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MFW - Remortgaged for 15years aiming for 11 years

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Currently remortgaging with Woolwich - life time tracker boe +1.99, for 15years.

Plan is to over pay £5k per year & reduce term to 11years.:j

Well thats the plan, will update you on how it goes.

Comments

  • Good luck - keep us posted :)

    Topaz
  • SmlSave
    SmlSave Posts: 4,911 Forumite
    Part of the Furniture Combo Breaker
    Hello - and good luck - do you have an action plan as yet on how you're plannign to OP?
    Currently studying for a Diploma - wish me luck :)

    Phase 1 - Emergency Fund - Complete :j
    Phase 2 - £20,000 Mortgage Fund - Underway
  • plan is to OP £300 per month & a lumpsum at the end of each year as a share save matures....
  • StuartGMC
    StuartGMC Posts: 2,175 Forumite
    Good luck in your plan. I look forward to your diary which I think you'll find is useful for you to "publicly" declare intentions and air your thoughts or questions with the great people on this board.
  • Welcome aboard! Looking forward to seeing your progress as you go along. If you're looking for ways to cut your costs to aid the OP's then you might find the OS board helpful too. Agree with Stuart's comments too - this board is a great "sounding board" and I think you'll find the diary really useful.
    🎉 MORTGAGE FREE (First time!) 30/09/2016 🎉 And now we go again…New mortgage taken 01/09/23 🏡
    Balance as at 01/09/23 = £115,000.00 Balance as at 31/12/23 = £112,000.00
    Balance as at 31/08/24 = £105,400.00 Balance as at 31/12/24 = £102,500.00
    £100k barrier broken 1/4/25
    SOA CALCULATOR (for DFW newbies): SOA Calculator
    she/her
  • waughc01
    waughc01 Posts: 61 Forumite
    thats the journey started.
    1st OP made & standing order now set up.

    Although the Halifax could be more helpful and allow me do do it with on-line payments:mad: .

    Will let you know how i get on.......
  • mirrorimage0
    mirrorimage0 Posts: 3,918 Forumite
    i just tried to do it online with halifax through my online banking but couldnt, how did you do it
    now proud mum to 3 handsome boys :j latest one born 10/10/11:j
  • waughc01
    waughc01 Posts: 61 Forumite
    I had to contact the customer services team & do it over the phone......
  • setmefree2
    setmefree2 Posts: 9,072 Forumite
    Mortgage-free Glee!
    45214472.welcome.gif and goodluck1.gif
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