The Mortgage Free in Three - Take 2 challenge (MFiT-T2)

black_taxi_2

the size of o/p isnt the point really

you could be paying £1200 a month--£10 o/p

or £610 a month--£600 o/p

Superfast_Gran

That's right BT. It's the fact that you are making overpayments when and for as much as suits you. At the end of the day it means that you're that little bit, or whatever, closer to being MF. That's the ultimate goal!

black_taxi_2

first payment of 2011 went thru today :j

£1113

abouttimetoo

Well done black taxi, I've got another 13 days before I can get my frist OP fix of the year

RosieTiger

RosieTiger wrote: »

On the spreadsheet difference to lenders actual, that would drive me mad !!!!! We have so far always had it the other way, but I think they were wrong last time so hoping for something less than our sheet says next time we check so crossing fingers!

Real figures from the lender have us at £65,998.63 - which makes a HUGE difference to the £66,051.71 our sheet said.
Glad I resisted the temptation to OP the £51.71 :rotfl:

On a sadder note, I have just made the smallest OP we have ever made - a £1 received from Quidco.

Can anyone top that ????:rotfl:

mortgagenomore_2

Yes i paid £0.36 pence to mine to round the figure up :rotfl:

tattycath

I always try to pay £10 or more when i over pay, because it's always in the back of my mind that they might charge me a surcharge for payments under a set amount...no rationale to it, just how i am I guess.

Kaz2904

I've made payments of 17p before now. Whenever I used vouchers for anything, I always put the money against the mortgage. I also start collecting roadkill and putting that in there. The way I worked that was by putting the roadkill in a jar and using it when we need bread or milk from the local shop. That then gets paid off online. Or by using the self checkout at Asda and shovelling pounds worth of coppers into the machine. That then gets paid off.
I also have a little money box in the kitchen and any money that I find in pockets or the washing machine or TD gets put in my money box. I've told everyone that I consider it my wages for doing the washing. DS gave me about £3.50 over 3 days once which I then felt I had to give £2 back as I remembered that it was in MY pocket when it went in the wash. That would have been a little harsh wouldn't it espescially as he was trying to save up for a Dr Who magazine and he was only 6 at the time!
Keep on with the successes everyone. We'll get there in the end!

hoobydoobydoo

I've just realised that my remaining balance is LESS THAN HALF of what I started with - yippee!

(I still have a mortgage of £115197.48, but for the purposes of this challenge I will be MF when the Further Advance has been paid off. No doubt there will be another challenge I can join to clear that in the future......)

Best wishes everyone
Hooby

Jock_Tight

We have just paid £1284 off the mortgage in a bumper overpayment to kick start 2011 :cool:

This was made up of
£704 planned January overpayment (based on spreadsheet calculations to achieve MF by Dec 2012, came from savings)
£235 spare cash we had for December as majority of Xmas presents were bought throughout the year.
£130 worth of Bank of Scotland £5 rewards accumulated during 2010
£215 from coin pot accumulated during 2010 (£170 in 20p's, £30 in 5p's, £9 in 2p's, £6 in 1p's.......took two of us to carry to the bank as was quite heavy!!)

This has brought the mortgage balance down to £23,995

Cheers,
Jock