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changed from here
100 plus views and not even a single comment. i think i got the point thanks anyway
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Which Mortgage is best to pay of?
Hi, I have recently move and ported my mortgage over. I took another mortgage for the extra I needed. I Owe £24k Balance £23896 fixed until 31 Dec 12 at 6.69% over 24 years £65k Balance £64849 fixed until 31 Mar 12 at 5.17% over 19 years 6 months I can afford to overpay by £45 a month, but the maximum I can over pay on the…
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How do you organise your monthly spending?
Don't know if the title makes sense (!), but just wandered how people sort out all their monthly expenses? DH & I have just remortgaged (at end of fixed rate), cleared off outstanding debts and now want to get going on putting extra towards mortgage - after inspiration from here! But i can't get my head round as to how to…
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How best to get an accurate figure??
I've been putting figures into the calculators and have been pleasantly surprised at how much we could save if we increase our monthly mortgage payments. Our current mortgage is for 23 years. Started in September last year. We've got a 2 year fixed rate deal at 5.99%. After that it will increase to 7.75% although I will…
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Man this board gets you thinking :)
So here's a question, Many years ago, when a decent house was "only" 65k we took out our first mortgage as an endowment with Allied Dunbar. So we've had it for like 12 years, so it's getting on the midway point, I havent had a valuation for it We switched to a repayment some time ago, so we#ve kpet it on, it has a pretty…
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Endowment mortgage
Hi to all fellow skinflints!:D I have a 38k endowment mortgage with the Leeds which ends in Dec 2011, interest rate is 7.5%. I have enough savings in ICICI bank (6% int rate I think) to pay off the debt, should I do this or invest 14k in 2 Maxi ISA'S for this year? Current mortgage payment is £241.34. Many thanks to you…
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savings versus mortgage query
:p :p hello all, I have a nationwide repayment mortgage and further advance both at their BMR currently at 6.74%. I have kept the BMR rate due to the flexible features - i.e. no charges for any overpayments/lump sums/term changes. The two of them add up to a debt of £36,000. I have an isa (allowance used for the year) with…
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10 months left and then it's gone- or sooner???
my mortgage finishes at the end of december with an endownment paying out too, i have some money coming my way this month and i could actually pay the remainder of the mortgage off straight away and then when the endownment is due it will be all mine:j :j what do i do?:confused: pay it off now? i owe about £4000.. or bung…
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Wow!
I don't come over here very often, but I have just been looking at a mortgage calculator, and worked out that on my £114,500 mortgage (currently £589 a month over 39 years), if I can increase my payment by just under £200 a month, that cuts the mortgage term to 21 years, without any other overpayments. I am due a payrise…
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Whether to Pay Off Mortgage or not.
Just received my annual statement; £22,000 owing on a repayment mortgage. I have the money put away earning interest so that I can pay it off early. The trouble is I'm tied into a fix at 4.75 till Dec 2007. The cost of redemption is £ 720 which I begrudge paying. Should I pay it off now and pay the redemption fee. I would…
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Using a Solicitor?
Is it better and safer to use a solicitor to do the work when you want to redeem a mortgage? Thanks G56
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mortgage interest for 29/02?
I have a repayment mortgage with daily interest and I go in on the first banking day of every month to get an updated o/s balance as I like to see it decreasing!!! (slowly). :j When I checked it today the balance was about a days interest less than I expected it to be and I had not made any overpayments last month. I was…
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A few queries
Hi I've been looking through this forums fora few weeks now and feel like I am actually finding what I am looking for. I am interested in the mortgage free in 3 years but I am thinking that realistically I could do it in 5 years confortably. Just a few questions, I have registered for quidco and got a mortgage pig but what…
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Lowest overpayment
Hi All A silly question but I wondered how much overpayments really benefit and if there is an amount which just isn't worth it. e.g. if someone was paying £10 per month extra would this be worthwhile? pj
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How to become mortgage free on a low income
Hi , just wondered if anyone had any good tips on how to lower my mortgage whilst on a low income :confused: , when I have read storys on here people seem to be able to throw huge amounts of money at their mortgage, but due to poor health this is not the case for me . Any ideas much appreciated. thanks .
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Have I Done the right thing?
I desperately wanted to be mortgage free by the age of 40. I saved into Isa's every year and then sold a second property when it had achieved enough equity to pay off my own mortgage. Unfortunately, I did not have the courage to pay off my mortgage in full as when it came to acually handing over the money I just couldn't…
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MFW challenges
Hi all, I've just signed up to the make £10 extra a day in march challenge and thought that maybe we should have some challenges going over here - you know to liven it up ;) ! Any ideas? I'll have a think this eve. Ev x
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Capital Repayment v Overpayment Fund
I've got a Co-op mortgage and despite chatting to a lady in their call-centre i'm not certain of the the best choice when it comes to the 'title'. I'll summarise what i've been told: Capital Repayment 1. Total comes off amount borrowed immediately 2. Interest calculated on the remainder 3. Extra repayment not available for…
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Mortgage Free.......When???
I just wondered at what age do you all hope to be mortgage free by? If all goes to plan I will be 46......am 40 now and hubby will be 43......37 now.
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What do i do?
I currently have a mortgage on my flat and my boyfriend moved in in december, we are looking to buy our own place and we are saving but we do have some extra cash so do we........ throw it at the mortgage we (i) have? or save it to put on our deposit for the new house? :confused: We want to make quite a big jump house…