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About LinkBacksthe interest rate has nearly doubled in 18 months ???
That can't be right, its only at 5.75 - no way was it under %3 in 18 months
£50 - £250 per month/4weekly
£251 - £500 per month/4weekly
£501 - £750 per month/4weekly
£751 - £1000 per month/4weekly
£1001 - £1250 per month/4weekly
£1251 or over per month/4weekly
the interest rate has nearly doubled in 18 months ???
That can't be right, its only at 5.75 - no way was it under %3 in 18 months
It is Inevitable.....
£400 pm incl the insurance on a 56K mortgage. Remortgaged 3 years ago. Got 25k saved up looking to pay it off in 5-6 years. Saving average 5k a year so should do it!
Do you have the savings in a seperate account? are you offsetting?
Instead of having a 56K mortage and 25K savings that are seperate, you will probabl be better dumping a load of that into your mortgage as soon as you can instead of waiting until you can pay it off in one go.
I was playing around with the RBoS mortgage calculator the other night. If i was to increase my payments to 500/month i could pay mine off in 8 years, saving about 15K in interest.
I wish I was lucky enough to be paying under £500 a month. Sadly it looks like I bought at the peak of the housing boom.
Currently paying £890 a month on a fixed rate mortgage. That's for a one bedroom flat about 2 minutes walk from Stratford (London) station.
I'm planning to re-mortgage once the fixed rate period ends in just over 2 years time. I've got a bond expiring just before then that should pay off a fair chunk of the mortgage.
Banks and building societies are really milking it. All this large amount of money being paid out everymonth by peeps is really depressing.
Deo Adjuvante non Timendum
£1034:50 and rising!
Got 10 years left, not missed a payment yet.
Keep thinking I'll pay a bit extra each month but have none left when the time comes.
3 kids, a wife, cats, goldfish, 3 cars, £140 gas, £60 lecy, £145 c/tax, £70 water rates, £50 (tv, tele, broadband), mobiles, lottery, food, computers, hdtv etc, etc, etc.
Modern living I'm afraid.
Do you leave the hob on all day or something?
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He's probably got a rig like mine that uses 330W foldingOriginally Posted by Steve
Cheers,
Stephen
almost
I'm paying £576 on a £101k mortgage (10% deposit, 25 yrs, fixed, repayment) and getting £450 pcm in rent (less fees)...
..........
With 3 kids - lights, computers, ps2, xbox, tv's always left on.
I sometimes leave the hob on (gas
Home server 24/7, mythtv 24/7 and bittorrent normally running on another PC.
£1213.33 per month for a 2 bed flat
My mate and I each put in £800 a month to cover everything, which is more than we need but it means we get a couple of "free" nights out a month out of our joint bank account.
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