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Excel formula advice :)
Does anyone know a formula I can use in Excel to calculate how much I should pay per month to pay off a mortgage in a certain number of years. I used to the mortgage calculator on here (so I can't rejig the formula myself) to find out that I will pay off in 16 years (instead of 24), but I would really like to make it 10…
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Looking to be mortgage free in 10 years...
Hello all, I've bought my first house with OH last year and we have an outstanding mortgage of £100,000. The mortgage is for 25 years and hadn't thought much at the time about paying it off early however when reading through here it makes so much sense to do it and I can't believe the amount you can save just on interest…
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Mortgage Free - what now with deeds etc ?
I'm lucky to have just paid off the mortgage. :j What I want to know is, what happens next. Now I've phoned the bank (Barclays) to make sure the end transaction went smoothly but when I asked about formal documentation they were a bit vague. What documentation am I entitled to or should expect to receive ? I've asked for a…
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Soooooooooooo Wanna be Mortgage Free
Afternoon guys, I posted a diary I think quite a while ago but no idea where it went and so heres to a shiney new diary for me. I am 37 and married. We have no kids or pets (unless you count the fish in the pond). I have about £45000.00 left to pay on the mortgage and I want to pay it off by the time I am 40 so thats…
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End of Mortgage looming
Hi All As the title my Tracker is finishing and thats it, 25 years are up and i owe the Alliance Leicester 20k. Now i know its not a lot but my endowments are long gone cashed in and invested in isa's and a good move that was. I will have nearly reached the 20K target by end of November when its due in a separate instant…
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Pay off lump sum and incur an ERC or wait?
Hi all In a nut shell, I'd like to know if it's worth paying off a chunk (£30k) of my mortgage and incur the ERC which is 5% of any amount paid (in this case £1500.) OR wait 26 months until the deal ends and I go onto their variable and pay off what I want without incurring any charges. £124K over 23 years 5 year fixed at…
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Mortgage Free in 10 Years - My MFW Diary
Our Aim is to completely pay off my mortgage in 10 years. We bought the house in May 2010 and have lived there 1 year already, so we have 9 years left to go! The first year in our house was spent repairing, renovating and decorating and doing some overpaying. The remaining 10 years will be spent doing all three but with…
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Got two mortgage deals to choose from which would you go for?
..a two year lifetime tracker at 3.09% with Woolwich plus £300 cashback or 3.65% 3 year fix with ING Any ideas? I'm also wondering who is known for being a good lender to go with / flexible on things and or any horror stories? Cheers
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looking for a calculator
Hi Have been looking at overpayment calculators.Cannot find one that tell you what happens when paying a set amount each month. e.g. if mortgage is 200 per month but you paying say 250 every month -on first month overpayment would be 50 But every month after would be little bit more due to reduction in capital (51 second…
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Alternative housing for mortgage-free wannabes?
Hi, I am just wondering whether anybody has looked at alternative housing as a way of being mortgage free. I'm thinking along the lines of living in caravans, boats, or even unique self-builds like shipping containers. At the moment I am renting in London, however when I eventually move, I'm interested in what alternative…
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Which to pay off
Hi Everyone Have been overpaying my mortgage since I got my first house in 2007. I bought a 3 bed house, rented two rooms out and paid the income they gave me off the mortgage. Cleared 20k in 3 years :j This was when I was young, free and single. Wouldn't get a lodger now in my current life. Fast forward to now. Am now…
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The £100,000+ Mortgage Club
Hi, This may or may not be a good idea for a thread, but I thought it would be worthwhile having a thread where all the people with mortgages of at least £100,000 can keep everyone else updated and motivated to keep going. I'll try and keep this opening page updated with the details of everyones thread and outstanding…
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Battling the Interest Only Mortgage!
Hi All, I am very long time lurker on this board - I actually had a different user name but I'm not able to log on with it anymore as this site is case sensitive and my computer automatically inputs the wrong case ... and ultimately I'm not clever enough to work it out!! :o Anyway I find this board so inspiring so I…
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Mortgage free in 8 years
After watching this board from a distance, I have decided to start my own diary to increase my motivation. Here it goes.... Mortgage debt April 2007: £105,000 2nd August 2011: £87,250.23 No other debt (no c.card nor loans) current age: 35 current rainy day fund: about 5K interest rate: 4.99% currently overpaying by…
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when to pay off?
Hi there, I have an offset mortgage and am 2 payments from paying off my mortgage. However need help...when do I do it? If I have the same amount that I owe on my mortgage in my account do they stop taking my payment? or do I need to formally request a valuation and then pay off? I see that you recommend having 3-6 months…
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How much does your pet cost?
I see lots of people with dogs and cats, but how much does it cost to keep them, and more importantly, are they keeping you from becoming debt free? How much do you spend on yours?
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Starting the long road to mortgage freedom
There are some amazing stories out there. I bought our house in London in February this year. Not a fan of debt. Mortgage is huge £379000 on a house valued at £465000. Mortgage payment breaks down as £1800 = £1000 interest + £800 repayment. From month one started overpaying: £500 per month. Now increased to £750 per month.…
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A Gleaming Vision on the Hill of jordan 11 retro
Politics and architecture came into my discussions with Roberto Varela, Galicia's minister of culture and tourism, who is ultimately responsible for the successful conclusion of . So far the project has cost €240 million ($343.2 million), covering the cost of site works and the first four buildings. The total cost for…
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Mortgage and credit cards
I'm seriously thinking about getting a credit card to start paying for my mortgages. I have a number of buy to lets and a hefty mortgage on my own house. My reasoning for this is the high rewards I can get from the credit car company. I will, of course, pay off the credit card at the end of each month to avoid paying…
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made my first overpayment...
...and forgot to put my mortgage ref no on it so they refunded it to me!!!! ha ha oh dear, try again :D IDIOT!
