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

wynnvegas

Never noticed this thread before but I'll join in now! As of last month, the interest daily on the mortgage was a whopping 45.7p! Hopefully the monthly interest will drop down to less than a tenner this month...

Cheers,

Billy

mfwin2019

I have just checked mine & it is £16.46, but at least it is coming down a few pence every month. It was £16.78 at the beginning of the year so still afew more months before it goes below £16

warrior_princess

hi all
my daily interest rate is about £4.00 :j
but would be paying more if not for offset acc
Is it wishful thinking to hope the BOE stays at its current rate till 2014?:)
Cheers

pencekeeper

When this thread was created I was paying around £13.17 per day interest (my 2008 average).

2 years on and it's now 25p per day. Another 6 weeks and it should be 0p per day.

What a difference a few years can make.

ElusiveLucy

My daily interest is £2.60 per day, down from £6.86 in Jan-09. I hadn't really looked at those figures before I found this thread, so that is interesting. My reduction is a combination of lower interest rates and OPing. If only the BR could stay at its current level until I pay my mortgage off!!!!

Isleman

£15.96 per day . How depressing ....
I hope it will improve next month as I will go and fix with another lender

LilacPixie

LilacPixie wrote: »

£9.25 per day give or take a few pennys.

I posted this on 04-08-2008

As 31-08-2010 daily interest was £4.74

wantabetterlife

wantabetterlife wrote: »

Oh my goodness, i have just worked ours out at £20.45 per day :eek: . This has made me even more determind to really kick this mortgage into shape. There is no way the banks are making £20.45 per day out of me in 2010!!!! Interesting thread BTW

I posted this on 01.01.2010 and today i have worked it out as £18.58 per day, still massive but an improvement all the same:D

abouttimetoo

It's good to see this thread popping up again from time to time as I think the daily interest charges is a great motivator!

• 2007 daily interest £30.04
• 2008 daily interest £24.94
• 2009 daily interest £3.64
• 2010 projected daily interest £2.21

Obviously mostly down to the change of interest but reductions of £24,952 since Dec (including £15,120 of OP's) have all played their part :T

Lauramaria

My daily interest is £5.03, not too bad. Although my mortgage deal is moving onto variable on Dec 1st and my interest is increasing by 1.5% so will be paying around £9.33 a day then Need to get some overpayments sorted