Topic: Ask - R(ob)AWK replies

[Elmo!]

Im just looking for a savers though. Also Ive just learned that e-money institutions are not protected by the fscs

If it's just for savings I think Zopa have amongst the best rates going just now. They are FSCS protected and online only.

[Crosby Nick]

Mate according to the fscs website Revolut are not protected if they go bust.  Just wanted to let you know.

https://www.fscs.org.uk/check/check-your-money-is-protected/

I have about 20 quid in there. I won’t be losing sleep over it! Apparently they’re useful for using abroad and we’re going away soon so might transfer some money into it before we go but otherwise barely use it. But thanks for the heads up. I’ll be sure to mention it to my brother in law who was singing its praises!

[AlphaDelta]

I'm debating getting a cleaner to come to my gaff once a week or once a fortnight. I live on my own and I am a clean person. The problem is I just don't have the time to keep on top of it, I'm either at work, away or out.

Some of these agencies are charging mega bucks, but to be honest I'd rather either give the money to someone I know, or have a recommendation of someone coming in for an hour or two once a week or fortnight.

I considered putting it on my Facebook, but I'd get absolutely rinsed by people saying 'do it yourself' or 'stop wasting your money'.

[Kenny's Jacket]

I'm debating getting a cleaner to come to my gaff once a week or once a fortnight. I live on my own and I am a clean person. The problem is I just don't have the time to keep on top of it, I'm either at work, away or out.

Some of these agencies are charging mega bucks, but to be honest I'd rather either give the money to someone I know, or have a recommendation of someone coming in for an hour or two once a week or fortnight.

I considered putting it on my Facebook, but I'd get absolutely rinsed by people saying 'do it yourself' or 'stop wasting your money'.

Have you got a local shop/post office where you could put a postcard up?
I employed the lady who did our office.  Is that a possibility?
Word of mouth?

[Ghost Town]

And hide the family silver

[AlphaDelta]

Have you got a local shop/post office where you could put a postcard up?
I employed the lady who did our office.  Is that a possibility?
Word of mouth?

Top man, thats a good shout

[AlphaDelta]

And hide the family silver

Stash my porn more like it

[SamLad]

Stash my porn more like it

nah - mention it during interviews, you might get a cut rate deal.

[Ghost Town]

nah - mention it during interviews, you might get a cut rate deal.

Might get a cute cleaner who waits with her feather duster for you to get home.

Hmm, I'm sure I've seen that porn film already...

[liverbloke]

Might get a cute cleaner who waits with her feather duster for you to get home.

Hmm, I'm sure I've seen that porn film already...

i once said to my girl - do you fancy something different tonight? i have this french maid fantasy y'know

she said - oh la la - i'll meet you in the bedroom in 10 minutes

she nearly threw me out when she saw me standing there in a frilly apron and hat

[CraigDS]

i once said to my girl - do you fancy something different tonight? i have this french maid fantasy y'know

she said - oh la la - i'll meet you in the bedroom in 10 minutes

she nearly threw me out when she saw me standing there in a frilly apron and hat

The stuff custom titles are made of

[redbyrdz]

I'm debating getting a cleaner to come to my gaff once a week or once a fortnight. I live on my own and I am a clean person. The problem is I just don't have the time to keep on top of it, I'm either at work, away or out.

Some of these agencies are charging mega bucks, but to be honest I'd rather either give the money to someone I know, or have a recommendation of someone coming in for an hour or two once a week or fortnight.

I considered putting it on my Facebook, but I'd get absolutely rinsed by people saying 'do it yourself' or 'stop wasting your money'.

The nextdoor neighbourhood app is full of people looking for recommendation for cleaners, handymen, etc.

[killer-heels]

What is the formula/calculation to work out how much interest you pay every month on a mortgage?

[Crosby Nick]

What is the formula/calculation to work out how much interest you pay every month on a mortgage?

Is this any use?

Tells you monthly repayment amount based on value, deposit and interest rate which you can flex. There’s an interest only tab too which I think would give you what you need?

https://www.moneyhelper.org.uk/en/homes/buying-a-home/use-our-mortgage-calculator

[Elmo!]

What is the formula/calculation to work out how much interest you pay every month on a mortgage?

Take your outstanding balance and interest rate and work out the total interest per year, then divide by 12/

For example for an outstanding balance of £100k, and an interest rate to 2%, the total interest per year is £2k. Divide that by 12 to get £167 per month.

[killer-heels]

Take your outstanding balance and interest rate and work out the total interest per year, then divide by 12/

For example for an outstanding balance of £100k, and an interest rate to 2%, the total interest per year is £2k. Divide that by 12 to get £167 per month.

Do mortgages work out interest by years over a term? So for example, 200k over 25 years is the yearly interest worked on the balance divided by the number of years?

[Elmo!]

Do mortgages work out interest by years over a term? So for example, 200k over 25 years is the yearly interest worked on the balance divided by the number of years?

Gernerally the interest is calculated daily I think. Mine certainly is.

So for a £100k balance at 2%, the interest on day 1 would be £2000/365 = £5.48 which will be added on to your balance. The next day they calculate 2% of £100,005.48 which is £2000.10, for a daily interest of £5.48 (due to rounding it is still the same but the exact amount will be fractionally higher). And so on.

Wehn your monthly payment goes in, the daily interest will drop a bit. The amounts it changes daily are miniscule but technically the interest you are charged per day go up slight as the month goes on and then drop once your payment goes in so the overall trend is very slowly downwards.

You can just check the balance daily and see how it is changing to figure it out.

[killer-heels]

Gernerally the interest is calculated daily I think. Mine certainly is.

So for a £100k balance at 2%, the interest on day 1 would be £2000/365 = £5.48 which will be added on to your balance. The next day they calculate 2% of £100,005.48 which is £2000.10, for a daily interest of £5.48 (due to rounding it is still the same but the exact amount will be fractionally higher). And so on.

Wehn your monthly payment goes in, the daily interest will drop a bit. The amounts it changes daily are miniscule but technically the interest you are charged per day go up slight as the month goes on and then drop once your payment goes in so the overall trend is very slowly downwards.

Ok ta. I was looking at mortgages of £245000 which I guess puts the interest rate of 5.8% at £1.2k per month.

[Elmo!]

Ok ta. I was looking at mortgages of £245000 which I guess puts the interest rate of 5.8% at £1.2k per month.

Yeah that's rightm or £39 per day.

[Red Raw]

Ok ta. I was looking at mortgages of £245000 which I guess puts the interest rate of 5.8% at £1.2k per month.

The interest in your first month would be about £1200 and would fall over time but AFAIK mortgage lenders tend to work out an average fixed monthly repayment that covers the compounded interest over the whole term.

I recently remortgaged and set up my own calculator with monthy payments and interest added daily. If I put your numbers into it I get a fixed monthly repayment of £1550 for £245,000 over 25 years at 5.8%. The total interest paid would be £220,162.

There is a reasonably easy formula to calculate monthly repayments which most of the online calculators seem to use:

Monthly payment = PV × (r(1+r)ⁿ) ÷ ((1+r)ⁿ -1)
where
PV is the present value of the loan (£245,000)
r is the monthly interest rate as decimal (0.058/12)
n is the length of the mortage in months (12 x 25 = 300)

This assumes interest and payments are both added monthly but it comes up with a very similar result to my daily interest calculation of £1548 per month with total interest of £219,617.

[killer-heels]

Thanks very much for your help.

I have decided to lock in a 2 year fix. I decided against gambling on a variable rate but didn’t want to take on a 5-year fix.

[Red Raw]

Yes, I went for a two year fix. Hopefully we will be rid of these shysters by then and interest rates will have settled. Five/ten years seems way too long for the sort of rates on offer.

[CraigDS]

Thanks very much for your help.

I have decided to lock in a 2 year fix. I decided against gambling on a variable rate but didn’t want to take on a 5-year fix.

Prob best decision currently, think I'd have gone down the same route.

[killer-heels]

Prob best decision currently, think I'd have gone down the same route.

Thats after having to extend my 17 years left back to 25 to make it meet affordability criteria. This next 12 months will be brutal for many.

[Crosby Nick]

What’s the deal with roaming charges on mobiles these days? Do I need to do anything before I go/when I land to avoid being stung for anything?

And as long as you’re on the hotel wifi are you ok?

[So… Howard Philips]

What’s the deal with roaming charges on mobiles these days? Do I need to do anything before I go/when I land to avoid being stung for anything?

And as long as you’re on the hotel wifi are you ok?

Check with your service provider and log on to the insecure hotel Wi-Fi- just don’t do any on line banking or logging on to Barnsley MILF Cooperative.

[Elmo!]

What’s the deal with roaming charges on mobiles these days? Do I need to do anything before I go/when I land to avoid being stung for anything?

And as long as you’re on the hotel wifi are you ok?

Depends on your provider and your contract. I wasn't sure what was going to happen when I went to Switzerland but when I landed in Schiphol and then Zurich I got texts from EE saying data was still included with my bundle so was fine for me.

I think you are more likely to still get it free if you are still on same contract or PAYG deal from before Brexit.

[AndyInVA]

I'm debating getting a cleaner to come to my gaff once a week or once a fortnight. I live on my own and I am a clean person. The problem is I just don't have the time to keep on top of it, I'm either at work, away or out.

Some of these agencies are charging mega bucks, but to be honest I'd rather either give the money to someone I know, or have a recommendation of someone coming in for an hour or two once a week or fortnight.

I considered putting it on my Facebook, but I'd get absolutely rinsed by people saying 'do it yourself' or 'stop wasting your money'.

I asked my fiends if they had a cleaner. People you know I think can be your best resort.

[So… Howard Philips]

I asked my fiends if they had a cleaner. People you know I think can be your best resort.

Are you a demon?

[Mumm-Ra]

Are you a demon?

He's been selling crack and heroin to afford a jumbo monitor. I saw a nice-looking Samsung one on sale at Costco btw Andy, and thought of you 

[afc tukrish]

Are you a demon?

When cleaning, the devil is in the details...

[rob1966]

What’s the deal with roaming charges on mobiles these days? Do I need to do anything before I go/when I land to avoid being stung for anything?

And as long as you’re on the hotel wifi are you ok?

There is a fair usage cap on most networks, but unless you go mad you'll be OK, just use the free WiFi

We're in Turkey so switched everyone's data off but WiFi in the hotel and in the pub we are watching the Ajax game in is ace, so kids are happy

[Crosby Nick]

There is a fair usage cap on most networks, but unless you go mad you'll be OK, just use the free WiFi

We're in Turkey so switched everyone's data off but WiFi in the hotel and in the pub we are watching the Ajax game in is ace, so kids are happy

Cheers Rob (and others). I’m on the same plan I’ve been on for ages so will probably be ok. My son has a new sim only deal I pay for so might make sure his roaming is off to be safe.

[redbyrdz]

Any Americans (or anyone who's recently been) know if its easy to get a pre-paid sim card for your phone once there? Anything to look out for?

[afc tukrish]

Any Americans (or anyone who's recently been) know if its easy to get a pre-paid sim card for your phone once there? Anything to look out for?

Generally not a good idea to wait...

https://thesavvybackpacker.com/best-usa-prepaid-sim-card-data-plan/

[redbyrdz]

Generally not a good idea to wait...

https://thesavvybackpacker.com/best-usa-prepaid-sim-card-data-plan/

Thanks, that is good to know! I thought it was like here, where you just walk into any shop and buy a sim...  seems not!

[Ghost Town]

Generally not a good idea to wait...

https://thesavvybackpacker.com/best-usa-prepaid-sim-card-data-plan/

Reading that it seems these are all just for data only. What about for making calls? And how do you switch between them?

[The G in Gerrard]

Looking for an electric blanket for my Mum. One that she can use when on sofa rather than bed. What's the best out there?

[redbyrdz]

Looking for an electric blanket for my Mum. One that she can use when on sofa rather than bed. What's the best out there?

No idea what's the best, but randomly saw some in  Lidl today. They'll at least be cheap!

Otherwise, I'd look for safety certificates (Lidl's should have CE marks), because there have been fires started from those things.

[WhereAngelsPlay]

Looking for an electric blanket for my Mum. One that she can use when on sofa rather than bed. What's the best out there?

They're all pretty much the same,the more you pay,the nicer the cover really.I'd get one from Lidl or Aldis because you get a 3yr warranty with most of their electricals.