2008 MFW newbies

kezza12

hi paul i'm a money saving newbie too but i've been over paying on my morgage for 6 months now i just went to my morgage holder and asked them how to do it. they provided me with the account number and sort code and i set up a standing order to pay it.hope this helps
regards
kerry

bellsbells

macka0 wrote: »

right newbie question alert....my mortgage is aroound 55k with the cheshire b/s,how do i go about overpaying it each week/month,do i just send the money to were my d/d goes to or do i have to set something up with the Cheshire B/S
thanks in advance for any help Paul

speak to the cheshire - they will be able to tell you if there are any limits on how much you can overpay, and the best way to go about it. I have set up a monthly overpayment with mine, and the money just goes out with my regular mortgage payment. I can also just phone up whenever i want and do an extra one off payment - not that i have done that yet as I am getting some emergency savings behind me. Once I have got £1000 saved however I plan on doing lots of odd payments here and there.

HTH and welcome!

P.S. when you have got yourself sorted PM me with your aims for the year and you can join the first post!

Squiggly_Diddly

Hi macka0

I'm with Lloyds/C&G - I phoned Customer Services & explained I wanted the relevant account number/sort code etc so I could set it up on my "bill payment" option. Then whenever I want to make a payment I can just click PAY C&G and enter the amount I want.

It did take a bit of explaining as I phoned 3 days after my mortgage started, so I don't think the lady in CS could quite grasp I wanted to OVERpay already.... lol!!

It's SUCH a good feeling though!!!!

zavarony

Hi All,
just checking in not been on for a while!! Everyone is doing really well towards their targets, Im still waiting or my mortgage to complete before I can start to save the £300 per month from March - Dec to acheive my target, hopefully it will aall be sorted soon, these things take ages when you are waiting for them....

Good luck for the next month

kezza12

Ok here goes my firstish ever post (i replied randomly to another newbie last night whilst browsing)I discovered the world of money saving expert 2 weeks ago today and then on mentioning it to my other half.... OH! aaaahhh thats what that means i thought you guys were talking in code!!anyway... he said that he has seen a programe on c5 and he thought it was the same guy. Watching that i was hooked with money saving, Martin you are a star you have changed my life and eased a lot of needless worries. So after browsing the site and picking up various tips i stumbled (happily) onto this forum and humbly request to join and seek advice pleeeese:j this is my statement of affairs. within the 2 weeks from finding this site i have changed my £2100 cc to and interest free for 15 months egg card changed from asda to tesco to use my club card more effectively, got rid of sky movies and sports saving my £240 per year and added it to my morgage overpayments of £150 opened up a halifax regular saver and save the maximum £250, joined various survey sites and plan on selling stuff on ebay,(deep breath)all earnings of which will go onto the morgage
so to sum up i have as of this year
debts
morgage: £53500repayment fixed for 2 years 14 years left
student loan £3500low interest 3%
egg card £2100 interest free 15 months
halifax card £300 to be payed off this month

savings
morgage overpayment £200pm reduces morgage to 9 yrs:T
halifax regular saver £250pm 7%interest
savings account £50pm for when stuff goes wrong,
nest egg £3000 just in case
so thats that I aim to take another 2 years off of that 9 year target
phew i'm glad I got that down it's now set in stone best tell the other half about my plans!!!
thanks for reading if you do i'll stop waffling now
regards
kerry
P.S i also wrote to the banc asking for all the charges back that they took from is between 2002-2005 £1400!! we'll see what happens with that!

SALTY69

Welcome Kezza, no doubt Bellbells will be here to welcome you to soon and added you to our list. You have great support on here so all the best and good luck with you MFW 2008 and lets hope all on here get MF.

:beer:

Di-Dough

Hi Kezza12:hello:

Its very addictive this site - im constantly thinking about my mortgage now:D

Di

Squiggly_Diddly

Welcome Kezza,
that sounds very impressive so far!! You will definitely get addicted.... and not just to the MFW/DFW forums!

(this afternoon I have made MrBadExample's chocolate yogurt cake from the OldStyle forum - it looks/smells fantastic - how am I supposed to wrap it in foil & wait 2 days so it's at it's best?!?!)

bellsbells

Wow Kezza12 - you have been busy! That is a very impressive start to both your DFW journey and your MFW one as well:beer:
Welcome to the thread - I have added your name to the list and then as soon as you have a target in mind PM me and I will update you. This site is amazing - as everyone else has said it becomes really addictive, you learn sooooo much good stuff!

BB

elantan

our little family is getting bigger i love it ..welcome kazza