bunty109's 109 months to mortgage freedom

Ali-OK

Nice extra to throw at the mortgage there.

Agree with your position, not worth paying the exit charge as you've probably only 4 months to go before you can book your next one anyway (if your lender allows you to book 3 months ahead). I'd got 2 more years to go when I bailed.

You're doing well on the exercise front too

bunty109

Ali-OK wrote: »

Nice extra to throw at the mortgage there.

Agree with your position, not worth paying the exit charge as you've probably only 4 months to go before you can book your next one anyway (if your lender allows you to book 3 months ahead). I'd got 2 more years to go when I bailed.

You're doing well on the exercise front too

I'm actually able to book 6 months in advance and can switch to a better deal if one comes up in that time (as there's no fees), so happy about that!

Really need to up the exercise: doing the Sport Relief Swimathon in a couple of months and want to beat my time from last year!

Ali-OK

Even better!

Good luck with the swimathon for a great cause :T

bunty109

So pleased it's the weekend! Looking forward to relaxing as next week is busy one.

Trip out tomorrow to get some things for DD's impending trip to SE Asia. So I guess the finances will take a hit, but it's not unexpected. Hoping I might fit in a training swim as I really haven't swum much recently and need to be ready to do 2.5k.

I'm also slowly attacking the paintwork and walls in the kitchen with sugar soap. I'd like to re-paint at some point. It's green, which is my fave colour, but just not a very nice shade. Thinking of a grey-blue and maybe a feature on one wall, but need to get it all prepped first! Not in a rush so just attacking a bit each weekend.....

SueP19

Hiya and welcome :beer:

Snowball it, do one if stayed the same and one with new interest rate and charges added..............see which one comes out the lowest at your fixed end date

http://www.whatsthecost.com/snowball.aspx

bunty109

Well, finally got my mortgage call and the rate is all sorted and agreed. I've kept the term the same (it's currently 15 years, 11 months) as it was more paperwork to reduce the term. Does anyone know a mortgage calculator that allows me to work out projected repayments that lets me put in years and months?

Interesting thing was that they told me LTV is now 25%:T

Didn't make a training swim,but walked a fair amount whilst out and when I got home my Swimathon pack has arrived so hopefully that will motivate me!

bunty109

Had a really enjoyable weekend and came home tonight to much excitement: the 6 monthly mortgage statement arrived! :rotfl::rotfl::rotfl:

What it shows is that we should get below the shocking sub-£16 per day interest around May so that's the aim before the remortgage and then the daily rate will drop below £9 a day. :eek: That's such a saving!

Wonder if we can get that below £9 by year end?!

Catanddogs

Hello Bunty
We are also with FD and am desperate to secure a decent rate, our fixed is up in August could you tell me how it works 6 months in advance?

bunty109

Catanddogs wrote: »

Hello Bunty
We are also with FD and am desperate to secure a decent rate, our fixed is up in August could you tell me how it works 6 months in advance?

Sure, you call up the mortgage team and explain you want to re-mortgage with them at the end of your fix. I had looked and knew what rate I wanted but they can also offer you advice. They held the rate I wanted until one of their team called me back to talk it through.

As it's a remortgage there's no new valuation etc. required so after that call I'm now awaiting the paperwork to review and then I have to respond. After that, it's just a case of them processing and noting the new rate won't start until 1st July. As I've picked a fee free rate, if a better rate should appear I can apply for that instead. Pretty fuss free really and good rates :T:T:T

Catanddogs

Thank you I will give them a call tomorrow.