It’s calculated on your annual consumption and you should be using hardly any at this time of year because the heating’s off. You should then go into autumn and winter in credit but that will quickly get used up unless you sit in the cold.I'm 110 in credit now, it was only about 25 last month. I pay by DD and it's always considerably below that with my useage but even so I can't understand that figure of 110. However, it was a 6 month statement this time rather than the usual monthly one. Can anyone explain?
Wonder if Joe Wicks will be back on the telly with a keep warm exercise class.It’s calculated on your annual consumption and you should be using hardly any at this time of year because the heating’s off. You should then go into autumn and winter in credit but that will quickly get used up unless you sit in the cold.
Like people can afford to switch the telly on.Wonder if Joe Wicks will be back on the telly with a keep warm exercise class.
A deal ending in the next 6 months is the worst possible time. I’m gambling with mine and going variable rate for 6m to see if they then come down a bit as predicted. My rate will go from 2.19% to 5.54%! An increase of over £350 a month.Interest rate rise incoming! My fixed deal ended in July I was paying around £130 interest on my fixed deal, my mortgage was £510 and we overpaid by £290. I’ve now gone on the standard variable rate as I’m
paying off in October, my first payment was £617 still over paying at £800, the interest was £352! Fuck me that a huge increase, now if they rise by 0.5% today that will be around £700, a rise of nearly £200 in 8 weeks, how much will be interest about £450 I really hope people have fixed, I think we are going see a housing market crash and lots of repossession, because even if you start a fix now on a big mortgage you are going to be in the shit.
Congratulations to everyone who overpriced their houses in the last 22 years. Why did people stop looking at what would happen to their mortgages if interest rates rose.Interest rate rise incoming! My fixed deal ended in July I was paying around £130 interest on my fixed deal, my mortgage was £510 and we overpaid by £290. I’ve now gone on the standard variable rate as I’m
paying off in October, my first payment was £617 still over paying at £800, the interest was £352! Fuck me that a huge increase, now if they rise by 0.5% today that will be around £700, a rise of nearly £200 in 8 weeks, how much will be interest about £450 I really hope people have fixed, I think we are going see a housing market crash and lots of repossession, because even if you start a fix now on a big mortgage you are going to be in the shit.
It’s mad isn’t it, I’m so glad I will be free of it all in October, the security and relief will be immense, I do feel sorry for younger people now, despite the headlines a lot are just trying to enjoy their lives and get on but many will be renters for life because even if the await their parents death whatever they inherit will be taxed and probably not buy much.A deal ending in the next 6 months is the worst possible time. I’m gambling with mine and going variable rate for 6m to see if they then come down a bit as predicted. My rate will go from 2.19% to 5.54%! An increase of over £350 a month.
They can put their rents up but people may well stopCongratulations to everyone who overpriced their houses in the last 22 years. Why did people stop looking at what would happen to their mortgages if interest rates rose.
Interest rates always rise eventually.
Of course the BTL market will mean higher rent now as lots of properties on interest only mortgages. What a mess.
I think you may regret that.A deal ending in the next 6 months is the worst possible time. I’m gambling with mine and going variable rate for 6m to see if they then come down a bit as predicted. My rate will go from 2.19% to 5.54%! An increase of over £350 a month.
They tell you when you take out a mortage (or did for me at least) what your payments will be if interest rates rise to X Y & Z, the information is there in front of people to useCongratulations to everyone who overpriced their houses in the last 22 years. Why did people stop looking at what would happen to their mortgages if interest rates rose.
Interest rates always rise eventually.
Of course the BTL market will mean higher rent now as lots of properties on interest only mortgages. What a mess.