How big is your current mortgage?

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skaps
skaps Posts: 2,255 Forumite
edited 15 February 2010 at 6:19PM in Mortgages & endowments
Was just wondering what size mortgages other people had, as i have not noticed anyone on this forum with a mortgage as big as mine. Also i wanted to find out if anyone else is overpaying and what tips you have to do this, as i want to reduce my term as much as i can.

Here are my details:

Mortgage taken out: £234000
Term: 30 years (29 years left - but am overpaying at the moment in order to reduce this)
MFW 2016 No 68 £1300/£8500 No new toiletries Cook sth different

How much was your current mortgage when you took it out? 217 votes

under £50,000
14%
DumyattanithPobbywymondhamxxdeebeexxmotch[Deleted User]din_donspoppyoscar_3clairewpMyRubyRedglobaldseco1ubthriftyChyna-sPhlikdane-katieGrebeSandCMister_aaa 32 votes
£50,000 - £99,999
32%
irwaitebagpuss1965elmerhornetgirljensterforeversummerRikkikriss_boyFoggymadhousexnikkixelwistuaemmielouSalsaDancaSilkysoxAztecsilverkustardKavanneIonkontrolsuey2 70 votes
£100,000 - £149,999
26%
steve237DilfredmavelideefadogCreditcardkidJem8472scrounger_2dadrockfesterharemolitmoominyakhatvangazza975526570medic1978marshallkaIslemanSpangledytfcmad02sknmellowtimes 58 votes
£150,000 - £199,999
13%
wobblegobblejoebmckegs_2dreamalittleRosie75tashlovestosavemclaren32mitchaacake21captainhaggisgreggymagicBecBlueC4Radiantsoulstingy_rachsuisidevwclearing_out_my_pocketsah7386danielanthonyJasXhappyrichard 29 votes
£200,000 - £249,999
4%
bluekpKingsd316TrickyDickyMummy_to_LilyutopiahkmmrstueyhantsskapsCatieB 9 votes
£250,000 - £299,999
3%
RaggieMBMNewLeaf_2heating-engArchleverthumper1970joolleyian21 8 votes
£300,000 or over
5%
louisdogbegbeerlifebeginsbijouinnuendoNonshyPete111plum44_2pwllbwdrCharterhouseSamtobukJA1000 11 votes
«13456

Comments

  • hughmungas1986
    hughmungas1986 Posts: 154 Forumite
    Mortgage-free Glee!
    Options
    £50,000 - £99,999
    We remortgaged at the start of 2006, taking out a £ 71000 over 25 years, we remortgaged again in Jan 2008 taking out a £56000 over 14 years.

    We now owe just under £21000 and are hoping to have it paid off at some point next year.

    hugh :beer:
    Mortgage :- Jan 2008 £56000, August 2012 £ 0
    Target :- 1 Apr 2010 £20000... ACHIEVED
    Whiskey bottle £279 banked. Mortgage Pikachu £2 + 50p £1920 banked
    Mortgage Free In Three No. 113
    Mortgage free date, 30 July 2012 :j:beer:
  • LilacPixie
    LilacPixie Posts: 8,052 Forumite
    Options
    £50,000 - £99,999
    i own just over 50k, £50267.21 to be precise. 17 years 4 months to go. We are selling yup soon so who knows once that happens.
    MF aim 10th December 2020 :j:eek:
    MFW 2012 no86 OP 0/2000 :D
  • Intergalactic_Floozie
    Intergalactic_Floozie Posts: 1,600 Forumite
    Options
    £50,000 - £99,999
    Mine is just short of £81k at the moment with 22 years left on it. I intend to start overpaying when I finally get my debts paid off *laughs hysterically*
    Start Date: 27/11/2010
    Padding: Day 42
    Target £8000
    Amount: £562.23
  • hillcats
    hillcats Posts: 899 Forumite
    Photogenic First Post First Anniversary
    Options
    £50,000 - £99,999
    All details as shown in signature below.
    ORIGINAL MORTGAGE AMOUNT £106,454.00 (Started Sept 2007)
    NOV 2021 O/S AMOUNT £1,694.41 OUR DEBT REDUCED BY £104,759.59 by std regular, over-payments & off-setting.
    BofE +0.19% Tracker Repayment Offset Mortgage Discounted Sept 07-10 then increased to BofE +0.62% until 2027
  • eco
    eco Posts: 1,147 Forumite
    First Anniversary Combo Breaker
    Options
    under £50,000
    I owe 41,000 with 13 years and 11 months, only over paying £70 a month at moment, i'm determined to pay it off sooner.
  • MyRubyRed
    MyRubyRed Posts: 941 Forumite
    Options
    under £50,000
    £16K with 8 years to go
  • Alisonb1975
    Alisonb1975 Posts: 68 Forumite
    Options
    £50,000 - £99,999
    £61,000 - 10 years to go.
  • joolley
    joolley Posts: 100 Forumite
    Options
    £250,000 - £299,999
    New mortgage for new house £296k over 20 years but will continuing with overpayments. Starts in June. Previous mortgage for house just sold was £145K with 11 years left.
    Keep it simple and you will find the middle way.
  • mummyofonechild
    mummyofonechild Posts: 1,995 Forumite
    First Anniversary Combo Breaker Mortgage-free Glee!
    Options
    under £50,000
    Took out mortgage of £25000 in 2002, originally due to be paid off in 2017. We now owe £9500 and hope to be mortgage free at end of 2012.
    Mortgage Free as of 31/5/11 :j:j:j:j:j:j:j
  • golfiematt
    golfiematt Posts: 275 Forumite
    Mortgage-free Glee!
    Options
    64k with 20 years left i think! looking better now though!
    Mortgage free:beer:

    [/COLOR]
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