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  • FIRST POST
    • skye blue
    • By skye blue 17th Mar 17, 8:12 PM
    • 96Posts
    • 424Thanks
    skye blue
    Planning for the next chapter
    • #1
    • 17th Mar 17, 8:12 PM
    Planning for the next chapter 17th Mar 17 at 8:12 PM
    Hi

    Newby here, please be kind

    Read loads of threads and have decided to step up to the mark and set myself some targets

    With all the talk around retirement, pensions etc going around its made me think!

    I have 6-7 years to my retirement, small pension but my mortgage is interest only changed after being off work for a year due to illness a while back and could never afford to change back to repayment. Have asked if i could part part repayment but was told no. Cant change providers as i wouldn't pass all the new criteria now.

    Im on a dmp for another two and a half years and i keep putting it up every few months so its hopefully coming down quicker

    Have about a months salary in savings which i add £10 to each week but as its earning little interest im starting to overpay the mortgage. So ive managed £300 this month

    Do you reckon im on the right track? I know i probably can't pay it all back but it saves interest and probably gives me more choices if i need to sell later. I do not have a partner so just my wage to do this

    House value £115,000 owe £75,000

    Thanks for reading
Page 3
    • skye blue
    • By skye blue 8th Sep 17, 8:18 PM
    • 96 Posts
    • 424 Thanks
    skye blue
    Hi guys

    £440 paid so far this month, i think i can stretch a few £'s more to overpay but having a few minor jobs done at home this weekend so i'll wait and see first

    Payments can be paid up to 10 days before next time payment is due so think i'll try and find another £60 - make it up to £500 this month, that would be good

    Enjoy your weekend folks
    • skye blue
    • By skye blue 15th Sep 17, 8:49 PM
    • 96 Posts
    • 424 Thanks
    skye blue
    Hi guys

    weekend again yeah!

    managed to find an extra £115 so a good month of over payments for me, happy with this

    think that will be all i can managed till after pay day now but you never know
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