The £100,000+ Mortgage Club

Hurdler

Wow I didn't include my BTL in this because I've always viewed it as my second pension, to be honest! Although when I took Vol Redundancy it was a consideration to maybe have it to move back into (which I still might have to do at some stage)

Also I have to wait until they do their recalculation sometime in the summer to see what it's state of play is!

But I have been getting mine down - I have another overpayment to do in a week or so and then I will post an update.

molit

wow, probably should join here as well - my main residence is at about 150k, but the two btl's/ltbs would have me at the top of the table - sorry second reading through the text...

sparklystar_2

can I join too please - mortgage outstanding £136470 not sure when it'll be under £100000! needless to say it'll be some time!

Catslovelycats

You're in the right place, sparkly star! Well done and welcome!

mel19632

interesting to see so many people on here with BTLs! i also view ours as investments rather than a drain on finances as (partially thanks to low interest rates) ours are quite profitable each month.

i think for the purposes of this thread/challenge, i will ignore our BTLs for now. particularly as the interest is tax deductible on them and obviously not on the residential mortgages! but if it makes people feel better (!) our total can be updated so as not to leave poor Tilly at the top of the league!

kitjos

Id like to Join please

Name: Kitjos
Age: 23
Mortgage amount: £155,000
Paid deposit: £15,500
Amount left: £139,500

My high interest mortgage runs out Sept '12 so payments will be lowered (phew!). My plan is to pay off the 10% im aloud to each year and do overplayments if we feel the need (im a sav-a-holic!). I would LOVE to be mortgage free in 7-10 years x

dark^knight

I am hoping to OP £4100 this week, will confirm when it has gone through.

shala_moo

Hi Kitjos, molit, and sparklystar...

My other mortgage isn't technically a BTL as i'm selling it at the moment - it's only if the sale doesn't go through or we don't get another buyer that we'll be renting it out. Once this house has gone my mortgage will be a "reasonable" £166K :eek::rotfl: plus some family loans to pay back so i'll be way down the list - sorry Tilly..

Tilly_MFW_in_6_YRS

Hiya Shala_moo, I am definitely feeling quite lonely up very close to the top. I intend running down this hill as quickly as possible bearing in mind I still need to have a life....

Best wishes, Tilly

jsaver

Sadly I qualify.

New house just bought. One old mortgage 2.5% BMR - £32831 remaining - due to be paid off in December 2019

One new mortgage at 186569 (:eek:) 2.89% fixed - 14 year term, o/p by £500 per mo (if I can). Due to complete in June 2021 if o/ps continue!