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0.25% cut in BoE base rate

another £20/month towards the overpayment.... thanks Merv.....

Comments

  • ailuro2
    ailuro2 Posts: 7,540 Forumite
    Part of the Furniture Combo Breaker
    We will save a princely £2.60 a month. That's almost enough for a pint of lager.:beer:

    We'll deffo qulaify cos we're on a tracker. Fingers crossed the banks pass the savings on to folk who would benefit.
    Member of the first Mortgage Free in 3 challenge, no.19
    Balance 19th April '07 = minus £27,640
    Balance 1st November '09 = mortgage paid off with £1903 left over. Title deeds are now ours.
  • Macce
    Macce Posts: 71 Forumite
    Thanks from me too ! £10 more a month in overpayments for me. Although I think I will be maxing out my ISA first as the rate for that is 6.25% compared to my mortgage rate of 5.7%

    So I'm better off not paying off my mortgage for now ! :rotfl:

    Macce
  • amazamum
    amazamum Posts: 287 Forumite
    7.50 monthly saving for me,22.50 per month with all the recent rate decreases.
    All the better for over paying.
    Mfit member no 13 original balance £44000 :mad:
    current Mortgage balance 13537:T
  • phizzimum
    phizzimum Posts: 1,712 Forumite
    Part of the Furniture Combo Breaker
    thanks guys for inspiring me to work out how much we will save - £22 a month! :j

    that's about 73p a day ... it's amazing the things that make me happy these days :o
    weaving through the chaos...
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