Quick Question Thread

[Leith Green]

7 minutes ago, 19QOS19 said:

9 minutes ago, Leith Green said:

.......or, save it somewhere (ISA perhaps?) and offset against the capital at a point in the future.
Not sure if they still offer "offset mortgages" where you can pike in a bit more cash as and when and you are not limited to the 10%.
Speak to a mortgage adviser, thru may have better ideas.

Yeah I think it's definitely what I'll need to do. It isn't up for renewal until July '24 so with any luck things might be a bit more settled by then as well!

Worth pointing out that we are paying 75% more now than we were in November, that's just because it's a variable rate.

Add on the gas and electric increases and we are hundreds a month worse off.....

I might have to move this to pptgoyn thread now !

[19QOS19]

Worth pointing out that we are paying 75% more now than we were in November, that's just because it's a variable rate.
Add on the gas and electric increases and we are hundreds a month worse off.....
I might have to move this to pptgoyn thread now !

My plan would be to keep my basic at £500 a month. I'd be putting the £400/500 extra away to make a payment at the end/start of the year. So if it went up to £800/900 a month it wouldn't really sting me as I'd have that extra money to the side to use anyway if that makes sense. Just good to get an idea of how high it can go from your 'basic' monthly payment to know if it's worth the risk.

[Florentine_Pogen]

50 minutes ago, 19QOS19 said:

School me if you can be bothered(!) as I'm struggling to find these answers online:-

How do they calculate your monthly payment?

Have you got a 'base' amount you look to pay each month but it can obviously fluctuate. And if so, how high has it went above that amount? - that's a bit personal. Feel free to PM if you are ok to answer

Does it change much from month to month?


I still have a year left of my fixed rate but thinking of going variable in the future as I may end up paying more than 10% due to a loan coming to an end and me putting that money in to the mortgage.

 

 

41 minutes ago, Leith Green said:

We got a great deal off an IFA mate 15 years ago, it's 1.1% plus base. So for a few years it has been peanuts.

But, when base rate goes up, we pay more the month after. E.g  If base goes up 0.5% on £100k, you will pay £500/12 extra in the month after.

Ours is interest only which I don't think you can get these days (we have money put aside from pension lump sum to pay it off).

We have done the sums on "money coming in v increase when rate goes up" and are still in a decent place.

That said, if you have the opportunity of a good fix, that may be a better shout for budgeting etc.

 

p.s. when I was younger, interest rates were about 8.5%🫣🫣

Very similar to Leith Green but we took our original mortgage on in '97 on endowment basis but changed in '02 to Cap & Int. We got a deal from Abbey National (Santander) of Base + 1.00%...........plus, we only took on a £45k mortgage so we've been paying peanuts for 20 years and only 2 payments to go.

 

I'd imagine you're in a different situation ............

[19QOS19]

Very similar to Leith Green but we took our original mortgage on in '97 on endowment basis but changed in '02 to Cap & Int. We got a deal from Abbey National (Santander) of Base + 1.00%...........plus, we only took on a £45k mortgage so we've been paying peanuts for 20 years and only 2 payments to go.
 
I'd imagine you're in a different situation ............

We only borrowed 85K. Which is very little by today's standards! I'll have 14 years and £63k left by the end of this year. We're paying off Cap & Int. If I can stick to making that overpayment I can take 7 years off it according to moneysupermarket's website, so that's the reason I think I'll need to go variable, so I can overpay more than 10% per annum.

Ours is 3.99% just now but I expect that will rise regardless of what plan we take out next. A mortgage advisor will likely be a go to nearer the time.

[Florentine_Pogen]

4 minutes ago, 19QOS19 said:

We only borrowed 85K. Which is very little by today's standards! I'll have 14 years and £63k left by the end of this year. We're paying off Cap & Int. If I can stick to making that overpayment I can take 7 years off it according to moneysupermarket's website, so that's the reason I think I'll need to go variable, so I can overpay more than 10% per annum.

Ours is 3.99% just now but I expect that will rise regardless of what plan we take out next. A mortgage advisor will likely be a go to nearer the time.

 

 

Definately speak to an advisor. Christ knows what will happen to interest rates over the next 3-5 years...........

[broon-loon]

On 04/06/2022 at 14:59, Dundee Hibernian said:

Reputed to be the smallest pub in Scotland (by some) Scotland's or the Railway Tavern in Kincardine.

.

Is it still open?

OK, here goes...

This establishment was once known as The Drover's Inn (Drover's).

Apparently there are still beds at the back where the Drovers slept when moving livestock across the Forth?

Mother in Law also recalls being sent there many times as a kid with a jug to get beer for her Grandad. 

It has also been named The Railway Tavern for a spell.

Mother in Law reckons it's still open.

But yes, it's Jimmy Scotland's.

 

 

 

[Dundee Hibernian]

3 hours ago, broon-loon said:

OK, here goes...

This establishment was once known as The Drover's Inn (Drover's).

Apparently there are still beds at the back where the Drovers slept when moving livestock across the Forth?

Mother in Law also recalls being sent there many times as a kid with a jug to get beer for her Grandad. 

It has also been named The Railway Tavern for a spell.

Mother in Law reckons it's still open.

But yes, it's Jimmy Scotland's.

 

 

 

It appears it is still open, locally called the Railway, previously the Ferry Inn. Sporadic opening hours, some old bus seats, the three seaters, used in the lounge which seats six. Thank you for the 'Drovers' information, it makes sense given the locality: the drovers would be bringing livestock to the Trysts in Stirlingshire.

[Left Back]

13 hours ago, Leith Green said:

.......or, save it somewhere (ISA perhaps?) and offset against the capital at a point in the future.

Not sure if they still offer "offset mortgages" where you can pile in a bit more cash as and when and you are not limited to the 10%.

Speak to a mortgage adviser, they may have better ideas.

Offset mortgages are still a thing, not usually with overpayment facility though but you can work it the same.

We have an offset we put money into each month.  We then aren’t paying mortgage interest on that.  Every two years when we re-fix  we bring the capital down using some of the money in the offset so reduce our monthly payment.  It’s basically overpaying and you aren’t limited to how much you can overpay.

[Left Back]

12 hours ago, 19QOS19 said:

 

 

 

We only borrowed 85K. Which is very little by today's standards! I'll have 14 years and £63k left by the end of this year. We're paying off Cap & Int. If I can stick to making that overpayment I can take 7 years off it according to moneysupermarket's website, so that's the reason I think I'll need to go variable, so I can overpay more than 10% per annum.

Ours is 3.99% just now but I expect that will rise regardless of what plan we take out next. A mortgage advisor will likely be a go to nearer the time.

 

 

You can fix for a lot less than that.  We fixed earlier this year (with offset) at about 1.6.  Rates have gone up slightly since then though.

[19QOS19]

You can fix for a lot less than that.  We fixed earlier this year (with offset) at about 1.6.  Rates have gone up slightly since then though.

Aye absolutely mental seeing how low some of the fixed rates are/were recently. And I thought 3.99% was decent!

As I say though, it's not so much that that I'm bothered about. I'm more concerned about wanting to get it paid off much earlier than the 14 years we have left. If we took that extra loan money and put it in our accounts we'd no doubt waste it on shit we dont need. Far better for us to put it away to help get the mortgage cleared sooner.

[Stellaboz]

Is the word steroid taking from the word asteroid,  or is it pure coincidence?

[coprolite]

17 minutes ago, Stellaboz said:

Is the word steroid taking from the word asteroid,  or is it pure coincidence?

I'm no Suzy Dent but i'd go for coincidence. 

Asteroid is something to do with astro- meaning star. 

Steroid is to do with sterols (like cholesterol) which are some class of organic chemical. 

Maybe. 

[Hedgecutter]

21 minutes ago, Stellaboz said:

Is the word steroid taking from the word asteroid,  or is it pure coincidence?

Coincidence

Greek for star is astēr, making asteroeidēs ‘starlike'.

on other hand, sterols are a group of compounds (one example being cholesterol), with steroid being derived from that.

[Florentine_Pogen]

5 minutes ago, Hedgecutter said:

Coincidence

Greek for star is astēr, making asteroeidēs ‘starlike'.

on other hand, sterols are a group of compounds (one example being cholesterol), with steroid being derived from that.

[tamthebam]

Here, hold on

Asteroid is that French cartoon with Romans in it and a Steroid is what you play records on.

 

 

[SlipperyP]

Can we now stop speaking forin muck, since Brexit, it's a big stone, second is make you big drug.

ffs lads learn your tongue  

[Derry Alli]

How do I go about getting an NHS dentist? 

I was private but I cancelled that and now whoever I phone aren't accepting NHS (I have only tried three, tbf). 

Do I just need to keep phoning them until somebody says "Aye" or is there somewhere I can go and see ones with availability?

f**k phoning round loads.

[Loonytoons]

How do I go about getting an NHS dentist? 
I was private but I cancelled that and now whoever I phone aren't accepting NHS (I have only tried three, tbf). 
Do I just need to keep phoning them until somebody says "Aye" or is there somewhere I can go and see ones with availability?
f**k phoning round loads.

Are you in Dundee? I'm sure the one on the Cleppie Road near Kingsway Tesco were advertising NHS dentists recently.
KW Dental.
https://www.kwdental.co.uk/

[Derry Alli]

20 minutes ago, Loonytoons said:

Are you in Dundee? I'm sure the one on the Cleppie Road near Kingsway Tesco were advertising NHS dentists recently.
KW Dental.
https://www.kwdental.co.uk/

I've messaged them. You get through all the bumff then get told you're on the waiting list.

Thanks though!

[Bigmouth Strikes Again]

Anybody been fucked around by morons on ebay? Young lad won a framed signed shirt for £67 starting bid was £50 no reserve or anything. Arsehole then says to him I'm not selling it for £67 it cost me £300, he's an older gentleman. Ebay involved now,  he's knows he's not going to get the shirt, but what happens to the seller clown? ebay just shut down his account and that would be it?

Thanks in advance.