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First Over Payment
planemad
Posts: 569 Forumite
I have joined the MFW club today!! :beer::beer::beer:
My wife and I have had our mortgage for a few week now and have made our first over payment on the mortgage today of £1k.
The money went from my account and was applied instantly to the mortgage account via the faster payment system so the interest is reducing immediately.
Can't wait to make many more over payments and get the interest down.
My wife and I have had our mortgage for a few week now and have made our first over payment on the mortgage today of £1k.
The money went from my account and was applied instantly to the mortgage account via the faster payment system so the interest is reducing immediately.
Can't wait to make many more over payments and get the interest down.
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Comments
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Well done you two!
I made a £1200 earlier in the year, it's a great feeling.
A few years ago we used to overpay £50 a month but had to stop when hubby had his accident. So it felt great to have saved the £1200.
Keep up the good work! :beer: :beer:I’m a Forum Ambassador and I support the Forum Team on the Old style MoneySaving boards.
If you need any help on these boards, please let me know.
Please report any posts you spot that are in breach of the Forum Rules by using the Report button, or by e-mailing forumteam@moneysavingexpert.com.
All views are my own and not of MoneySavingExpert.com0 -
Well done! Keep up the good work.Biggest Loser Weight Loss: 13 / 20 lb0
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this is hopefully what i will be doing once i have managed to get my debts down
congrats tho hope you make many moreDFBX 2014#154 - £64350 -
Oooh, congratulations!!!! I hope to be in your position this time next year :j . As soon as my last debt is paid off (by Xmas) and my wedding, I can't wait until my first overpayment
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Congrats!! I hope to do this too from January 09! Well Done.You can stand there and agonize........
Till your agony's your heaviest load. (Emily Saliers)0 -
Thanks for all the support, its nice to know that other are doing it to and working to be mortgage free.0
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Well done. Do you have a MF date in mind??MF aim 10th December 2020 :j:eek:MFW 2012 no86 OP 0/2000
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LilacPixie wrote: »Well done. Do you have a MF date in mind??
Five Years doing a £1500 over payment per month and a 10k overpayment in Jan 09.
I can be mortgage free before I'm 35.:beer:0 -
Blimey well done ..
I felt good managing a grand and only managed that one in one go because I had stoozed £7000 so had the cash up front ..Otherwise it is month by month whatever I have to spare ...but it feels good knowing your knocking a big hole in the repayments.0 -
Wow Well Done - what a difference it will make!!
Princess
xNewly Married:rotfl:, Soon to be qualified:T, Things are looking UP, Just need to get this debt DOWNCredit Card Debt 07/02/2013 - £3965Loan 07/02/2013 -Wedding Debt 07/02/2013 - £1243Owed to Parents 07/02/2013 - £54950
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