Dreams can come true

RosieTiger

What agreat story - congratulations to you !

Radish72

Congratulations, you must feel over the moon (happy for you and a tiny bit jealous)

Tesco_points_addict

:j :j :j Well done you, I hope to be in the same boat in 65 months:j :j :j

TPAx

Desperate_Housewife_2-2

congratulations shineon!

Its amazing how quickly the balance can be reduced with just seemingly small adjustments to lifestyle. I am looking forward to the day when we will be mortgage free too.

Must say though, we did ok out of our endowments when we cashed them in and made some money on them but we timed it right. They are rubbish now though so well done for getting rid.

Enjoy your hols!

Ed_Zep

george_jetson wrote: »

MF - there's nothing quite like it is there?

I got shot off my endowment after 10 years - probably the best thing I'd ever done. Like you I felt a sense of relief at seeing the end of those red letters and the sense of throwing good money after bad. If only I could go back in time and stop my gullible younger self from signing on the dotted line…

You shouldn't feel you were gullible. They used to pay out way over the mortgage amount. It was a "given" that they would.

The regret should be with those insurance companies and IFAs that sold them without making customers fully aware of the risks.

GrumpyandBubbles

Unfortunately our IFA passed away just a few years after selling the policy to us and so there was little prospect of making a claim for compensation. My frustration is that we were told time and again by so-called financial experts that it would be a mistake to ditch the endowment and so we kept shelling out the monthly sums year after year after year.
My disappointment is that we didn't have access to forums like this when we were younger to learn from other people's experiences. It didn't occur to us to make overpayments until only the last couple of years.
Still, the final cheque has been written and will soon be despatched. It's a VERY exciting time!

george_jetson

I think if IFAs referred to themselves as "salesmen" rather than advisors we'd be more inclined to take their 'advice' with a pinch of salt.

MoneyQueen

Hi Shine on,

Well done and Congratulations

MQ

Dithering_Dad

That's Brilliant!! Becoming mortgage free must be fantastic in normal times, so it must be such a relief in these troubled economic times.

It's such an inspiration to see people join the ranks of the Mortgage Free, it keeps the rest of us plugging away at those durned mortgages!

Congratulations.

Primula

Well done Shine One. We too are overpaying and hoping to finish our mortgage in 19 months, instead of 8 years. Enjoy the wonderful feeling