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Calculating mortgage interest

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  • hyposmurf
    hyposmurf Posts: 575 Forumite
    Thanks for all your replies so far.So Tidler if my mortgage interest is applied on the 1st of every month, the best day in May to make an overpayment would be on the 31st or would it be the 1st?
  • Tiddler_2
    Tiddler_2 Posts: 537 Forumite
    I would guess the 1st but it is only a guess.

    It may be worth speaking to the lender - it may surprise you that they can be quite helpful on such matters
  • hyposmurf
    hyposmurf Posts: 575 Forumite
    Ok thanks I will do. Penelope P I got that calculator wroking yesterday but now just gives me an error.Looked real handy though.
  • posh*spice
    posh*spice Posts: 1,398 Forumite
    This is a really helpful thread - thank you:money::D
    Turn your face to the sun and the shadows fall behind you.
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