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One Account - Newbie Question
Dave_2002
Posts: 2 Newbie
Hi everyone! 1st post so be gentle with me! 
I have just started 1 month ago a 'mortgage only' with the one account where the monthly d/debit is coming out of my natwest account.
My house is 125k and mortgage is 118k for 30 years at a rate of 6.24% for 2 years then 6.8% (variable) paying £731 a month.
I was contemplating joining the full one account (transferring all card/bank details accross) so i could access info online and pay extra off my mortgage (around 100 extra a month). Since my mortgage is 95% i was told by an advisor that rate would be 7.2% but my monthly payments would stay the same (confused, he mentioned something about £622 interest and miniumum £109 capital payment a month)?
Is it worth doing this or should i just stick with the deal im on at the minute and make extra payments (if and when i can) through my natwest account to the one account?
I dont have any additional savings but dont have any credit card debt or loans (except mortgage:D !)
Thanks in advance people.
I have just started 1 month ago a 'mortgage only' with the one account where the monthly d/debit is coming out of my natwest account.
My house is 125k and mortgage is 118k for 30 years at a rate of 6.24% for 2 years then 6.8% (variable) paying £731 a month.
I was contemplating joining the full one account (transferring all card/bank details accross) so i could access info online and pay extra off my mortgage (around 100 extra a month). Since my mortgage is 95% i was told by an advisor that rate would be 7.2% but my monthly payments would stay the same (confused, he mentioned something about £622 interest and miniumum £109 capital payment a month)?
Is it worth doing this or should i just stick with the deal im on at the minute and make extra payments (if and when i can) through my natwest account to the one account?
I dont have any additional savings but dont have any credit card debt or loans (except mortgage:D !)
Thanks in advance people.
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