Time I came out of the shadows!

RosieTiger

You have already made massive inroads and its great that your thinking that far ahead at a young age. Dont forget though, that you still need to live and enjoy life. Spreadsheets become addictive, I wouldnt run 2 on my phone, once a month is fine. If you have your overpayment running in the background, it's nice to get the surprise now and again of seeing a reduction. When you check all the time, it can certainly become frustrating because you are already anticipating the next reduction, so it seems to drag - or at least for us!!
Good Luck.

Marksy

About time for pretty much yearly update

Was a bit annoyed to find out yesterday that my provider now charge a £50 admin fee for changing the term. Well, more than a bit annoyed, I was rather p'd off, as it has shot my overpayment (past my 10% limit per year) - of which I was beating "their" system by changing my term (in some cases monthly!) to alter my payments, then re-adjusting it back after that payment had gone out. I'm still in the fixed term, which ends in 2014 so can't really do anything without a massive penalty.

I've now got to work out if £600/year in charges is better than me taking the penalty on over payments past 10%, or even worth it in the long run in terms of interest saved.

I'm down now to just under 29k, have been a bit slack this year as I've been instructed to get the house sorted (decorating/new kitchen coming up/etc). I've just under 5 and a half years left on the mortgage, which will beat my original target of being MF by 40, but now I want to be MF by the time I'm 35... I was wanting to beat this target too, but I'm not so sure now.

I now have a goal to buy a plot of land, and do a self build so trying to get my mortgage from around my neck ASAP will enable me to save a lot of money each month to hopefully have a sizable deposit when the time comes. It's a retirement plan of mine, so no rush but this just reinforces my hate of "administration" charges - grr!

amanda40

Came across this post that I contributed to back in 2011 when we started our MF journey and wondered how everyone else was getting on with theirs ? We are finally MF and it feels great !!