2008 MFW newbies

fluffysox

Floxxie wrote: »

I've managed to confuse myself! My mortgage payment is taken on the 16th of the month but the interest total isn't added until a few days after the 1st of the next month. So my mortgage total is now £91644 but I don't know if this is an August or September total update!

Well done everybody. Keep up the good work!

Floxxie

I think this depends on your mortgage provider. With Nationwide, the interest is updated on my account daily- I think

j4m35

Hi
Please can I join in? I know it's a bit late in the year!

Mortgage at start of year: £164332
O/paid this year: £2874
Sept: £486


Thanks, and good luck all

j4m35

PS - has anyone else been sent a weird calculator thing by Nationwide?

zavarony

j4m35 wrote: »

Hi
Please can I join in? I know it's a bit late in the year!

Mortgage at start of year: £164332
O/paid this year: £2874
Sept: £486


Thanks, and good luck all

Hi J4M35
Just send a pm to bellsbells and she will add you on to the first post and then send her an update each month with your monthly total and your year to date figure.
Good Luck and well done for your OP's so far this year
Zav

Shineyhappy

Hi all,

Tonight I will be paying my mum back a thousand pounds of the money I owe her, I have a couple of things to Ebay which should give me nearly another 500 so must list those soon!

I also got a 5 pound Play voucher from Quidco so I am going to treat myself to something for once! Hopefully I will actually manage this and not get a dvd for someones present!

belfastgirl23

j4m35 wrote: »

PS - has anyone else been sent a weird calculator thing by Nationwide?

We've had them for a while. I've mostly used it when I'm paying my credit card bills online - you put your card into it and enter your pin and it gives you back a verification number. Seems to work well for us.

shirlgirl2004

belfastgirl23 wrote: »

We've had them for a while. I've mostly used it when I'm paying my credit card bills online - you put your card into it and enter your pin and it gives you back a verification number. Seems to work well for us.

Hahaha I thought it was an OP calculator. I thought oh good another one for me to play with . I have one of those calculator things from Barclays. It's really quick and easybut a pain that I always have to have it to hand.

Topov_3

Hi, Topov reporting in!

I've managed to scrape together some old savings plans, bits of change from down the side of the sofa, etc. and have paid £1000 of our mortgage .

We are really pleased to have made such a large overpayment and I dont think we'll be doing another one quite that large again! It'd be nice though.

Bells Bells, could you please update my details on the front page? Thanks BB and to everyone else for contributing to this support group - it's a real inspiration. I don't post much but I lurk a lot and I'm really enjoying getting my finances in shape.

Maslowe

Hi

Have been watching this thread for a while and would like to join. :j
DD just about to start University and funding her is going to a challenge as well as overpaying but feel the time is right.

Maslowe

violetblue

Welcome Maslowe! :hello:

If you send a pm to Bellsbells she will add you to the list on the first page. Do you have a target figure in mind?

It feels so good making overpayments, I only wish I could do it every day!:p
I have just phoned my bank (Co-op) to make another overpayment of £1000, and I was surprised to hear them say that even though the payment won't reach the mortgage account for a few days, they re-calculate the interest from the day I phone up! :T I know a few days' interest won't make all that much difference, but it's still nice to hear!

I have also increased my monthly direct debit to £450 (was £412.21), so that's an easy £38 a month that I'll be overpaying without thinking about it.

Have spent ages fiddling with my various spreadsheets, and according to my (very rough) calculations, those two actions have knocked another 9 months off the mortgage.:cool: Loving it!!