We'd like to remind Forumites to please avoid political debate on the Forum... Read More »
📨 Have you signed up to the Forum's new Email Digest yet? Get a selection of trending threads sent straight to your inbox daily, weekly or monthly!
How much interest do you pay on your mortgage per day?
Comments
-
Currently it is 3.25 per day, but it drops to 2.25 in January
Hope everyone has a great christmas
hughMortgage :- Jan 2008 £56000, August 2012 £ 0
Target :- 1 Apr 2010 £20000... ACHIEVED
Whiskey bottle £279 banked. Mortgage Pikachu £2 + 50p £1920 banked
Mortgage Free In Three No. 113
Mortgage free date, 30 July 2012 :j:beer:0 -
£5.11 per day
Hope everyone has a lovely Christmas :snow_laug0 -
Smoke free since 16th December 20120
-
Jan 08 £16.83 a day
Nov 08 (won't know Dec until Jan statement) £9.86 a day
Just pleased the interest charged is going in the right direction!
FloxxieMortgage start September 2015 £90000 MFiT #060 -
I'm £35.84/day in interest - being (262200*0.0499)/365. With a lodger I'm managing to pay about £600/month more than the standard payment at the moment but am struggling at this level, but will keep it up as long as I can. I stupidly bought my first flat in London in Aug 2007 - shortly before the housing crash, so am pretty close to negative equity if not already in it.0
-
I'm £35.84/day in interest - being (262200*0.0499)/365. With a lodger I'm managing to pay about £600/month more than the standard payment at the moment but am struggling at this level, but will keep it up as long as I can. I stupidly bought my first flat in London in Aug 2007 - shortly before the housing crash, so am pretty close to negative equity if not already in it.
Patrick,
I bought a flat in 1989 and was still in negative equity when I sold it 12 years later, but it's only negative equity if you think of it like that.
1) I had somewhere to live
2) I managed to pay the mortgage
3) I managed to move having thrown all my savings at the difference and within a year I had negative equity no more!
As long as you can pay the mortgage you have nothing to fear. Good luck!
SmileyGTarget acheived: _party_ Mortgage offset in June 2012!_party_Mortgage = -£98Endowment = £0Investments = £40,247[STRIKE]Deficit[/STRIKE] / Surplus = £40,149(at 22/09/2017)"Don't spend then save, save then spend!"0 -
OUCH!! This is a real eye opener - at the moment I pay £26.91 a day (god, I hate banks) but if I stick to my MFW challenge in 2009 (clear 10K) then it will be 25.14 a day. Um - what can I get with my £1.77!!:rotfl::rotfl:Mortgage Aug 2019 161,000 :eek::eek::eek:Nov 2019 156,500:T Jan 2020 153,122:T, Apr 2020 149,500, Apr2021 139, 675, Oct 2021 136,823, Dec 2021 136,120🙂EF 0/12,000 (0%)😕 (5062.44 was ERC), Jan 2023 128,650. Our Mortgage is never going to be as high as it is today. :jOnwards and downwards to a better life for our family. :jJust keep swimming0
-
This is getting better £4.420
-
About £4.50 a day!
Perhaps this thread should've been done as a poll, it'd be an interesting graph?A friend is someone who understands your past, believes in your future, and accepts you just the way you are.0 -
£0 mortgage paid off last year...brilliantonwards and upwards0
This discussion has been closed.
Confirm your email address to Create Threads and Reply
Categories
- All Categories
- 351.3K Banking & Borrowing
- 253.2K Reduce Debt & Boost Income
- 453.7K Spending & Discounts
- 244.2K Work, Benefits & Business
- 599.4K Mortgages, Homes & Bills
- 177.1K Life & Family
- 257.7K Travel & Transport
- 1.5M Hobbies & Leisure
- 16.2K Discuss & Feedback
- 37.6K Read-Only Boards