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My Improbable 10 Year Target
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Payday!! So I have an odd £6.59 in my account ... I may as well overpay with it!!
I hate not being able to overpay online... I have to ring them up and they are kinda snobbish when i overpay less than £100...
Update: They laughed at me again!! I HATE IT!! I wish I could overpay online =(Original Mortgage Debt - £130,330.
Current Mortgage Debt - £116,605.
2010 O/Ps - £5,000. 2011 O/Ps - £1,978.42.
Original Loan Debt - £6,000. Current Loan Debt - £3,500.
Original HP Debt - £1,000. Current HP Debt - £240.0 -
Don't worry about what they think - you will be the one laughing when you are MF
#39 - Save £12k in 20250 -
I see people on here OP'ing by £14,000 a year and kinda feel like my efforts are hardly worth it sometimes? I still want to be mortgage free by 2021 but I'm not so sure how viable that is!!
I definitely need to be at least 75% LTV by August 2014 when I come to the end of my current deal!! So I need to be at approx £115k by then which is easily do-able I hope!!Original Mortgage Debt - £130,330.
Current Mortgage Debt - £116,605.
2010 O/Ps - £5,000. 2011 O/Ps - £1,978.42.
Original Loan Debt - £6,000. Current Loan Debt - £3,500.
Original HP Debt - £1,000. Current HP Debt - £240.0 -
Phelpsie, we all are running a race to the same goal, and some will take longer than others. You have the right mindset of clearing whatever you can and as you say 2014 in August is a good 3 years off... Whatever you can add to lowering your mortgage will strengthen your hand - so don't worry, just persevere.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 -
I just started my thread and have been reading through others - Phelpsie001 - that SOA is just awesome!!!
- Mortgage @ March 2008: £194,965 ; Lightbulb Moment: July 2011: £164,926; End Date: March 2033
- MORTGAGE FREE: September 2015
- MSE 1p Savings Challenge 2024 #50: Jan, Feb, Mar, Apr, May, Jun, Jul, Aug, Sep, Oct, Nov, Dec = £223.84/£671.61
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Thanks guys =D
My SOA? Really? Do you think so??Original Mortgage Debt - £130,330.
Current Mortgage Debt - £116,605.
2010 O/Ps - £5,000. 2011 O/Ps - £1,978.42.
Original Loan Debt - £6,000. Current Loan Debt - £3,500.
Original HP Debt - £1,000. Current HP Debt - £240.0 -
well the layout, rather than the numbers!!! I have yet to do mine as I need to actually have some income from a new job coming in... but it leaves no stone unturned!
- Mortgage @ March 2008: £194,965 ; Lightbulb Moment: July 2011: £164,926; End Date: March 2033
- MORTGAGE FREE: September 2015
- MSE 1p Savings Challenge 2024 #50: Jan, Feb, Mar, Apr, May, Jun, Jul, Aug, Sep, Oct, Nov, Dec = £223.84/£671.61
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well the layout, rather than the numbers!!! I have yet to do mine as I need to actually have some income from a new job coming in... but it leaves no stone unturned!
Get it done!! Reading peoples SOA's is a secret love of mine...Original Mortgage Debt - £130,330.
Current Mortgage Debt - £116,605.
2010 O/Ps - £5,000. 2011 O/Ps - £1,978.42.
Original Loan Debt - £6,000. Current Loan Debt - £3,500.
Original HP Debt - £1,000. Current HP Debt - £240.0 -
I will do - but seeing as I won't get paid until end of August I guess (I start my new role on 1st August) it's a bit... devoid... of income!!!
I will leave my rented flat out of it, as it pretty much cancels itself out...
In other news - I had to buy my company car before I left my last job - I guess I need to create a "piggy bank" for that as well...
Insurance, Tax, Service, MOT... anything else I need to search the web for to guess how much to put away?- Mortgage @ March 2008: £194,965 ; Lightbulb Moment: July 2011: £164,926; End Date: March 2033
- MORTGAGE FREE: September 2015
- MSE 1p Savings Challenge 2024 #50: Jan, Feb, Mar, Apr, May, Jun, Jul, Aug, Sep, Oct, Nov, Dec = £223.84/£671.61
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Just a quick update!!
Not overpaid any more, but I am planning to overpay another 200 before the year is over =POriginal Mortgage Debt - £130,330.
Current Mortgage Debt - £116,605.
2010 O/Ps - £5,000. 2011 O/Ps - £1,978.42.
Original Loan Debt - £6,000. Current Loan Debt - £3,500.
Original HP Debt - £1,000. Current HP Debt - £240.0
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