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Minor setback but still focused !
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Adbru
Posts: 80 Forumite
Hi.
Been hammering away at the mortgage for some time now ..
Thanks to redundancy (and another job! ) got the outstanding amount down to a little over 26k :-)
overpaying by 450 a month so the target was sept (ish) 2010, all was going well when eldest decides he's going to college a year early !! (yikes).
Now got to try and help him with his rent but still determined to beat this thing before 2010 :-)
Had originally planned to buy a 2bed flat for next year so a roomy could help with the flat mortgage but now went from audition to starting the course in 3 days so no option but to rent.
Please excuse my ramblings but needed to give myself something positive for my 100th post :-)
keep smiling people
Adbru
Been hammering away at the mortgage for some time now ..
Thanks to redundancy (and another job! ) got the outstanding amount down to a little over 26k :-)
overpaying by 450 a month so the target was sept (ish) 2010, all was going well when eldest decides he's going to college a year early !! (yikes).
Now got to try and help him with his rent but still determined to beat this thing before 2010 :-)
Had originally planned to buy a 2bed flat for next year so a roomy could help with the flat mortgage but now went from audition to starting the course in 3 days so no option but to rent.
Please excuse my ramblings but needed to give myself something positive for my 100th post :-)
keep smiling people
Adbru
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Comments
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Well done on getting the mortgage amount down AND getting back into work Adbru :T:T:j :TMFiT-T2 No.120|Challenge started 12.12.09|MFD 12.12.12 :j:T:j0
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assume you are looking to get a flat for post Christmas, for the new term
That should be time enough to plan it0 -
wow, good for you, £450 a month is quite some overpayment!!Mortgage free 04/03/2025. Thanks to this site and lots of overpayments bit by bit.
Next stop: house repairs, holiday fund, replace our very old cars, more financial security/early retirement savings.🤞0 -
Thanks for the replies :-)
At one point we were paying £600/month for the mortgage and as the capital came down we left the payments as they were (hard but worth it !!)
Redundancy money made a big hole, min payment now 155, still paying 600 !
I was very lucky in that the redundancy was voluntary and I managed to line up another job with one of my old customers ;-)
rent for sons flat is 330........ i suppose i could just try and drop my payment to 320 rather than 270......
Our current contract at work finishes in 4 years so I am determined to beat this thing by then !!
good luck peeps.
Adbru0 -
oops, double post !!
Re getting a flat after Xmas, he is on a one year course so unless he makes noises about carrying on for the HNC I probably wont bother.....
Adbru0
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