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Will the energy price cap affect us
Hi
I am on a fixed deal that ends in October 2024. I am seeing alot of news about the price cap going up again.
Will this affect us or because we locked it in that it won't.
I am on a fixed deal that ends in October 2024. I am seeing alot of news about the price cap going up again.
Will this affect us or because we locked it in that it won't.
Mortgage free wannabe
Actual mortgage stating amount £75,150
Overpayment paused to pay off cc
Starting balance £66,565.45
Current balance £55,819
Cc debt free.
Actual mortgage stating amount £75,150
Overpayment paused to pay off cc
Starting balance £66,565.45
Current balance £55,819
Cc debt free.
0
Comments
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No effect on you.0
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Locked in. And for the next 2 winters too. You win!
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Yet....Evan3020 said:No effect on you.
And yes - that seems cynical, but right now we hope that prices will have fallen again by the time your fix ends, but it's not impossible that they won't. Definitely do not take your eye off the ball on this one - be sure you know well ahead of time what impact the changes while you have been within your fix will have once it ends.🎉 MORTGAGE FREE (First time!) 30/09/2016 🎉 And now we go again…New mortgage taken 01/09/23 🏡
Balance as at 01/09/23 = £115,000.00 Balance as at 31/12/23 = £112,000.00
Balance as at 31/08/24 = £105,400.00 Balance as at 31/12/24 = £102,500.00
£100k barrier broken 1/4/25
Balance as at 31/08/25 = £ 95,450.00. Balance as at 31/12/25 = £ 91,100.00
SOA CALCULATOR (for DFW newbies): SOA Calculatorshe/her1 -
Hi,no, though you'll feel the hit when you come off your fix, certainly won't be any cheaper than what you're on now.0
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Thank you all.
We have paid off the debt that we built up over the winter last year now just building up the credit now. So hopefully that will help when the time comes.
CheersMortgage free wannabe
Actual mortgage stating amount £75,150
Overpayment paused to pay off cc
Starting balance £66,565.45
Current balance £55,819
Cc debt free.0
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