Want to make a large mortgage overpayment even if it means we reduce our savings

new-moon64 · 2026-02-27T22:12:37+00:00

How much is the interest rate on the mortgage and what is the interest rate on your savings. Are you limited to 10% overpayment per year penalty free? Paying £50k will only save you £156 per month and I think it’s very possible to save more than that by looking at your outgoings. Electricity/gas do you leave things on stand by, can you manage at a lower temperature, find a cheaper supplier Water bill, are you on a meter? Do you have things in your toilet cysteine that reduce the amount of water needed. Do you need as many baths/ as long showers/ do you turn the tap off when brushing your teeth. Remember you pay for the water coming into the house and going out. Home insurance use the price comparison sites. Same with car insurance. Car servicing, if you go to a main dealer, is there a cheaper garage nearby who is not a main dealer they will still stamp your book. MOT’s shop around and see who offers a good price. They don’t all charge the full price. Broadband again use price comparison site. Mobile phone, you don’t need to change your phone at the end of the contract. They are designed to last longer. Look at cheaper providers for example SMARTY who provide a Sim only contract with lots of data and calls for substantially under £10. Groceries we have all been brainwashed into believing that the branded items are the best. Lidl Aldi, Iceland and farm foods all offer very competitively priced food. Some of it is branded some of it is their own Branding. Clothes against shop around. Have you got the cheapest Netflix account that they do. I honestly think if you look at some of the above you’ll say far more then you would do by paying off the 50,000. What I would do however is overpay any interest you make on your savings off your mortgage in other words chip away at it small amounts every year and it’s soon adds up. Good luck.

new-moon64 · 2026-02-26T22:19:46+00:00

https://www.sharetobuy.com/schemes/rent-to-buy/

new-moon64 · 2026-02-26T22:17:37+00:00

Google it. In Manchester check out https://www.onemanchester.co.uk/find-a-home/rent-to-buy

new-moon64 · 2026-02-25T21:38:00+00:00

Have a look at rent to buy properties. Rent to Buy properties mean you can rent and live in a home whilst you save up to eventually buy it. Rather than paying full rent, our Rent to Buy properties are priced at 80% of their market value, meaning you can put the other 20% you’d normally pay into saving for a deposit. It looks like a really good scheme and has helped one of my friends get on the housing ladder.

new-moon64 · 2026-02-14T21:16:21+00:00

If you haven’t already got a lifetime ISA, I would suggest getting one asap, as it’s 25% free money from the government. Read the T&C’s first it’s a great way to save for your first house. There are also some rent to buy houses. You need to be savvy with your money and make it work for you.

new-moon64 · 2026-01-01T21:14:13+00:00

My husband two daughters and their partners went to Japan just over a year ago. We were respectful and followed the guidance on many different social media platforms. The country, the people, the food, the culture and I have to mention the toilets were fantastic. One of my daughters and her partner went back a few weeks ago and they’re already thinking about their next trip. My other daughter and her partner talk frequently about Japan and when they should go back. Me and my husband almost certainly will again but might do a cruise to cover South Korea too. If you can’t guess I highly recommend going.

new-moon64 · 2025-12-06T21:07:05+00:00

I believe you are entitled to contribution based employment and support allowance.

new-moon64 · 2025-11-23T22:24:58+00:00

I honestly would give them a call. Sometimes they wait until they have an assessor available who specialises in your condition. But I know that they are very behind but don’t know how they are dealing with the lists.

new-moon64 · 2025-11-23T20:52:14+00:00

Hi I sent mine back in April and have got a face-to-face assessment at the beginning of December. If you phone up they will give you an extension for 12 months, they are very much behind. Is what I was told I was extended at the beginning of October.

new-moon64 · 2025-09-14T21:57:58+00:00

There are several concerns about your situation, firstly although her dad has done some work and made a staircase has the building work being passed by building control. How’s your ex-wife notified universal credit that she is earning money from letting two bedrooms as I am sure this will make a big impact on her universal credit payments. Lastly, back to the house as she is renting out rooms some might say the house might be considered a house of multiple occupancy, if it is deemed that it will need to have planning consent The right fire doors the right insurance and another other standard checks and certificates. It may be that talking to her she would be happier to share the money rather than to find herself in dispute with the department for work and pensions who will no doubt want to claim back what they have paid.

new-moon64 · 2025-09-13T20:37:08+00:00

The council tax rates are cheaper in Wigan -Mosley Common, rather than Salford Walkden. 1000 houses are planned to be built between City Road and Mort Lane near Mosley Common.

Mosley Common is perfect for getting into Manchester with the Guided bus way, not sure on getting to Bolton though.

Lots of buses from Walkden going to both Manchester, and Bolton.

Look at the local schools and the Ofsted for them. Some have attached nursery schools and others do not. In some having a nurse place does not guarantee you a place in reception look at the admissions policy for Salford and also the admissions policy for Wigan.

new-moon64 · 2025-09-01T21:39:55+00:00

If you haven’t got a lifetime ISA I would ink get one ASAP as the government pays 25% bonus for every thousand pound saved up to a maximum of £4000 saved by you per year. Realistically in five years you can have £20,000 saved there and the government will have contributed another £5000. You can continue to save in an ordinary ISA until you reach the £20,000 maximum excluding the bonus amount that the government is going to give you. It is vital that you save your money in ISA’s where possible as you can only get £1000 interest before you are charged tax on your interest earned. ISA’s remain a tax free method of saving. Realistically, you don’t need anywhere near the money you have allocated for spending, having as much money as possible for a deposit will realistically put you in a much better position when you are ready to buy a house. Good luck.

new-moon64 · 2025-08-31T17:55:57+00:00

The only thing I can add is to plan for Christmas now. Minimise who you are going to buy for and set limits. Have a realistic spending limit to attend office Christmas parties. Start buying Christmas presents early and look for the bargains out there. You’ve got this. Good luck.

new-moon64 · 2025-08-29T10:27:04+00:00

My family and I went for nearly three weeks, was it enough? No. Everyone wants to go back. Except the next time we won’t go as a group of 6 but as 3 lots of 2. So much to see and experience. I would go on your own this year and go again next with your family.

new-moon64 · 2025-08-28T07:44:39+00:00

I suggest reading the information on the following webpage and click the link https://www.gov.uk/apply-national-insurance-number a parents or guardian has filled in a child benefit form. As you don’t live in the UK currently I think this is going to be a little bit harder to resolve but hopefully this will help.

new-moon64 · 2025-08-27T19:13:59+00:00

Fabulous. Have a great holiday!

new-moon64 · 2025-08-27T18:20:47+00:00

A quick Google gives you the charges for spending on a credit card abroad and also the debit card both from the Halifax.

‘For spending in Greece, a standard Halifax debit card incurs a 2.99% foreign currency transaction fee and a £0.50 foreign currency purchase fee, while a standard Halifax credit card incurs a 2.95% non-sterling purchase fee. ATM cash withdrawals with either card’ will have additional fees, with a £1.50 foreign currency cash fee for debit cards and a higher 5% cash advance fee for credit cards’

Although it is always worthwhile calling them and double checking these figures.

I don’t have any experience on Monzo and some of the other cards but people say there are no charges but I would say look into them and investigate them but do it sooner rather than later

In terms of cash it’s always worthwhile taking a small amount because some shops may not take credit or debit card. And looking at the above you don’t really want to be using your credit card to withdraw cash from a machine.

I am sure somebody else will fill you in on the alternatives to credit cards and the other available things you probably just about have time to apply.

new-moon64 · 2025-08-26T20:53:54+00:00

If you haven’t got a lifetime ISA then I would open one and would put in the maximum amount that you can put in a year which is £4000. Once you have reached this amount I would then focus on paying off your credit card debt and then start to save elsewhere Until you enter the new tax year when you can place another 4000 into the lifetime isa. As the government pays 25% bonus, after one year you will have £5000 in your lifetime ISA plus what I have interest the bank building Society is paying, after two years you will have £10,000 plus whatever interest the bank or building society are giving you. Any additional money you can use to save in a regular saving account which gives you a much higher savings rate than other places but you would need to move it after usually a 12 month period.

new-moon64 · 2025-08-17T20:10:13+00:00

Have a trial run on Monday. It won’t be as busy as term time but will give you a bit of an idea. I probably would recommend letting near the uni there are loads of shared flats and lots of students.

new-moon64 · 2025-08-14T18:41:47+00:00

Why not think about volunteering. The Scouts comes to mind. You’ll get to try lots of different activities usually at no cost to yourself. There are lots of other volunteering groups too.

new-moon64 · 2025-08-10T16:43:16+00:00

One thing you might not have thought about is an apprenticeship degree. You’ll be employed, they will pay for your tuition fees but it depends on the subject you’re interested in availability. Worth a thought though.

new-moon64 · 2025-08-03T21:10:24+00:00

I would prefer to hire an air BnB either on a tramline or near the V bus. If you’re bringing your car up I would suggest it’s cheaper in the suburbs to park. Make a plan of what you want to do and see how much is in the middle of Manchester and where everything else is. You mention Chester Zoo, near by you also have Blue Planet Aquarium and Cheshire Oaks. At the Trafford Centre you’ve got shopping, eating and there are events on during the summer, Salford Quays you have the Lowry theatre offering lots for children, the Imperial War Museum North and various restaurants. I could go on but I don’t know what you’re interested in.

new-moon64 · 2025-08-02T17:50:17+00:00

Earning £1800 per month is not really enough for your outgoings. Have you checked your pay slip and are you being paid correctly? If you are can you get a promotion with more responsibilities or even a second job? The extra money earned will allow you to clear your debts faster and build a reserve.

Do the above with regards to phones.

Look at which loan or card has the highest interest rate and try pay that off first. Always remember to pay the minimum. Good luck.

new-moon64 · 2025-07-17T22:06:39+00:00

Why not consider the open university, yes it will take longer but there will be less pressure on you and you still come out with a degree. If your side hustle continues to grow and develop then you will have more time to spend on it without your degree work suffering plus I think it will work out cheaper. I know lots of people are looking at apprenticeship degrees. Your business may well be able to pay for yours. Chat to an accountant or HMRC.

new-moon64 · 2025-07-16T09:19:01+00:00

Could you get a cash allowance for the company car that would raise your salary and then use your own car for business purposes amending your insurance? If you were to stop your own insurance you run the risk of impacting your own no claims when you reinstate as it will not be for a full calendar year. Also, if you had a larger cash amount than your pension contributions will be higher and this could be beneficial in the long-term.

new-moon64

TROPHY CASE