#45

Can someone eject epimer, he’s started playing Faith in the lounge.

#46

Tell her she’s not a beneficiary to your life insurance if you die. Check. And. Mate.

#47

Yeah but she knows she is. I’m worth £600k or something dead, on some level I’m a bit disappointed in her for not offing me by now.

#48

We’d all chip in too.

#49

“but I’d rather have you!” she says

Well that’s a fucking poor decision, isn’t it

#50

You’re a canoe accident waiting to happen.

3 Likes
#52

Are there any super complicated mortgage spreadsheets that show how much money/time you save with over payments?

Whenever I use a standard one it’s like ‘£100 more a month and pay it off like 6 months earlier’ but I guess that doesn’t take into account declining interest rates as you increase equity. Is there a spreadsheet that allows you to feed in and compare interest rate assumptions and how this interacts with over payment

#53

I have never overpaid on my mortgage. That’s what the fuckboys do

1 Like
#54

This and only this is the reason you’ll never see me near a canoe.

#55

Way I see it is that £900 a month when I’m in my 60s won’t be much compared to now, why bother

#56

Not that I have seen but I created one which shows the monthly repayment per month depending on term, length of fix and whether or not you pay their fucking dogshite arrangement fee.

1 Like
#57

Got 3 years before I look into switching for the first time and I’m dreading it already. Fucking 3 years away.

#59

You’ll save a tens of thousands in interest and not have any payments to worry about when you are older.

I’m really adverse to debt as my parents had huge debt worries when I was younger, and id rather not give banks unnecessary money.

Luckily we’re in a position when we can overpay/use an offset.

We’re currently ten years in and I’m hoping we’ll be paid off in another five, or at least the offset means paying no interest. I know that sounds incredibly boring and privileged.

2 Likes
#61

That is understandable. Think I see it as wanting to enjoy the now, way I see it is my payments are manageable now, inflation is reducing the value of the capital, the long term interest rates will go down as I enter new equality thresholds, and overtime I am bound to get a pay rise or two (lucky to be quite confident I have secure employment), so it will be even more manageable in future.

Doing it young and getting it paid off early is definitely the thing to do but feel I’ve missed that boat

#62

That’s true also, but having an offset is the best of both worlds. If I want to buy myself something I can.

1 Like
#63

talking of…

#64

I’m off to the kitchen guys. Anyone want some pringles?

#65

I took the call in the end. 1h21m.

Rate has gone down substantially and have gone the overpayment route which if I keep going means I have just shaved 8y4m off my mortgage! What a fucking party!

4 Likes
#66

I know owe the bank less than £100k, feels like an achievement but still that’s a lotta work days left.

1 Like
#67

Renewing terms on our mortgage in late April, getting the kitchen done in March.

Is there any point getting the house valued after getting the kitchen done in order to get some sweet, sweet LTV benefits or is it all much of a muchness wrt interest rates in the end