We’d like to remind Forumites to please avoid political debate on the Forum.
This is to keep it a safe and useful space for MoneySaving discussions. Threads that are – or become – political in nature may be removed in line with the Forum’s rules. Thank you for your understanding.
📨 Have you signed up to the Forum's new Email Digest yet? Get a selection of trending threads sent straight to your inbox daily, weekly or monthly!
A new journey…
savvylondoner
Posts: 72 Forumite
The help here was invaluable when I was on a journey before having accumulated huge debt. Having saved up a deposit and had an increase in salary I’m in the lucky position of buying for the first time with my partner. The mortgage payments are significant but wanting to be savvy in paying off as much as I can as quickly as possible. Any tips gratefully received and I’ll track my progress here!
1
Comments
-
Check to see how overpaying your mortgage works. Some there's a limit, some the overpayments reduce the monthly amount. And start planning at least a year in advance of when the remortgage times approach to ensure you are in the best place to get the lowest interest rate.I’m a Forum Ambassador and I support the Forum Team on Debt Free Wannabe, Old Style Money Saving and Pensions boards. If you need any help on these boards, do let me know. Please note that Ambassadors are not moderators. Any posts you spot in breach of the Forum Rules should be reported via the report button, or by emailing forumteam@moneysavingexpert.com. All views are my own and not the official line of MoneySavingExpert.
Click on this link for a Statement of Accounts that can be posted on the DebtFree Wannabe board: https://lemonfool.co.uk/financecalculators/soa.php
Check your state pension on: Check your State Pension forecast - GOV.UK
"Never retract, never explain, never apologise; get things done and let them howl.” Nellie McClung
⭐️🏅😇🏅🏅1 -
Thank you @Brie - I think we’re allowed to over pay by 10% each year. Will definitely try to be well-prepared for when remortgaging comes up.0
Confirm your email address to Create Threads and Reply
Categories
- All Categories
- 351.8K Banking & Borrowing
- 253.4K Reduce Debt & Boost Income
- 454K Spending & Discounts
- 244.8K Work, Benefits & Business
- 600.2K Mortgages, Homes & Bills
- 177.3K Life & Family
- 258.5K Travel & Transport
- 1.5M Hobbies & Leisure
- 16.2K Discuss & Feedback
- 37.6K Read-Only Boards