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Barclays mortgage
wannasavemoney
Posts: 381 Forumite
We have a barclays mortgage which is a flexible tracker paying .17% above the base rate. We are currently overpaying by approx £200 per month and although it is a mortgage with daily interest calculated does this still mean that the extra repayments are coming off the amount borrowed when they are paid? Does anyone else have a similar mortgage who could advise me? I have looked on their website but it is not in the faq's. Thanks in advance for any info.
Proud to have dealt with my debts. Nerd number 288:j Debt free date Dec 07 :EasterBun
Mortgage as at Dec 08 : £93,077.00
Mortgage as at Dec 09 : £ 87,948.12
Mortgage as at Dec 10 : £ 83,680.23
Mortgage target for Dec 11: £73,680.23
Mortgage as at Dec 08 : £93,077.00
Mortgage as at Dec 09 : £ 87,948.12
Mortgage as at Dec 10 : £ 83,680.23
Mortgage target for Dec 11: £73,680.23
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Comments
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If you have a mortgage bought at Barclays but is Woolwich branded and are on daily rest, then the overpayments reduce the balance immediately and therefore the interest being charged immediately.There are times when parenthood seems nothing but feeding the mouth that bites you Peter De VriesDebt free by 40 (27/11/2016)0
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Thanks chivers, sorry i was so late in replying to you, but i lost the thread and have only just figured out how to look back on what i have done! And here was i thinking i was good with computers!Proud to have dealt with my debts. Nerd number 288:j Debt free date Dec 07 :EasterBun
Mortgage as at Dec 08 : £93,077.00
Mortgage as at Dec 09 : £ 87,948.12
Mortgage as at Dec 10 : £ 83,680.23
Mortgage target for Dec 11: £73,680.230
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