Was Mortgage Free until 52!!!

A_Frayed_Knot

Ha ha lol . . .

Back staff should know as much as front staff :rotfl:

No quitting work - yet as side hustle has taken a bit of a blip, however, I have regrouped, been inventive and thinking of new ways to continue

Next target is Christmas, for either - side hustle, work or mortgage

A_Frayed_Knot

Well, here it is . . . letter that explains everything and nothing.

Seems H@lif@x haven't always applied my payments correctly :eek: which means they charged more interest than they should have :eek::eek:. And they are sorry for this and given me £20 :cool:

However that doesn't seem to cover it as they have also applied too much payment :eek::eek::eek: to my interest free sub account, which meant my interest free sub account was reducing quicker than it should have :rotfl::rotfl::rotfl::D

They therefore moved some of my mortgage balance, so more is interest free

Not only that but, to make sure I'm paying the right amount for my mortgage, they have recalculated and are reducing my monthly payment by £200 :eek::eek::eek::eek: not bad considering I was paying under £300 to start with without o/p's.

They can reduce all they want - I'm not in a fixed deal - thank goodness, so can still o/p as much as I want

Question - how come I or anyone never noticed this ?? Anyone know the formula for working out daily interest? Might be a task ahead for me

bexster1975

Sorry AFK, I do not know that formula. What a dogs breakfast that all sounds!

Just get the bu$$er paid off and then you won't need to deal with the tomfoolery

Bexster

A_Frayed_Knot

I'm trying my best to get rid :wall: of the bu$$er

I'm no mathematician, but something is not adding up. (That includes my 2 mortgage accounts :mad:)

I think they should just clear it as a goodwill gesture :rotfl::rotfl::rotfl:

bexster1975

I think the heat is affecting your brain.

Have a good day

Bexster

A_Frayed_Knot

Too true

Anyway off for nice long weekend to the caravan tomorrow, back Monday, so should be nice and refreshed by then and bp down hopefully.

The maths can wait.

Have a lovely weekend when it comes.

bexster1975

Ooh it is set to be scorchio!

Have a fantastic break - part timer

Bexster

A_Frayed_Knot

Thanks, will do.

That would be a part time - part timer, not a full time - part, part timer, like your good self

bexster1975

Lol! Very very very part time now in a real job

Bexster

A_Frayed_Knot

Total o/p's for July is £466.13 plus mortgage interest gaining balance reduced by £131.70 thanks to H@lif@x allocating my payments wrongly :eek: :mad:

Dark clouds looming, but will see what I can do by the end of the year.

Got down to another 000.00 - goodbye 5's :wave:, onto 4's with my next mortgage payment :j