Had a mortgage too long - it's going, going, gone!

hiddenshadow

Ali-OK wrote: »

Hmm...see I need to start thinking about mortgage neutrality rather than OPing. New rate = new things to think about!

Indeed - I'm working (slowly) on shifting my mindset towards mortgage neutrality, at least while I can earn 5% interest and pay less than half that on the mortgage.

Shame that (for me) seeing a debt number decrease is much more exciting than seeing the equivalent number go up in savings. Need to figure out a nice way to visualise mortgage neutrality so that it becomes exciting.

Ali-OK

I love a good graph Bar chart is calling me... :rotfl:

I'm the same, I'll have to throw something at the mortgage whatever.

Luckyinlife

Ya u got the same kinda rate as me mines 2.44 :] i overpay as you know just because i enjoy seeing it to come down each week and have the savings in place

Do you not pay a payment on account in july as well normally ?

I must of missed what happened to the car £500 is a lot grrrr

Ali-OK

You got a good rate there Lil.

Yes, they'll be POA in July still, but it's usually the smaller of the 2 bills.

On paper I'm £500 away from what I need for the car payment in April..that'll be in the bag next month no worries. Sorry, I worded it badly before.

shangaijimmy

Daily interest figures are fantastic on new rate, and it won't be long before you work out which month you dip your monthly interest under £200 mark!

Ali-OK

August 2017 on the £1032.41 total per month...sooner with bigger OPs, but I only put those in as I pay them.

How many minutes was that?! :rotfl:

Luckyinlife

Ohh i see :] also when will u dip below £5 a day interest hehe least now it is in sight on this new rate :]

shangaijimmy

Very impressive timing. I bet you beat it though...!

Ali-OK

May 19 for below £5 a day :eek: Will all be smaller and slower on the lower rate, but won't forget it's dropping 32% with change of rate

You've laid down a challenge there SJ!

Not done much else today. Washing dried on airer and have put that away. About to cook duck, as with Ald!'s cue and spring onion in the Super6 I picked some up in the weekly shop and we'll have some tonight in pancakes.

Got given a big chunk of HM Christmas cake too this week, so that for nibbles later.

shangaijimmy

December 18 is my below £5 daily interest month!