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2 mortgages
Mortgage 1 - £35k outstanding, 2.52% till July 2026, 15 years left on mortgage. Natwest. Mortgage 2 - £159k outstanding, 4.29% till 30 April 2026, 19 years left on mortgage. HSBC. Both mortgages are below 60% LTV. I can afford around £800 pet month to overpay. How would you prioritise overpayments?
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After mortgage freedom
I am posting near the finish line. By april next year I should be mortgage and credit card free A little about me I am 42, husband 48. 2 kids who are 9 and 12. Husband is a sahd Bought first house in 2007 with 109k mortgage. Moved out in 2010 to house 2 and got a new mortgage of 125k in addition to keeping house 1 and…
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Massive Wannabe
I have been on MSE for yonks but always lurking around in the background. I spent several years on a DMP, eventually managing to clear the lot (was around £60k) which is probably the hardest thing I have ever done and one of my proudest achievements! I bought my house four and a half years ago now and my mortgage renewal…
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So now what?
We cleared debt of £ 64,346.53. We cleared a mortgage of £118k. So now what? We need to get saving and making the most of our money. Half of us is retired. The other isn’t working but may well have to (and possibly wants to) return to work in two years time. I find posting here keeps me super focussed so I am going to be…
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1% MF challenge
Welcome to the 1% MF challenge. Your mission, should you choose to accept it, is to try and clear an extra 1% off of your mortgage in 2022. Why 1%? When faced with a debt that ends in several 000s, overpayments can feel like a drop in the ocean. Maybe you've been OPing for a while and feel like there is little left to…
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House Renovated now to Over Pay
So I've finally finished the major renovations and paid off all debts apart from the Mortgage, so now it's time to tame the mortgage beast. I currently have around 21 years left with £153k at a rate of 2.19%, around 4 years left on my fixed mortgage product. For the last 6 months I have been OP around £200 a month, my aim…
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Mortgage free dreamer
Hi All, I've often visit the forums and dream of being mortgage free before I am 40-45, over the last few years I've really concentrated my efforts on clearing what little debt we have an focus on overpaying as much as I can. Bit of background - I'm 32, earn approx £30k p/a (full time) OH - Also 32, earns approx £11k p/a…
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Ten Year Countdown
I got my first mortgage in September, £162,000 over 20 years at 4.84%, fixed until April 2029. Ten years because....hubby reaches SPA then and I am hoping to be in a position to work less and spend some of his retirement with him. A lot can happen in ten years, it's likely that my dog will be no more :'( and I may have…
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Saving, Living, and Ditching the Mortgage
Hey everyone! Long time lurker. At my lowest I was here reading the SLLM posts hoping one day I will have my own mortgage and staying strong letting money sit and grow. These days I have my own mortgage on a lovely flat in a lovely city, almost half way through my 5yr fix now. Want to tackle the mortgage but hardly have…
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That 25 year interest-only mortgage...
It's not seeming such a good idea over 21 years on! 21 years ago DH and I moved in together and rented out my old flat. Two kids later, one now a teenager, and DH retiring, we realise we forgot to pay it off .. and we'll have much less of a choice if we remortgage while he's retired. So we have a bit more than 3 years to…
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Mortgage overpayment
Hi all, I’m sure this has been asked many times, but I’ve searched the forum and can’t find anything. For about 10 months or so we’ve been overpaying on our mortgage to the tune of about double. I noticed the overpayment detail on my account recently and we’ve only been reducing the balance and keeping the term, as opposed…
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Download title deeds after update, is it immediate or do I have to wait?
Hi, Two days ago I repayed the mortgage and now I've received the alert of activity from the Land Registry. If I download the title today will it contain the removal of the charge or do I have to wait a few more days? The alert reads "activity", not "update".
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SLLM (Single Lady Large Mortgage)
Hello all SLLM - single ladies with large mortgages or single ladies who have previously had large mortgages or single laddies in the process of getting a large mortgage! So if you are a lady and own your own house then yes this is for you. Yes I could not resist it any longer. Ladies large mortgage is a loose term so if…
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Settlement before or after the last installment?
Hi, I'll close the mortgage on the 24th of June with a final overpayment. I have the feeling that the settlement preview that I'm seeing isn't taking the last installment into account. Is it better to ask it after the last installment? Thanks
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Interest and extending term of mortgage
Please can somebody help with a something I am struggling to
get my head around?! I am due to remortgage at the beginning of 2026. I'm currently
considering a 2 year fix. My current mortgage has a low rate of 1.33% and has a term of 13
years left to run (and I have about £190,000 left to pay). I have also been saving funds…
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Courgette's Go Big or Go Home Diary
Hello my friends! Soooooooooo, there I was last week just chatting to my sister and she mentioned that her and her husband are currently paying £1400 a month on their mortgage. "It's totally awful" she said, "It's more than I even earn at the moment", "this is why I'm selling stuff on Vinted for £1 rather than giving it to…
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Daring to Dream: Mortgage Free by 63
Hello and welcome to my new thread. I'm graduating myself from the Debt Free Diaries board, where I have been on and off since 2017. I am about to embark on the next stage in my building wealth journey - becoming mortgage free! I successfully paid off all my debt back in 2019 and, having taken a hiatus from MSE, returned a…
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Life in our forever family home and the mortgage that came with it
So having changed a number of aspects in my life over the last 12 months, as well as gaining some new perspective on account of being happier; i decided it was time to start a new diary. I contemplated using my old diary until the new year but already so many things are different now that i chose to just do it now instead…
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Singleton, low income - How to be MFW?
My outstanding mortgage is £11,500 and my mortgage deal is base rate plus .5% I pay £200 a month which is manageable while I’m in work. If things continue as they are my mortgage will be paid a year or so before I retire. I live alone and work for a health charity four days a week, which means my income is relatively low.…
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Overpayment question
Back in a position where I can over pay my mortgage... my question is - does anyone make an overpayment with a different account to what there mortgage comes out from? I want to overpay using my sole account, mortgage payments come out from the joint account. Thanks in advance! 😀
