saving £100,000 ten years to utopia !!

streethack

Well as my five year fixed in ending in April 2016 im able to reserve the current rate for six months before my fix term ends with First Direct. Currently the two mortgages they have for my LTV are a 2.39% five year fixed with a fee of £450 and a fee free one at 2.54% looks like it will work out cheaper overall to get the fee free one (I think)

It looks as though I can get a better rate else where but I am yet to find a standard fixed repayment mortgage which allows unlimted overpayments with no penaltys. Does anyone know of such a mortgage? Not really interested in offset mortgages.

streethack

£400 big smackers laid down on the mortgage this month leaving the outstanding balance of £111,171.

Shares returning to more realistic levels now current holdings are £20,374

Anagran

Hi Streethack,

I have just read through your diary having recently found the MFW board on here. I am in the process of buying my first house and have been amazed to read these diaries and see the amazing progress people like you have made on reducing their mortgage in just a few years. I just wanted to let you know I have really enjoyed reading this. I can see where you are coming from with your strategy and I understand your way of thinking, it just make sense! I am inspired and wish you all the best in continuing your journey.

streethack

Wow its normally pretty quiet in here and often think no one is reading anything I write here so really nice to see your post, thanks.

streethack

Another overpayment this month of £400 leaving a outstanding balance on the mortgage of £110,305. Boom!

streethack

Current shares holding bounce back abit currently on £21,263

jodles16

Hello!

Have read your diary, love how straight to the point your diary is and you are doing an amazing job! You will smash the mortgage!

Jodles

streethack

Thanks Jodles I guess its pretty boring to read but really glad you like it.

Another overpayment this month of £450, trying to play catch up to reach to the end of year target. Thats leaves the outstanding balance of £109,375 finally under £110,000

Share holding balance is £21,699

Luckyinlife

well done on the OP :] wont be to long and youll be getting close to that 100k mark go get it :]

streethack

Thanks Luckyinlife getting under 100K mark would be a big landmark for me! slowly getting there. With Christmas just around the corner its time for the last overpayment of the year. £450 whacked down on the mortgage leaving the outstanding balance of £108,454. More importantly I have hit my yearly target, £6,000 was overpaid in 2015. Whoo Hoo!!

Happy Christmas to all the inspiring money savers on here.