2009 MF Wannabe's

jess444_2

Hi,

I have recently become mortgage free so now need to start on the mortgage. I suppose we have been overpaying for quite a while, as we reduced the term so that it would be paid off by the time OH retired. He has now been offered early retirement and plans to finish work in the Spring next year.
The mortage is in 4 sub accounts as follows -

sub acc 1 - £17,062. 17

sub acc 2 - £2,448.80

sub acc 3 - £9,754.18

sub acc 4 - £13.911.50

Total - £42.137.65

I have been told I can pay up to double payments on acc 1 , 2 and 3 without incuring a penalty and as much as I want off 4. However, 4 has the lowest interest rate at the minute so will prob leave that for now.

I think my first plan is to arrange to pay double payments on sub acc 2 as that is the smallest.

Jess

cake21

Well done everyone :beer: and welcome to jess444 and Hurdler

I know there are a couple of months to go, but I've started thinking about next year already, partly because I'm itching to start the overpayments again (putting it away in an ISA or whatever doesn't work for me, I just get it out again and spend it :rotfl:) and partly because I need motivation to stop buying extra christmas presents

So...is there a MFW 2010 thread somewhere? Or is someone is keen to start one? And if not, shall I start one?? (wouldn't be nearly as good as Zavarony's great thread, but better than nothing hopefully )

pollys

NO 75 Checking in November overpayment went out today so the balance is now under £25000:j. Not made a start on Christmas shopping or DD 18th yet, this might limit our overpayments for the remainder of the year.

Good Luck Everyone.

financialbliss

cake21 wrote: »

So...is there a MFW 2010 thread somewhere? Or is someone is keen to start one? And if not, shall I start one?? (wouldn't be nearly as good as Zavarony's great thread, but better than nothing hopefully )

If anyone is up for a three year challenge, then the Mortgage Free in Three - Take 2 (MFiT-T2) is still open to join for a further 41 days...
http://forums.moneysavingexpert.com/showthread.html?t=1402631

Financial Bliss.

cake21

financialbliss wrote: »

If anyone is up for a three year challenge, then the Mortgage Free in Three - Take 2 (MFiT-T2) is still open to join for a further 41 days...
http://forums.moneysavingexpert.com/showthread.html?t=1402631

Financial Bliss.

I'm signed up for this, certainly won't be mortgage-free by the end of it but I'm aiming to be half-way there :j

financialbliss

No. 169 reporting in for November.

Automated overpayment of £201.97 has been collected today. This means year to date, I’ve made £2,321.67 in overpayments. Not anticipating making any further overpayments this month.

Was aiming for a 2009 target of £3,800, but I’ll not achieve that now. Still, we’re making good progress into the mortgage despite only having one income in the household.

Keep up the good work everyone!

FB.

glitterball

No 239 reporting Octobers overpayments

£3500 Target /£433.56/ £4385.08

zavarony

Hurdler wrote: »

Hi there... I'd like to join.

My statement is due any time now, so I can update my posts with the details then if that's OK.

I think for the time being I'm going to be a bit of a mortgage nibbler... but hope I can still join here/stick around for next year!

Hi Hurdler, sorry its taken me a while to add you, but you now have a shiney number of your own,

Your very welcome to nibble all you like so good luck with the OP'ing and welcome to the club!

zavarony

Hurdler wrote: »

Hmmm... I'm guessing by the non-response then, that it's too late for me to join...

Hi hurdler - Just so you dont think Im being ignorant, I only get on here to update a couple of times a month, it takes such a long time, I check up every couple of days but thats just to keep me motivated!

You know what its like, what with work...kids...college..pets ..husband etc etc etc times just not my own!

Any how, if you PM me I will always add your payments on just might take longer that you think :rotfl:
Zav

zavarony

cake21 wrote: »

Well done everyone :beer: and welcome to jess444 and Hurdler

I know there are a couple of months to go, but I've started thinking about next year already, partly because I'm itching to start the overpayments again (putting it away in an ISA or whatever doesn't work for me, I just get it out again and spend it :rotfl:) and partly because I need motivation to stop buying extra christmas presents

So...is there a MFW 2010 thread somewhere? Or is someone is keen to start one? And if not, shall I start one?? (wouldn't be nearly as good as Zavarony's great thread, but better than nothing hopefully )

Hi Cake,

If your up for It I'd be real grateful for you to take it over..... Its a major commiitment with over 300 on the list!! But the best motivation ever to keep going with the OP's ......

Its definately time to start making plans and I feel like Ive become a bit neglectful, but got loads on at the mo so I suppose somethings got to give .... right?:rolleyes:

ANyhow if your up for it that would be great and I will be back to one of the gang reporting in to you (might remember to update my totals :rotfl:)

Let me know what you think
Zav