My Mortgage Free Diary

mpgsheep

May update

£182,454.58 - 2.08% interest, fixed until Dec 2021

So next month we break through the £180k barrier, a small milestone.

mpgsheep

June update

£179,285.11 - 2.08% interest, fixed until Dec 2021

Coming in under 180k, good to see. Should break through the 170k barrier on September 1st with any luck.

mpgsheep

July update

£176,099.20 - 2.08% interest, fixed until Dec 2021
56 payments to go

Bit of a panic this morning when my bank decided not to send my standing order, but a quick manual payment and the next chunk is off.

Have decided to record now how many monthly payments i have left. If we continue in the same vein, then we have 56 left, taking me up to March 2022. Will of course be aiming to bring that forward!

mpgsheep

August update

£172,918.09 - 2.08% interest, fixed until Dec 2021
55 payments to go

Although we are progressing well, it is all seeming a bit of a hopeless grind at the moment. Half considering selling up, and moving somewhere much cheaper and being done with it all!

mpgsheep

September update

£169,721.50 - 2.08% interest, fixed until Dec 2021
54 payments to go

Nothing exciting to say now...!

mpgsheep

October update

£166,529.14 - 2.08% interest, fixed until Dec 2021
53 payments to go

Looking ahead, might be difficult to keep up this level of repayment much longer, plus signed up for company sharesave scheme which means a bit less available per month (but long term gain of course).

mpgsheep

November update

£163,331.14 - 2.08% interest, fixed until Dec 2021
52 payments to go

Ticking along...

mpgsheep

Hello, been a long time since I updated:

May 2018 update

£154,000.00 - 2.08% interest, fixed until Dec 2021

"Payments to go" is a bit subjective now, not quite certain how things will go over the next few years, we just intend to keep overpaying and plugging away and see.

In terms of landmarks, our next one is either £150,000, or for me its £147,327.84 - this is the lowest mortgage we ever had (December 2012), from before we moved into our house (was a flat before).

mpgsheep

June 2018 update

£140,000.00 - 2.08% interest, fixed until Dec 2021

Decided to inject some cash from annual bonus into the mortgage this month hence the crazy drop. So now at our lowest ever mortgage debt! Not sustainable for now but def good to see this dropping significantly.

mpgsheep

February 2019 update

£136,874.29 - 2.08% interest, fixed until Dec 2021
£ 40,383.91 - S&S Isa balance
£ 96,490.38 - effective Mortgage balance!

Long time, no update.... started using a stocks and share's Isa for overpayments back in July 2019, so signature and posts updated to reflect same. Not necessarily committing to paying off the mortgage with this balance, but would at least be able to say we are "Mortgage Neutral".