u/DivilABotherBeOnYa

We're looking to upsize from our flat to a house. Max purchase price is £546,000, deposit £186,000 and joint income of £91,000. My wife will go back to full-time work iin two years so that will go up to £117,000

I always assumed porting our existing mortgage and taking a top-up was the most logical route to avoid early repayment charges. However, when I compare the two options, the monthly costs look very different:

Option 1: Port + Top-up (£364,000 total):

• Ported mortgage: £186,000 @ 3.84% over 13 years = £1,516/month
• Top-up mortgage: £178,000 @ 4.6% over 25 years = £1,000/month
• Total: £2,516/month

Option 2: New Nationwide mortgage (from their own calculator):

• £364,000 over 25 years = £1,956--£2,190/month

At a like for like borrowing amount, the new mortgage comes out roughly £300-£550/month cheaper. My assumption was that porting would avoid early repayment charges and preserve the lower rate on the existing balance, but the monthly difference is a lot higher,

Am I missing something? I understand there could be early repayment costs if leaving the existing mortgage, so I need to take that into account.

How accurate are those calculators?

Appreciate any feedback.

I've fallen into a bit of a social media black hole of late with Instagram and I'm trying to claw my way out. Just deleted it and FB was deleted a few years back. Next step will be a Reddit break.

What non-social media websites do you go to on the regular? For hobbies, the news, learning something, just for the criac or whatever else.

I usually work from home but been dragging in for a meeting tomorrow and fancy some wings. Where should I go?

Oh and the meeting is to make me redundant. Woohoo!

Commiseration wings!

I started a new job back in March, and there were no pay issues in March and April.

In May, there was an issue with cash flow in the business. I was due to be paid at the end of the month, but I received 80% of my pay 7 days later and the remaining 20% 10 days later.  
We are in a similar situation with June’s pay, we have been told it will be 7 days late. And have been told we might have the same issue in July before the business stabilises in August due to investment coming in. 

I was a freelancer before taking this role, as I wanted more security. And we planned to sell our property to upsize to a bigger one as our family grows.

The plan was to put our flat on the market in June, but I’ve held off due to the pay issues. To upsize to another property, we will require a top-up mortgage. 

My question is, will these late payments be red flags for mortgage providers? Should I wait until cash flow stabilises? 

Frustrating situation to be in, as every time we plan to move forward with selling, something comes up. 

EDIT: I should have mentioned that I'm actively looking for a new role, but the job market is difficult at the moment.

Hi all, I’ve had the Coros Pacer 3 for over two months now. I wear it all the time, so it’s tracking my sleep nightly. 

I’ve noticed that it’s quite inaccurate at tracking my sleep. It will show long periods of being away. For example, last night it showed me twice as being awake for an hour each time, which I definitely wasn’t, and said I was awake before I actually was. I know this because my alarm woke me later than the watch said I woke. So it shows a Poor nights sleep.

I don’t really care about sleep tracking. I know if I’ve slept well without needing the watch to tell me, but I was wondering: do sleep metrics affect other metrics, such as recovery time? If it’s recovering from a bad night's sleep, it will say recovery will take longer. 

For me it's Stranded by Van Morrison. It gives me chilled summer feelings. Drinking in a beer garden of a quiet pub on a Friday evening after work when I was in my early 20s.