Pawlala's MFW diary (Part II now underway in earnest!)

TallGirl

Saw you posted on my diary thought I would have a nose as I do remember your from MFi3 way back. Well done on the investment property great you'd been able to carry out your plan hope you find the perfect tenants. I know it's local to you but I assume you're getting an agent in to at least find the tenants. Also make sure you get everything right at sign up as rules have changed re perscribed information. Good look I have subscribed hopefully learn from others experience.

pawlala

ok so I'm well into overpaying 3rd mortgage. I totted up two Asd4 APG's and threw the total at the OPment. A whopping £3+ worth!:rotfl::money:

pawlala

Well, got my salary with the bonus and a hefty chunk had gone in tax, far more than I reckoned with (about £700 more!!)

Can just cover some garden landscaping but nothing massively extra for the mortgage, meal out or otherwise... Am a bit gutted TBH but hey ho that's life. Happy Monday everyone!

pawlala

So this time of year we get a bonus at work, but for some reason the payslips are late into our systems, which means I can't check how much is being paid. It's really annoying when trying to budget for the month ahead. Usually they are not this late arriving in the month! :shocked:

pawlala

pawlala wrote: »

#79 reporting total overpayments for October came to £1226.43 :beer:

Thanks and have a great weekend everyone!

Morning all,

I've maxed out on available overpayments this week, but I'm still lagging behind on my MFW2017 target by some distance. I think I need to catch up on the lack of big overpayments I didn't make over the summer. Thankfully its payday soon and that also means an extra overpayment from rental income.

I'm looking to get to a point in the mortgage that I can remortgage to a better deal in 2018 to reduce the interest payments going out. My overpayments will then have more bang for their buck against outgoing interest. All part of my long-term plan!

pawlala

OMG I haven't posted in my own thread for nearly 12 months :eek:

Since then, I have taken on some of the MFW2018 work and also continued to regularly overpay, but slightly behind my 2018 target of 13k due to wanting also to make sure I contribute as much as possible to my 18/19 S&S ISA.

Probably 70/30 split in favour of the ISA at the moment but the closer I get to the year end then this may swing towards the mortgage as the deadline for that comes first on 31/12.

julicorn

Wow, impressive how you're ploughing through your mortgages! Well done! :j