The £100,000+ Mortgage Club

Tony_R

Hi,

This may or may not be a good idea for a thread, but I thought it would be worthwhile having a thread where all the people with mortgages of at least £100,000 can keep everyone else updated and motivated to keep going.

I'll try and keep this opening page updated with the details of everyones thread and outstanding balances.

Anyway, a summary of my mortgate situation.

User Name : Tony_R
Original Mortgage Amount : £200,999
Overpayments made : £2164.81 (in 4 payments)
Outstanding Balance : £195,502.23
Thread : https://forums.moneysavingexpert.com/discussion/3088718

We're going to be in this for the long haul, so we may as well stick together.

Two9A

Good idea, that; if I'm allowed multiple mortgages that total over 100k, I'll muck in.

Original loaned amount: GBP 162,650
Current outstanding: GBP: 151,669.57

Not doing TOO badly, but I am taking on another mortgage in the next couple of months... Some might call it insanity.

I would too :rotfl:

CathT

Good idea, my outstanding mortgage is in my sig. I will be here for at least 10 years!!

Jumpinbeans

Hey everyone,

I am a member of the 100k+ gang and have for the past few years trying to get it reduced as much as possible. Current details are


Age - 34
Original Mortgage - £189,000 taken out in Sept 2005
Current Mortgage - £113,241

Overpayments made in 2011 - £4000
Estimated free date June 2021 (aiming though for 2017 when I am 40. Its possible but not that likely but you need to have goals)
:j

Hurdler

I like that ... The £100K club ...

gien

I'd like to join in here please. We live abroad and have just bought and renovated a house as it looks as if we'll be staying put for a while. Our mortgage is massive although interest payments can be offset against tax and interest rates are very low. I feel really uncomfortable with this huge debt and want to start getting rid of it asap, so I'm going to break it down (in my mind) into smaller targets to reach.
I'm going to start to put money away i an interest bearing account so I can use that to make lump payments (we're fixed rate) when possible. I'm also going to check out investing a regular amount in fund to get some money in stocks and shares.

We're surely here for the long term!

welshlovebiscuit

I'm in - £147,000 and started the long haul today!:beer:

kimbo26

Hi

i'd like to be in too, got my mortgage for the next 31 yrs at the mo. details in my signature

juicygirl

I'm in too, details in sig, hopefully first overpayment this month!

Eating_Daisies

I'm in! :j (Although I shouldn't look so happy about it!)

User Name : Eating Daisies
Original Mortgage Amount : £155,300
Overpayments made : £6,800 (in 3 years! :eek::o)
Outstanding Balance : £148,500

Aiming for it to be gone as soon as possible - preferably before the next ice age!! :rotfl:

[Deleted User]

Can I join too?
User Name : Tyo
Original Mortgage Amount : £145000 in 2007 on 35 year term
Overpayments made : not sure would have to go back and calculate think around £10000?...
Outstanding Balance : £119718 (mortgage-savings altho savings is emergency fund so doesnt really count as off the mortgage!)

Hoping to be MF in 10 years or definitely by 40 (12 yrs!) will involve selling current place and buying another but now Im in the swing of things hoping it'll be habit to save and OP while I can