2008 MFW newbies

sky-blue_pink

My fixed rate is up end of November and I'd already contacted Nationwide to enquiry about their loyalty deals as decided to do the 5 yr fixed rate at 5.78.

I literally screamed at the computer screen when I went on to check that the rates hadn't changed with all the news and - arrrghh, not only had the rate gone up to 5.98, the devils now want a £299 reservation fee.

How annoying is that?

Anyway, being a frugal sort, I rang and begged them to let me off the reservation fee (didn't they want my business? - erm...no) and...ahem, I'd only previously already reserved the 5.78 no charges rate already.

That'll teach me to dither. Phew

Herewegoagain

Hiya guys,
If the bank base rate went down yesterday and I'm on a tracker 1.25% above base rate does that mean it automatically goes down or is it up to mortgage provider

HWGA xx

Welshlassie

Usually means to automatically goes down

Herewegoagain

Thanks WL, have updated OP's in sig:D

torbrex

Well the money is in my account, waiting for Monday morning when my lender takes the final payment, I thought I was going to be 'cool' about it but I am getting soooo excited.

I wish I could change my sig to say that the deed is done but I am forcing myself to wait.

bellsbells

SALTY69 wrote: »

Hi Bellsbells and all the great people who helped me out. I was a member on this board last year and you might remember i was moving to a bungalow (council) and selling up. Well here is the update, House sold for £15000 less than i wonted but it is know sold to a young couple and the contracts have been exchanged and the completion date is on Wednesday. Luckily only had a small mortgage and will totally dept free. I hope you all our lucky enough to pay off your mortgages asap. It is such a difficult time but i am sure we will all get through it. Good luck to you all.

Salty

Thanks for letting us know how you are Salty - I am glad things have worked out ok.

bellsbells

Well I have had to reduce the amount I am overpaying by due to the imminent arrival of bump. I am not really complaining though, I have managed to knock 14 months off the length of my mortgage since starting overpaying in January which is very satisfying. We are planning on overpaying £30 a month if possible just to keep things ticking along. Money just won't stretch - as you can see from my sig my rainy day savings have served their purpose and are no more. We did buy a new computer when the old one exploded, new plumbing when the kitchen water supply stopped working, a new mattress for baby and insurance for the car and house. So anyway I need to get some savings back as a priority especially as money will drastically reduce when I start my maternity leave.

I am really chuffed about the amount my term has been reduced - it makes it real just how much of a difference overpaying does make!

zavarony

bellsbells wrote: »

Well I have had to reduce the amount I am overpaying by due to the imminent arrival of bump. I am not really complaining though, I have managed to knock 14 months off the length of my mortgage since starting overpaying in January which is very satisfying. We are planning on overpaying £30 a month if possible just to keep things ticking along. Money just won't stretch - as you can see from my sig my rainy day savings have served their purpose and are no more. We did buy a new computer when the old one exploded, new plumbing when the kitchen water supply stopped working, a new mattress for baby and insurance for the car and house. So anyway I need to get some savings back as a priority especially as money will drastically reduce when I start my maternity leave.

I am really chuffed about the amount my term has been reduced - it makes it real just how much of a difference overpaying does make!

Well done Bells:T 14 months is a great reduction in such a short period of time. Good luck for the arrival of baby bellsbells.
Zav
Ps - dont forget the offer of help for the 2009 thread xx

Lister_2

Hi guys, can I join the happy band?

Goals are to clear £6k of debt then clear / offset mortgage as much as humanly possible!

Herewegoagain

Bells,
thanks for updating me but just to muck you about abit, sorry honest, I have arranged with mortgage peeps to pay £1100. as of nov payment now making OP's of £671.55

Congrats at the 14months of the term of your mortgage.

HEGA xx