about 2.5% and the other 1/3 is on a lifetime tracker of 2.16% with the fees it isn't worth changing this for now as the amount saved is so small. I keep a check of the low fee or fee free options but nothing has come up that's worth changing for as yet.

I'm currently OPing both a bit but the fixed rate one more as I am nowhere near the stage of getting to the annual limit, when I am I will switch concentration onto the smaller one. I'm a couple of years from that stage though

In many ways having mortgage in 2 parts is handy as you can have part fixed part not but when looking for deals it results in 2 fees so that's not so great!

I don't think we would get anything like these rates from other lenders being self employed and supposedly high risk

mrsp1987

shangaijimmy wrote: »

Think we'll have a celebratory takeaway for that!!

Careful! Don't want to be too frivolous :rotfl:

shangaijimmy

Don't panic, shared meal with extra portion of rice/chips!

shangaijimmy

£1 TT'd first thing. I'll check on TSB accounts for interest later and looking forward to no tax being taken off!

The weather has scuppered my patio grouting plans but on the other hand it's tested my guttering, which so far has passed!

hiddenshadow

I don't think T$B will do interest until Wednesday, as it's midnight at the end of the first non-bank holiday/weekend of the month, which would be tomorrow night. Looking forward to seeing our gross interest as well!

shangaijimmy

Damn banks! Bank holidays would be much better on a Friday too!

hiddenshadow

shangaijimmy wrote: »

Damn banks! Bank holidays would be much better on a Friday too!

I agree - Friday off is so much nicer than Monday off.

shangaijimmy

Well there's so little going on in SJ towers all I have to post is that I TT'd 12p this morning. Quite disappointed really as I was hoping to post some ground breaking, world changing info - ah well leave that for another day...!