Mortgages

[mik]

I don't feel at all smug though (I'm not being sarcastic BTW)

I would. It’s a huge millstone to free from your neck. I’d love to be in the same scenario.

[Broccers]

I don't feel at all smug though (I'm not being sarcastic BTW)

I would. It’s a huge millstone to free from your neck. I’d love to be in the same scenario.

Choices innit. Bigger better houses cost more. Not having kids is a benefit as no catchment area woes. Saying this sending them to private school rather than moving might work out cheaper for some.

As for rates they'll keep going up to 5 I think.

[DaveE]

I don't feel at all smug though (I'm not being sarcastic BTW)

I would. It’s a huge millstone to free from your neck. I’d love to be in the same scenario.

I think it's seeing friends/family struggling with their mortgages/bills etc

Helen and I are very boring; we're not from money; we don't earn big money etc

I think it's the fact that we're boring, lead relatively modest lives, and don't have kids/pets

We've been overpaying for years now, and it's worked wonders

As I said though, I think it's that we feel so "normal" and friends/family are struggling - we've barely told anyone we've actually paid it off because we know people are struggling

[Broccers]

Well done DacvE. Not having a noose around your neck is a great thing. I too wouldn't go telling people.

[DaveE]

It feels like a major achievement, something that we're really pleased/relieved about, but that we can't celebrate or share with people

Curious feeling

Anyway, you all get the gist

[Broccers]

Its nice to see folk not taking the mantle on no debt - bit taboo when most are up to their eyeballs. The silence is all you need to know.

[V8Granite]

Financially there may have been better decisions to make but knowing your house is completely yours and paid off must be very comforting.

Nicely done!!

Dave!

[Broccers]

Financially there may have been better decisions to make

What are those - crypto obvs, your pension

[Rich B]

Fair play DaveE! I'd love to be there, I have MANY more years of mortgage!!! You should be proud of yourselves!

[Mito Man]

Mines awkward because I ended up getting almost all of it paid off through my critical illness insurance

[Broccers]

Mines awkward because I ended up getting almost all of it paid off through my critical illness insurance

Usually I would rip the piss but no laughing matter - the cover there is there just in case.

Your mrs/husband will take it off you one day tho, AWWW.

[Rich B]

Mines awkward because I ended up getting almost all of it paid off through my critical illness insurance

yep, that's what you pay the monthlies for. Nothing to be awkward about.

[Matty]

How's the tracker doing Matty?

Still cheaper than the equivalent fixed

[Broccers]

The ideal level is 5 to 6 percent on your savings. Mortgage levels around a few points higher.

Are we nearly there?

[Rich B]

The ideal level is 5 to 6 percent on your savings. Mortgage levels around a few points higher.

Are we nearly there?

yep, though the 8-10% inflation handily wipes out any benefit gained from the interest on your savings...

[Swervin_Mervin]

And of course you're not getting the savings rates passed on by the banks anyway...

[Barry]

My fixed rate ends on October, really need to get something locked in, this is getting silly now

Meanwhile, the ISA still 2% down

This is fine.gif

[dinny_g]

I got 5.19% fixed for 3 years from the Nationwide this week. Starts last week in September.

You know rates are going up again from Thursday so get a deal Now. There’ll be a few days lag but by Monday, all deals will have risen

[DeskJockey]

I'm really glad we paid the penalty to get out a year early last November. The way things are going we'll have made that money back within the year.

[Holley]

You can cancel a product switch pretty much up to the last day with most lenders.

So better off bagging a rate now and keeping an eye on what happens between now and when your fixed rate ends.

I've had clients change rates 3 or 4 times