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Old 08-01-09, 12:03 PM   #1
plowsie
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Default 1.5% Happy Days

For those that have a mortgage

Just spoke to one of the girls in the office (EDIT: On a tracker mortgage), a year ago she paid something around £600, now with that she is paying £130 odd, council tax isn't much less lol.

Last edited by plowsie; 08-01-09 at 12:15 PM. Reason: forgot to add the key information!!!
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Old 08-01-09, 12:13 PM   #2
Dappa D
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Default Re: 1.5% Happy Days

hhmmm....not all those that have a mortgage....

fixed at 5.55 % untill june NEXT year

thinking of buying out of it...thats a good reminder to pull my finger out!!
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Old 08-01-09, 12:13 PM   #3
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Default Re: 1.5% Happy Days

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Originally Posted by plowsie View Post
For those that have a mortgage

Just spoke to one of the girls in the office, a year ago she paid something around £600, now with that she is paying £130 odd, council tax isn't much less lol.
And if she isnt still paying £600/month then she's a fool......
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Old 08-01-09, 12:15 PM   #4
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Default Re: 1.5% Happy Days

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And if she isnt still paying £600/month then she's a fool......
Yeah I said that but I guess that she's happy for a bit of extra cash, if I had myself set in that frame, I would keep at what I'm paying and maybe lose some term off it if that is possible...?
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Old 08-01-09, 12:17 PM   #5
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Default Re: 1.5% Happy Days

when it goes past zero does that mean i'm going to have to pay my bank to keep my money in my savings account?
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Old 08-01-09, 12:18 PM   #6
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Default Re: 1.5% Happy Days

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when it goes past zero does that mean i'm going to have to pay my bank to keep my money in my savings account?
Erm, Yep.
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Old 08-01-09, 12:19 PM   #7
Dappa D
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Default Re: 1.5% Happy Days

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Yeah I said that but I guess that she's happy for a bit of extra cash, if I had myself set in that frame, I would keep at what I'm paying and maybe lose some term off it if that is possible...?
some let you and some dont, but yes you can pay more off and reduce the term
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Old 08-01-09, 12:21 PM   #8
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Default Re: 1.5% Happy Days

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Originally Posted by Dappa D View Post
hhmmm....not all those that have a mortgage....

fixed at 5.55 % untill june NEXT year

thinking of buying out of it...thats a good reminder to pull my finger out!!
got mine fixed at 5.6 (i think) for the next 3 1/2 years.

i'd be saving something stupid like £700/month at the moment, cant do the maths but mortgage is around £1100/month.

oh well, thems the breaks.
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Old 08-01-09, 12:21 PM   #9
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Default Re: 1.5% Happy Days

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Yeah I said that but I guess that she's happy for a bit of extra cash, if I had myself set in that frame, I would keep at what I'm paying and maybe lose some term off it if that is possible...?
I did that with the fall from 14% to 11% in the 80s and paid off my mortgage 6 years early.

Boy you lot who moan about interest rates should have been around when we had governments who thought the way to solve recessions was not to spend money you don't have and huge rates, now we spend huge amounts we don't have and those trying to live on savings are getting badly hurt.
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Old 08-01-09, 12:23 PM   #10
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Default Re: 1.5% Happy Days

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got mine fixed at 5.6 (i think) for the next 3 1/2 years.

i'd be saving something stupid like £700/month at the moment, cant do the maths but mortgage is around £1100/month.

oh well, thems the breaks.
yep us to we still have 3.5 years left on our fixed term - one of those things i guess
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