Hmm suppose this might be a good thing, my mortgage payment just dropped by 200... Don't think the bank let me know, but luckily I was looking at my statements. Their interest rate dropped, because the base rate dropped, so they had to reduce everyone's payments. I was overpaying a bit, so I'd rather have kept the payments at the same level. Think I've sorted it and it's back to where it was. Looks like I'll be paid off in less than ten years, maybe a lot less. Officially have 14 years left on this mortgage. I got a quick quote elsewhere and I could change the loan period to ten years, have no arrangement fee (they're a massive con, just frontloading interest payments) and fix my current payments to what I'm paying now. Sounds good, but the actual interest rate I'd be paying it significantly higher than I'm paying right now, so I should be paid off in less than ten. Nice! What would we do with the extra money we'd have every month that was not going on the mortgage? Put it towards holidays? We could have a big holiday every six months with the same money I think! In ten years Harry is going to be looking at universities and who knows what that will cost by that point...
Paul Clarke's blog - I live in Hythe near Folkestone. Married + father to two, I am a full stack web developr, + I do js / Node, some ruby, other languages etc. I like pubs, parkrun, eating, home automation and other diy stuff, history, genealogy, Television, squirrels, pirates, lego, + TIME TRAVEL.