First step, in the long road to being mortgage free.

Tony_R

A bit later in the month than normal, but I've just made another overpayment. This time £547, which brings the total overpayment up to £4,638 in the 11 months since starting.

We weren't going to, but I realised there was quite a large surplus in the joint account for bills, so I took some of that for OP.

Ther person said the approximate outstanding balance was now £190,100. I was hoping it would take it sub £190k, but it will be next month.

Tony_R

Today I made my latest overpayment, which was £556. This is also the 12th month since I made our first overpayment. I've far exceeded what I thought we would manage and have overpaid by £5,194 in a year, an average of £432 a month.

This month I've spent quite a lot of money on a Chiropractor as I badly twisted my pelvis which was unbeliveably painful. So any overtime that I did earn has been spent on that.

I have another appointment next Friday, and hopefully that will be it.

Tony_R

Well I've got the confirmation letter through. Strangely addictive waiting for these letters.
The new balance is £189,185.02. Finally under £190k

Tony_R

I should be able to increase the overpayment next month, I got my latest payslip today and this extra overtime, which is not doing much apart from being on call, paid an extra £347.

Tony_R

I updated the MFW thread the other day but I should also update this.

I've made another overpayment of £660. Bring total overpayments up to £5,854 in 13 months bring the average up to £450 a month.

Tony_R

A recently regular saver thing just matured. So rather than sticking it in savings we've stuck a big chunk of it towards the mortgage. An overpayment of £5,562 has just been made.

That means we've overpaid by £11,416 in just over a year.

Tony_R

May overpayment made of £561

norabatty_2

Hey Tony,

Have just discovered your diary - can't believe how well you are doing. Looks like you'll have 20K off your mortgage in 2 years!! :j:j:j

Keep up the good work!!

Nora B (a fellow £100K+er)

Tony_R

June overpayment made, £664. £65 of that should have been last month but I worked out last months overpayment incorrectly.

So that's £12,641 overpaid so far. Next month it will be two years since we bought the house and 17 months since the overpayments started.

Thanks Nora. This latest overpayment should dip us below £180,999 which will mean £20,000 has been paid off in 23 months.

Tony_R

A bit later in the month than normal, mainly as I've been on a training course for week. But I've made another overpayment, £603 this time. Which brings it up to £13,244 overpaid so far.

Yesterday, was the 2nd anniversary of moving in. So it's not bad progress so far.

I'm not sure if my overpayments are going to carry on at quite teh same pace going forward though, as I've dropped out of the on call overtime as it was too intrusive.

Other news, we got a couple of kittens a couple of months back.