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How big is your mortgage and how many years is it?
skaps
Posts: 2,255 Forumite
Have moved this thread to http://forums.moneysavingexpert.com/...html?t=2274537
I have also corrected the poll too
Was just wondering what size mortgages other people had, as i have not noticed anyone on this forum with a mortgage as big as mine. Also i wanted to find out if anyone else is overpaying and what tips you have to do this, as i want to reduce my term as much as i can.
Here are my details:
Mortgage taken out: £238000
Term: 30 years (29 years left - but am overpaying at the moment in order to reduce this)
I have also corrected the poll too
Was just wondering what size mortgages other people had, as i have not noticed anyone on this forum with a mortgage as big as mine. Also i wanted to find out if anyone else is overpaying and what tips you have to do this, as i want to reduce my term as much as i can.
Here are my details:
Mortgage taken out: £238000
Term: 30 years (29 years left - but am overpaying at the moment in order to reduce this)
MFW 2016 No 68 £1300/£8500 No new toiletries Cook sth different
How much was your mortgage when you took it out? 69 votes
£50,000 or under
27%
19 votes
£100,000 - £149,999
46%
32 votes
£150,000 - £199,999
14%
10 votes
£200,000 - £249,999
4%
3 votes
£250,000 - £299,999
5%
4 votes
£350,000 or over
1%
1 vote
0
Comments
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£50,000 or underTook out a small mortgage of £15000 in Jan 2007. The term was 18 yrs (was on very low income at the time) but in fact i'm aiming to have it paid off by January 9th 2011. Currently stands at about £8897.
PO xx
2010 MFW Challenge No. 112 Mortgage paid in full 27/08/10 I was MF!!!
But now I'm not - (Joint) Mortgage £104704.New MFW target £5000 overpayments by 31/12/2105 £400/£5000 = 8%SAVINGS TARGET - £25000 by 31/12/2015 £13643/£25000 = 55%No 17 Lewis Lane0 -
£200,000 - £249,999Wow poppyoscar well done, what have you done to get it down?MFW 2016 No 68 £1300/£8500 No new toiletries Cook sth different0
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There's not a tickbox for mine, it was £58,000 in 2001.
I think we owe about £45,000, with 16 years left which we will cut down.I’m a Forum Ambassador and I support the Forum Team on the Old style MoneySaving, Gardening, and Crafting boards.
If you need any help on these boards, please let me know.
Please report any posts you spot that are in breach of the Forum Rules by using the Report button, or by e-mailing forumteam@moneysavingexpert.com.
All views are my own and not of MoneySavingExpert.com0 -
£50,000 or underi basically prioritise my spending to essentials and throw everything that is left at the end of the month at the mortgage, when i started i was on a low income but have since been promoted twice - the second promotion was a big one - and that has made it quite easy really. i also collect vouchers from credit cards and pigsback, cash in on bogofs and offers for stuff i buy (never pay full price for shampoo and the like), walk if i can instead of driving, meal plan and batch cook from scratch, make sure nothing is left on standby, mortgage pig for small change etc etc.
also because 15k is such a poor excuse of a mortgage, it goes down really quickly which is very motivating!
po xx2010 MFW Challenge No. 112 Mortgage paid in full 27/08/10 I was MF!!!
But now I'm not - (Joint) Mortgage £104704.New MFW target £5000 overpayments by 31/12/2105 £400/£5000 = 8%SAVINGS TARGET - £25000 by 31/12/2015 £13643/£25000 = 55%No 17 Lewis Lane0 -
Mine's 65k left... no box for me
Boo hoo Kavanne
Nuns! Nuns! Reverse!
'I do my job, do you do yours?'0 -
£200,000 - £249,999Sorry forgot to add that box in and do not know how i can edit the pollMFW 2016 No 68 £1300/£8500 No new toiletries Cook sth different0
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£200,000 - £249,999Have moved this thread to http://forums.moneysavingexpert.com/showthread.html?t=2274537
I have also corrected the poll tooMFW 2016 No 68 £1300/£8500 No new toiletries Cook sth different0 -
Can you pop a box for 50,001-99,999 on there please?
I've just managed to get mine under 100K for the first time...0 -
£200,000 - £249,999Can you pop a box for 50,001-99,999 on there please?
I've just managed to get mine under 100K for the first time...
I have moved this thread as i was not able to change the poll see the first post for the new thread.MFW 2016 No 68 £1300/£8500 No new toiletries Cook sth different0 -
Thx, I've just found it over on the mortgage board, and have voted... :cool:I have moved this thread as i was not able to change the poll see the first post for the new thread.0
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