New year, new challenge! Only £108,454.91 to go!

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velocity_girl
velocity_girl Posts: 963 Forumite
First Post First Anniversary
edited 12 September 2016 at 9:11PM in Mortgage-free wannabe
..........
2018 wins: Aspinal of London jewellery box, Boudavida gym outfit, HP Pavilion laptop, The List party tickets, All Points East festival tickets, Kiehls moisturiser, By Terry cc serum, Nars Liquid Bronzer, Benefit highlighter, Nars illuminator, Fresh advanced lip trio set, Cetaphil sample set, signed copy of My Absolute Darling by Gabriel Tallent
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  • Secret_Saving_Squirrel
    Secret_Saving_Squirrel Posts: 4,138 Forumite
    Mortgage-free Glee!
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    Very good luck on your mission
    Paid off mortgage nine years early in 2013. Now picking and choosing our work to fit in with the rest of our lives!
    Still thrifty though, after all these years:D
  • greent
    greent Posts: 10,671 Forumite
    First Post Name Dropper First Anniversary Photogenic
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    Welcome and good luck with your journey :)


    x
    I am the master of my fate; I am the captain of my soul
    Repaid mtge early (orig 11/25) 01/09 £124616 01/11 £89873 01/13 £52546 01/15 £12133 07/15 £NIL
    Net sales 2024: £20
  • Mrs_E_3
    Mrs_E_3 Posts: 189 Forumite
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    Good luck on your journey
  • Tilly_MFW_in_6_YRS
    Tilly_MFW_in_6_YRS Posts: 7,833 Forumite
    Mortgage-free Glee!
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    Good luck with your plans. It's a really supportive forum and you'll get lots of advice and support.

    Best wishes, Tilly
    2004 £387k 29 years - MF March 2033:eek:
    2011 £309k 10 years - MF March 2021.
    Achieved Goal: 28/08/15 :j
  • Rambosmum
    Rambosmum Posts: 2,445 Forumite
    First Anniversary First Post
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    velocity_girl wrote: »
    Well, my partner didn't get the job abroad (or in fact, they have decided not to hire anyone at all until later in the year... They did say he was a preferred candidate and invited him to reapply if/when they re advertise). Feeling a little disappointed and a little relieved about that!

    Think we are both reassessing our priorities as a result. On the one hand we did some mortgage overpayment calculations and realised if we made the max OPs allowed every month, our mortgage would be paid off in 10 years :eek: I.e. Mortgage free at 37 and 44!

    Then my partner started talking about moving to a bigger place with 3 bedrooms however for when we have a baby :rotfl: Ahhhh. Basically I don't think we know what we want!

    Haha, you should just like me and DH. One minute we want to be mortgage free, the next a bigger house (and mortgage seems a good idea). I'm doing a regular overpayment of £30 a month, not much but DH is a student at the moment so we are on a reduced income, and then separate my savings in to mortgage overpayment and actual savings, then pay the mortgage overpayment savings off the mortgage if we decide to stay put (in 6 months), or use it to increase the deposit on the new property. I think I can have at least £2k to pay off at the end of that 6 months, hopefully more like £3k.
  • kirstypark
    kirstypark Posts: 771 Forumite
    First Anniversary Combo Breaker
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    Hi Velocity, you have already been on my diary and seen what happened to our plans to be mortgage free - but i still echo the overpaying method, we really would not have been where we are now without it. just wish we had started when we were your age.

    My gran used to say "Man plans and God laughs" Life is meant to get in the way of our plans. Just don't buy any VW campervans!
    mortgage 1 33,000. paid nov 2012 :D. mortgage 2 87,000 due 51,686.76 at july 2013, but then:new home and remortgage ... £101065.43:eek: now 74k
  • Luckyinlife
    Luckyinlife Posts: 1,613 Forumite
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    Still need to enjoy life as well as save pay off stuff so good work :]

    The regular saver will build up nicely at that rate :]
    Mortgage--- [STRIKE]£67700 March 15[/STRIKE] [STRIKE]£65221 April 15[/STRIKE] [STRIKE]£64983 July 15[/STRIKE] [STRIKE]£64780 sept 15[/STRIKE] Remortgage [STRIKE]£67295 oct 15[/STRIKE] [STRIKE]£66599 Nov 15[/STRIKE] [STRIKE]£65878.73 Dec 15[/STRIKE][STRIKE] £64834 1st Jan 16[/STRIKE] [STRIKE]Feb 16 £64,511.89[/STRIKE][STRIKE] March 16 £64,056.40[/STRIKE] [STRIKE]April 16 £62550[/STRIKE] [STRIKE]May 16 £62,396.20[/STRIKE] Feb 17 £60.800
    Emergency fund 23k
  • shangaijimmy
    shangaijimmy Posts: 3,796 Forumite
    Name Dropper First Anniversary First Post
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    Hi velocity, great read so far and you can really tell the enthusiasm (and weekly turmoil) starting your journey!

    I spent 45mins on the phone to HSBC on Friday trying to organise the same accounts (I was going for joint current and and ISA each). I couldn't believe the interrogation when Halifax rewards x3, TSB x 2 and nationwide were all quick and 21st century online!

    I was amazed at how it felt uncomfortable talking about finances, especially after our recent remortgage when I did it all myself online!!

    I'm sure it'll be worth it though and the bonus interest is just free money to attack our banks with for overpayments!
    MFW: Was: £136,000.......Now: £61,892.24......
    Mortgage Neutral Deficit: £43,082.90... Mortgage Neutral Savings: £18,809.34
    MFiT-T6 #13 - £3,517 of £15,500 (22.69%)
    1% Mortgage Challenge 2022 - £157.59 of £650
  • shangaijimmy
    shangaijimmy Posts: 3,796 Forumite
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    Think I'd lose the will to live if we have to go in. Fingers crossed yours is smooth visit and mine non existent
    MFW: Was: £136,000.......Now: £61,892.24......
    Mortgage Neutral Deficit: £43,082.90... Mortgage Neutral Savings: £18,809.34
    MFiT-T6 #13 - £3,517 of £15,500 (22.69%)
    1% Mortgage Challenge 2022 - £157.59 of £650
  • kirstypark
    kirstypark Posts: 771 Forumite
    First Anniversary Combo Breaker
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    That flat looks lovely..I wonder how much it would be worth now?
    mortgage 1 33,000. paid nov 2012 :D. mortgage 2 87,000 due 51,686.76 at july 2013, but then:new home and remortgage ... £101065.43:eek: now 74k
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