How big is your mortgage and how many years is it?

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skaps
skaps Posts: 2,255 Forumite
edited 14 February 2010 at 12:08PM in Mortgage-free wannabe
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)
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%
elliemooflea72COOLTRIKERCHICKsuey2julie1075din_donsgolfiemattpoppyoscar_3shanks77mk_wotsitLilacPixieGrebelogie28black_taxi_2The_Plush_DoormatAlison_Funnellseeya23vonManstein43mummyofonechild 19 votes
£100,000 - £149,999
46%
fraserblakea8kpinguajonnyenglishBurlesque_BabekaromelwistuaAztecsilverGillybeanFlash_G_2Lettyx1uzubairujohncolescarrdimbo61Di-Doughclearmydebtsynwa6sdd7677hillcatsFlowerPower 32 votes
£150,000 - £199,999
14%
gemmajjjpearce05amandajoJezCookecake21greggymagicjaywhoopeeMogMogshangaijimmyash_c 10 votes
£200,000 - £249,999
4%
chirpchirprainyday_girlskaps 3 votes
£250,000 - £299,999
5%
abouttimetooNewLeaf_2gratefulforhelp_2teachmech 4 votes
£350,000 or over
1%
lifebegins 1 vote
«1

Comments

  • poppyoscar_3
    poppyoscar_3 Posts: 1,566 Forumite
    Mortgage-free Glee!
    Options
    £50,000 or under
    Took 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 :)
    :D2010 MFW Challenge No. 112 Mortgage paid in full 27/08/10 I was MF!!!:D
    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 Lane
  • skaps
    skaps Posts: 2,255 Forumite
    Options
    £200,000 - £249,999
    Wow poppyoscar well done, what have you done to get it down?
    MFW 2016 No 68 £1300/£8500 No new toiletries Cook sth different
  • Barneysmom
    Barneysmom Posts: 10,123 Forumite
    First Post First Anniversary Combo Breaker
    Options
    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.
  • poppyoscar_3
    poppyoscar_3 Posts: 1,566 Forumite
    Mortgage-free Glee!
    Options
    £50,000 or under
    i 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 xx
    :D2010 MFW Challenge No. 112 Mortgage paid in full 27/08/10 I was MF!!!:D
    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 Lane
  • Kavanne
    Kavanne Posts: 5,093 Forumite
    Options
    Mine's 65k left... no box for me :( Boo hoo
    Kavanne
    Nuns! Nuns! Reverse!
    'I do my job, do you do yours?'
  • skaps
    skaps Posts: 2,255 Forumite
    Options
    £200,000 - £249,999
    Sorry forgot to add that box in and do not know how i can edit the poll
    MFW 2016 No 68 £1300/£8500 No new toiletries Cook sth different
  • skaps
    skaps Posts: 2,255 Forumite
    edited 14 February 2010 at 12:09PM
    Options
    £200,000 - £249,999
    Have moved this thread to http://forums.moneysavingexpert.com/showthread.html?t=2274537

    I have also corrected the poll too
    MFW 2016 No 68 £1300/£8500 No new toiletries Cook sth different
  • Rob71
    Rob71 Posts: 118 Forumite
    First Anniversary Combo Breaker
    edited 14 February 2010 at 12:27PM
    Options
    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...
  • skaps
    skaps Posts: 2,255 Forumite
    Options
    £200,000 - £249,999
    Rob71 wrote: »
    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...

    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 different
  • Rob71
    Rob71 Posts: 118 Forumite
    First Anniversary Combo Breaker
    Options
    skaps wrote: »
    I have moved this thread as i was not able to change the poll see the first post for the new thread.
    Thx, I've just found it over on the mortgage board, and have voted... :cool:
This discussion has been closed.
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