2018 Mortgage-Free Wannabes

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  • hiddenshadow
    hiddenshadow Posts: 2,525 Forumite
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    pinkfluffybabe wrote: »
    Can I join please?

    I'd like to aim for a £2000 overpayment in the first instance.

    Welcome! You're #180. :)
  • kerry90_2
    kerry90_2 Posts: 24 Forumite
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    Hello, #51 here. First OP of 2018 made and it's £500.28.
    I've had a look at finances for the year and would like to up my target please, back to £10,000 which was the target last year. Gotta be ambitious right?!
    Starting mortgage (Sep 2016): £314,124.00
    Current balance (Oct 2018): £267,400.00
    2018 OP so far: £14233.27/[STRIKE]£10,000[/STRIKE] £14,000
  • icklehelen
    icklehelen Posts: 355 Forumite
    First Anniversary First Post PPI Party Pooper
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    Hello and HNY everyone!

    I have decided to start with the same target as last year of £2500. Mainly as I am so unsure of what is happening this year with my job. I am hopeful that I will be able to amend it later in the year when the dust has settled.

    Just transferred my first OP of 2018 (to round the balance to a nice round figure!)

    So #6 £14.66 so far :D
    Total OPs 2012 - 2019 £39744.75
    Target 2020 £18500/£18500
    01/05/2020 MORTGAGE FREE
    MFiT-T4 #03 MFW2019 #3
  • rogue999
    rogue999 Posts: 170 Forumite
    First Anniversary Combo Breaker First Post
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    Hello - #170 checking in with my first OP of £100 made today by DD along with my regular monthly payment. Hoping to get another one in later this month if funds allow.
  • benmclaughlan
    benmclaughlan Posts: 51 Forumite
    First Anniversary Name Dropper Combo Breaker First Post
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    #87 could I set my target at £18000 for 2018. Please hiddenshadow. Thanks for organising this thread really helps with motivation.
  • Chutney86
    Chutney86 Posts: 307 Forumite
    First Anniversary Combo Breaker
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    #93 with an overpayment of £279.13 for January

    Thanks hiddenshadow :)
    SPC #23 - 2015 = £319.60 / 2016 = £315.50 / 2017 = £490.75 / 2018 = £295.50 / 2019 = £267
    MFW #93 - 2017 = £1942.84/£1900 / 2018 = £8591.23/£9050
    MFiT-T4 #28 = reduced mortgage from £109,000 to £77,000
    MFiT-T5 #34
  • mypegasus
    mypegasus Posts: 9 Forumite
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    Please can I join the 2018 MFW.


    I am #126 from 2017 and would like to keep that number if possible.


    I would like to set myself a target of £3,500 overpayment for the current year - am planning on getting work done to the house so possibly won't have a lot of spare pennies to overpay.
    Thank you
  • originalmiscellany
    originalmiscellany Posts: 1,655 Forumite
    First Post Combo Breaker First Anniversary Mortgage-free Glee!
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    January 2018 over payment made: £500. I managed that amount every month last year, but when I switch mortgage I'll cut the overpayments, therefore I've set a target of 6 months at this, which will be an approximate date of mortgage change I think :) Happy new year to y'all
    Feb 2012 - onwards MF achieved
    September 2016 - Back into clearing a mortgage - Was due to be paid off in 32 years in March 2047 -
    April 2018 down to 28.00 months vs 30.04 months at normal payment.
    Predicted mortgage clearing 03/2047 - now looking at 02/2045
    Aims: 1) To pay off mortgage within 20 years - 2037
  • michelle09
    michelle09 Posts: 912 Forumite
    First Anniversary Name Dropper First Post
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    #84 (still keen to move up if there's a space for it?) with an OP of £1.32. Every little helps, right?
  • Theydontmakeiteasytosave£
    Theydontmakeiteasytosave£ Posts: 11 Forumite
    First Post First Anniversary
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    Is this thread for mortgage advice or purely overpayments?? New to this site and finding my way around it. I'm not great with numbers so any helpful advice appreciated.

    My question is related...out the options below which seems like the better option to you. I do have savings that were going to be use for a new bathroom but could put it towards the mortgagefor option 2?

    House value £170,000
    Current mortgage £130,746
    Re-mortgage offering upto £129,500 only. I'm just under the 75% for lower rates.

    Option 1 – Keep the borrowing at £129,500 and switch to the 85% Loan to Value product of 2.05% fixed rate until 31/03/2023 with a £999 Product Fee which can be added to the loan and monthly payments of approx.. £475



    Option 2 – Stay with the 1.90% 5 year product and reduce the borrowing to £126,500 plus £999 Product Fee this would mean you would need to pay about £3,500 along with the £126,500. Payments of approx...£455.
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