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Another MFW!
kittykat
Posts: 81 Forumite
Hi there
We managed to pay off just over 40k during 2008....
2009 will see us earn substantially less, but we still aim to overpay 20k. A regular overpayment of £518 starts in Jan, and any spare cash will go against the mortage rather than into savings. We are on a rate of 2.17% at the moment - but this ends in November 2009.
Here's hoping acheive our aim!
We managed to pay off just over 40k during 2008....
2009 will see us earn substantially less, but we still aim to overpay 20k. A regular overpayment of £518 starts in Jan, and any spare cash will go against the mortage rather than into savings. We are on a rate of 2.17% at the moment - but this ends in November 2009.
Here's hoping acheive our aim!
Now MORTGAGE FREE 
Mortgage at start of MFW Journey... £203,000
Paid in full March 2011 - onto the next venture now which is 2nd home in a sunnier place
Mortgage at start of MFW Journey... £203,000
Paid in full March 2011 - onto the next venture now which is 2nd home in a sunnier place
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Comments
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Hi KittyKat
Well done you, that's a fantastic achievement. :j :j
Good luck with your 2009 plans. Have you joined the 2009 MFW thread that Zavarony is running?MFW Start Date 1.4.08. Updated 23.1.18. MFW date 1.8.18
Original Mortgage o/s £187,643 / £71,904 (-115,739)
Repay o/s £92,661 / now £55,900 (-36,761)
Int Only o/s £94,982, now £16,004 (-78,978)
Total daily interest £1 [a) £0.77 b)£0.23
Total OP's:2018 target £TBC YTD £1,9950 -
Just popped in to say hello and good luck with your challenge
And what a fantastic acheivement in 2008Mortgage Aug 12 £165K, Aug 19 £0
ISA challenge start 2019 £3000/£1500 (50%)0 -
Good luck with your challenge :j. Even with a reduced income you will benefit greatly from last year's OP's as so much more of your payment will go to reducing the capital :jA positive attitude may not solve all your problems, but it will annoy enough people to make it worth the effort
Mortgage Balance = £0
"Do what others won't early in life so you can do what others can't later in life"0 -
and well done 0 -
Thanks for all your good wishes and messages of support!
We are on target for £518/month and any extra cash we can find...
I have a meeting with my new boss on Wednesday to resolve a dispute over some unpaid bonus money.... which will hopefully result in another lump sumNow MORTGAGE FREE
Mortgage at start of MFW Journey... £203,000
Paid in full March 2011 - onto the next venture now which is 2nd home in a sunnier place0 -
Hello and good luck with your 20k aim!
I am very jealous of your 2.17%.
Currently studying for a Diploma - wish me luck
Phase 1 - Emergency Fund - Complete :j
Phase 2 - £20,000 Mortgage Fund - Underway0 -
Kittykat,
Good luck with your MFW goal, you're certainly going in the right direction.
Keep your diary updated, they are a great read and an inspiration to others
hughMortgage :- Jan 2008 £56000, August 2012 £ 0
Target :- 1 Apr 2010 £20000... ACHIEVED
Whiskey bottle £279 banked. Mortgage Pikachu £2 + 50p £1920 banked
Mortgage Free In Three No. 113
Mortgage free date, 30 July 2012 :j:beer:0 -
Hello and good luck with your 20k aim!
I am very jealous of your 2.17%.
Thanks - combination of a very good mortgage broker, and a really good deal on offer from C&G when we remortgaged!!Now MORTGAGE FREE
Mortgage at start of MFW Journey... £203,000
Paid in full March 2011 - onto the next venture now which is 2nd home in a sunnier place0 -
Well done, that's a fantastic achievement!
What a great rate too & I thought mine was good at 2.74"Every time you feel yourself getting pulled into someone else's nonsense, tell yourself: Not my circus, not my monkeys." - Mark Borkowski.
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We have 2.57% - maybe another drop later today too if Merv's feeling generous...0
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