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ClaireT13
Posts: 240 Forumite
Hi
After spending a couple of days virtually living on this site, I thought I would post my own challenge to make me a little more accountable!
Currently, my mortgage stands at £146,000. We have made £65,000 of overpayments in the last week to get to this figure
Currently, we have 19.5 years left to run on the mortgage and we plan to make a few more substantial overpayments in the coming few months.
In short, hoping to get the mortgage down to £85,000 by the end of 2011 and then start making monthly OP's to finally be MF by the end of 2020. It feels a long way off!!
Love reading all the tips on here!
Claire
After spending a couple of days virtually living on this site, I thought I would post my own challenge to make me a little more accountable!
Currently, my mortgage stands at £146,000. We have made £65,000 of overpayments in the last week to get to this figure
Currently, we have 19.5 years left to run on the mortgage and we plan to make a few more substantial overpayments in the coming few months.
In short, hoping to get the mortgage down to £85,000 by the end of 2011 and then start making monthly OP's to finally be MF by the end of 2020. It feels a long way off!!
Love reading all the tips on here!
Claire
Declutter challenge - 81/1500 (5.4%)
Make £2,021 in 2021 - £148.95/£2,021 (7.3%)
Make £2,021 in 2021 - £148.95/£2,021 (7.3%)
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Comments
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Welcome Claire Blimey, well done for the huuuuggge OP!!!! I am addicted to the daily thread - its very inspirational as you don't realise just how MFW you are until you think about it - and like you, I have picked up so many tips! :T0
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Well done with progress so far, noticed you read my thread so thought I would jump over to yours and see what your targets were. Wish I could make the same size overpayment you have and plan too!! But the end target date is similar to mine as you said. Not sure if I will succeed though bearing in mind the size of your overpayments to mine.0
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Hello!
Sounds like you've made a great start so far. I have to warn you though, this MFW thing is incredibly addictive... I feel like I'm surgically attached to this forum
Rach x0 -
Hello claire, firstly welcome to the site and secondly wonderful OP's there!
Mortgage free - 01/05/2019, mortgage high £200k 20110 -
Awesome OP! I like the target of MF by 2020. Best wishes in your questBack on the MFW Wagon!
MFW 2011 #195 OP £2500/£400/£9052:j0 -
Welcome to this board too!
You'll be going great guns going from 211k to 146k - How motivating is it to see your mortgage go down by a huge amount!
Mortgage down to 85k = 61k = 6.7k a month for the next 9 months. Are they the right figures? Unless I've mis-read your post, you could be mortgage clear in a few years if you keep up this amazing rate of overpaying
All the best though, as others have said, it's seriously addictive.Feb 2012 - onwards MF achieved
September 2016 - Back into clearing a mortgage - Was due to be paid off in 32 years in March 2047 -
April 2018 down to 28.00 months vs 30.04 months at normal payment.
Predicted mortgage clearing 03/2047 - now looking at 02/2045
Aims: 1) To pay off mortgage within 20 years - 20370
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