Originalmiscellany's MF dreams

originalmiscellany

Well one month to go, looking forward to my final payment in early November, and my first one of the offset in December.
Finances will be hit due to paying for a car to be fixed and a few days away in the sun this month. Otherwise, business as usual me thinks

originalmiscellany

Just waiting for the mortgage to kick in on Wednesday, then we can see how we're doing. I think we've saved quite hard in the past few months, so once all money is in the right account, I hope we'll be in a healthier position than where we though....

This must be the dullest thread, as nothing's happened for the past few months

originalmiscellany

All done - emails from Enact and First Direct today...
The only issue is that my old bank (Halifax) have taken a payment out at the higher rate - once the lower interest rate has finished...
I can only assume it's their mistake, and due to staff not being able to get to work today, I've not been able to contact them.

I am confident in saying that you pay the banks in advance by a month for a mortgage rather than paying them at the end of the month don't you - e.g. mortgage payment made on 1 Dec will be from the 1 Dec - 31 Dec, rather then for the month that has just completed - the 1 Nov - 30 Nov?
If so, that's good as I should be able to get the money back off them and it'll go into lowering the offset by a little more but would like someone to agree with me.

Also every time I log on now, the mortgage amount is sitting there, which will be a focus in getting it as small as possible as fast as possible

originalmiscellany

End of December -
Mortgage to pay: 43k

The offset's great, as I can see the amount we owe burning every time I log on. Hope to make another dent in January- the next update.

originalmiscellany

Well, another 3k paid off - down to 40k. Good progression!

[Deleted User]

well done!

originalmiscellany

Thank you! It was the result of some money owed to me since June time. Finally got it paid in... Hope to make some more overpayments, but just need to raid the wife's (with her permission!) bank

originalmiscellany

So my target is to halve the mortgage by the end of this year 2011 -down to 20k. It can be do-able but we have a lot of other factors which could make a huge difference, a number of things are on the way out, we had to pay for a washing machine/fridge (separates, I don't think they've yet invented a combi machine of the 2!), a car's on its way out - (needed for work) and boiler's packing up.

Fortunately, we're a good team in that I get stuff done and the wife has dreams and together we work well!
January is an odds and ends month - insulation being done in the roof, boiler being fixed etc.

Anyway, here's to the next 12 months

originalmiscellany

Job well done!
Another thousand off
£39k to go.

pavlovs_dog

just caught up with your thread - i'm envious of your small mortgage!

have you ventured into matched betting? i've often thought about it but never quite got around to it (story of my life)!