D'oh! Better get started... I wanna be Mortgage Free!!

Froggy-G

Hello all!

Hope you won't mind me starting a new thread...

Just a bit of background, I am 30 and my OH is 33, we live in a 3 bed semi just outside Manchester, and we've lived there for the last 3.5 years... We have a Together mortgage from Northern Rock, 152K made up of mortgage part, and an unsecured loan...
As at the end of March (last available statement), the mortgage part was down to £136,390.60 and the unsecured loan to £11,100.84..:eek:

My OH and I have got secure jobs, and we live in a nice area with our cat Elvis...

I am sending today our first ever overpayment of £50 :beer: towards the unsecured loan...not a lot I know, but we've got to start somewhere :T

I hope you will be able to join me on this journey... PM me if you want.. I'd love to hear any tips or advice from experienced MFW

Have a great day everyone!:j

Tesco_points_addict

Froggy-G wrote: »

Hello all!

Hope you won't mind me starting a new thread...

Just a bit of background, I am 30 and my OH is 33, we live in a 3 bed semi just outside Manchester, and we've lived there for the last 3.5 years... We have a Together mortgage from Northern Rock, 152K made up of mortgage part, and an unsecured loan...
As at the end of March (last available statement), the mortgage part was down to £136,390.60 and the unsecured loan to £11,100.84..:eek:

My OH and I have got secure jobs, and we live in a nice area with our cat Elvis...

I am sending today our first ever overpayment of £50 :beer: towards the unsecured loan...not a lot I know, but we've got to start somewhere :T

I hope you will be able to join me on this journey... PM me if you want.. I'd love to hear any tips or advice from experienced MFW

Have a great day everyone!:j

Welcome! You are making your first overpayment today and will be suprised how quickly these payments knock years off your overall mortgage payments. I have to warn you this place is addictive and very supportive.

Good luck in your quest.

BTW I am loving the fact you have a cat called Elvis:j

TPAx

Froggy-G

Thanks TPA, love your name... Am also a Tesco point addict, so I can understand...
Hoping for the overpayments to increase in value and frequency quite soon... I should have recorded the call I made to Northern Rock, it was hilarious, I could read the operator mind "Oh no, another person following MSE advice, they have understood they could pay their mortgage early... WE ARE DOOMED!!!"

Thanks again TPA for dropping by, much appreciated...

Froogy G

gerbiljo

haha, good luck froggy, its obviously a catching trend then! good luck in your quest, so addictive watching these number fall!!

DansMum_2

Well done on first OP xx :j

Am too loving cat called Elvis! Goes with one of mine called Zorro

You'll gets lots of good advice on here especially from TPA - she's brilliant

Froggy-G

The cheque is in the post!! Bring on Freedom!!

SmlSave

Freeeeeeedoooooom!!!!!!!!!!!!!!!!!

Well done on your first OP and what a great name "Froggy - G"

MoneyQueen

Welcome to the forums and good luck with your quest

Well done on the first OP

MQ

Froggy-G

Good evening

Have discussed the current situation with OH... She is waiting for confirmation of a payrise thats due to start end of August, but is backdated to March this year...therefore we should be able to increase the payments from then on... I also have to renew Building & Contents insurance in September and will be going through comparison sites and Quidco or Topcashback, hopefully earning a few pounds that will go to the Mortgage..
I will not be renewing my mobile contract (end of September), and will go on PAYG, as I barely use my mobile, so saving around £20 per month...

Hope all MFW journeys are going well?

Froggy-G

Afternoon all...:j

The working day is dragging its feet.. Can't wait till 4.30 so I can go home..
We are off on a week long summer holiday in Cornwall in a couple of weeks time.. We are taking my newphew, 3 nieces & In laws with us.. Should be fun :rotfl:
However Elvis is going on his own holiday to the "Cat Hotel" (=cattery) as my nephew calls it.. Am sure he won't mind, a bit of peace & quiet, and a week's worth of not doing too much (no change there )
The holiday is all paid for, and the pocket money has been put aside, hopefully we won't spend it all and I can pay anything left over into the mortgage..
OH is away in London today, and should be back late tonight, so that's me busy doing the house chores until she gets home..

The fact that we have now starting making the overpayments has really given us a buzz :j, and we can't wait till we make the next one - probably at the end of August, when we get back from holiday...

Does anybody have any idea :think: please, if Northern Rock will acknowledge the overpayment we have made and send us an updated statement?

Happy Mortgage busting everybody!

Froggy G

newgirly

Hi froggy, good luck with your new challenge!