From the chimney pot this morning, Property Sparrow spotted the friendly postman coming up the front path. Plain white envelopes. Banks and building societies. All good news. She sat down with her calculator.
Even if she continues to ignore a fixed rate mortgage that has six months left to run, she is £126 per month better off on variable rate mortgages.
Property Sparrow is not interested in spreadsheets, she likes to keep things simple. But it is clear that there is a little decision to make, a need for a formula even. A strange opportunity to combine a treat with more aggressive pecking at the mortgages.
Her decision is:
December - patent shoes from Selfridges. £125. Fabulous.
January onwards - £90 per month overpayment on one of the mortgages and £36 per month extra payment in New Flat Deposit Savings Account.
Does the property sparrow have a view on the demise of the house sparrow. Have you bought the shoes yet?
ReplyDeleteAnonymous,
ReplyDeleteDelighted to receive your question. Property Sparrow doesn’t know the answer to the problem and she understands that it seems to have suddenly got a lot worse. Did you see this article in The Times yesterday?
http://www.timesonline.co.uk/tol/news/environment/article5192153.ece
Some of the commenters on it seem to want to blame hawks but that’s sparrowhawks not propertyhawk or hawkeye.
Anyone involved in property, what can we do to help? Stop tarmacing over front drives and make an effort to plant new trees and shrubs on any areas of land that are our responsibility. Very often that’ll make properties more attractive anyway.
Shoes – not before 1st December. That’s when the next mortgage payments are due.