thanks for response. yes the interest is calculated daily. i made a payment and the balance then rose... something to do with the way interest is calculated im sure - but i just dont get it (awaiting response from them) cheers

hi Appreciate this might be a basic question... A few days ago the amount owed on my mortgage was below £60k, and now it is over £60k. it is going up... This might be something to do with the date the interest is charged? Can anyone please explain to me the reason for the rise? Thanks

Hi Thanks for responses. OH- im not worried at all! I have purchased the house and got an absolute bargain. Its just something i want to know to satisfy my curiosity - to know how business savvy i am! (or are not) Cheers

Hi Thanks for previous answers. I have a follow up question to this which might be a bit of a challenge to work out! I want to work out a 'correct decision %' in 5yrs time from the start of my mtg. i.e. if in 2015 the rate is 6% i was right to make the 5yr fixed rate at 5.28%, or maybe if it is 4.3% i would have been better off not fixing. Bit ...

Hi All I have previously posted asking about what internet package i should choose. After careful consideration i decided i would go for Virgin Media. However they have now told me that they are unable to service my block of flats :( So, im back to the drawing board. I guess i now have to pay the line rental fee - even though i wont use the ...

Jay Thanks very much for your detailed response. That helps alot. If your prediction is correct then i definitely made the right decision to go fixed!

Louise Thanks for your detailed response. Can you please confirm how much a payment might rise then if say i had a tracker and im paying £320 per month and the base rate rises to 1%, 2%... how much would i have to pay. (i borrowed £61,995 on an £87k property). thanks

Hi I recently took out a 5yr fixed rate mtg at 5.28% and i have a few questions im hoping someone might be able to advise on. I borrowed £61,995. Now wondering if i made the right choice (i liked the idea of knowing exactly what im paying!) 1.Thinking ahead; So i can understand in 5yrs whether i made the right choice! (this might help for any ...

Thanks for the information and wishes of luck. I will be living on my own in a 2 bed flat. The Hippo/Hog sounds good.

maxsteam - thanks kindly for this advice.