How much interest do you pay on your mortgage per day?

NoobySaver

Well this month we paid £6.71. However, January is looking rosier as we have just made an £1,100 overpayment this month and then our interest rate falls in January to 1.93%. So January is set for £4.34 which sounds a lot better! Beaten that fiver a day barrier at long last.:T

esthomizzy

Redbedhead wrote: »

My daily interest today was £16.59 which has decreased from £27.27 on the 1st January this year. While I would like to take credit for that, the majority of the decrease is due to the reducing interest rates as 2/3 of the mortgage is on a tracker.

Wow that's an amazing difference well done!

matthew74

£23.21 a day until Natwest get around to dropping my tracker one percent, then £16.36.

Up until a couple of months ago was £37.

JMC39

£11.35 a day

jackiegibbo

£19.95per day for us:mad:

abouttimetoo

Nice to see this thread pop back up and see some of the changes in people's daily interest.

At it's highest I was paying £29.30 per day :eek: interest but I'm anticipating it's going to be around £10 per day in January, although it's worth nothing that this is largely due to drops in the base rater rather than my overpayments:D

MrMicawber_2

£6.46. Unfortunately on a fix until July but then hope to make a chunky capital repayment. Still, over the longer period fixes have done us well.

Peelerfart

Just done the sum and got £7.94 . I think thats a percentage drop pending though

WestonDave

Mine varies day to day due to the offsets but today's should be about £16.67. That should drop to about £13 from early January when the next rate cut is applied.

alli_baba2

Mine works out to be £27 a day - it is sobering to think that my first hour or so of work goes straight into the pockets for Mr Halifax. Annoying but has given me the kick I needed to get back on track and reduce it!!!!