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Countdown to Freedom

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Comments

  • Polly_Wolly_Doodle
    Polly_Wolly_Doodle Posts: 1,004 Forumite
    Ninth Anniversary Combo Breaker Debt-free and Proud!
    Good news on the mortgage Tilly, hugs for the rest xx
    Weight: need to lose 71lbs - lost to date 0lbs
    One Poll: £3.20
    My Survey: £0.00
    Ebay: £0.00
  • cotswoldaccountant
    cotswoldaccountant Posts: 298 Forumite
    Ninth Anniversary 100 Posts Combo Breaker
    That sounds like a very nice meal plan! Always nice to get little jobs like mending done. I have a pile of school trousers awaiting name tapes, which I never seem to get round to doing.

    Thinking of you.

    CA
    x
    November 2007 £570k 25 years - MF March 2033
    September 2012 £405k 20 years - MF January 2032.
    January 2015 £301k 16 years - MF January 2030
    January 2020 £231k 10 years - MF January 2030
    Mortgage Free Goal: In progress!
    June 2020: Outstanding mortgage £75,211 (£222,414 mortgage offset by £147,203 cashpool)
    August 2020: Outstanding mortgage £59,262 (£134,598 mortgage offset by £75,280 cashpool)
    Sept 2020: Outstanding mortgage £56,682 (£131,760 mortgage offset by £75,022 cashpoool)
    April 2021: Outstanding mortgage £17,278 (£64,646 mortgage offset by £47,313 cashpool)
  • gallygirl
    gallygirl Posts: 17,240 Forumite
    Part of the Furniture 10,000 Posts Photogenic Name Dropper
    cotswoldaccountant wrote: »
    That sounds like a very nice meal plan! Always nice to get little jobs like mending done. I have a pile of school trousers awaiting name tapes, which I never seem to get round to doing.

    Thinking of you.

    CA
    x

    Give up and throw them away, they probably won't fit you anymore ;).

    Tilly, hope all is well at hospital.

    GG x
    A positive attitude may not solve all your problems, but it will annoy enough people to make it worth the effort
    :) Mortgage Balance = £0 :)
    "Do what others won't early in life so you can do what others can't later in life"
  • TallGirl
    TallGirl Posts: 6,234 Forumite
    Part of the Furniture 1,000 Posts Photogenic Name Dropper
    Hugs Tilly hope things get better for you soon.

    Enjoy the cinema hopefully it will take your mind off things.
    Save £12k in 25 No 49
    PB Win 21 £225, 22 £275, 23 £900, 24 £750 Balance Dec 25 £32.7K  
    Plan to move to Denmark for FIRE by Autumn 2025 “May your decisions reflect your hopes not your fears”
    New diary aiming for fire https://forums.moneysavingexpert.com/discussion/6414795/mortgage-free-now-aiming-for-fire#latest

  • ammonite
    ammonite Posts: 1,429 Forumite
    Part of the Furniture Combo Breaker
    Hope you are doing OK TIlly :) Well done for mending. I almost threw 4 or 5 tops out that needed mending and had sat in my wardrobe for over a year. I mended them and a couple of them have become new favourites again so well worth it :)

    Well done for selling the item to your friend!
  • Mortgage_Reduction_Novice
    Mortgage_Reduction_Novice Posts: 1,775 Forumite
    Do your friends know they're buying you're unwanted items to help you pay off your mortgage?!
    MFW: Nov 2008 £156k, Jun 2015 £129k, Jun 2017 £114k.
  • Tilly_MFW_in_6_YRS
    Tilly_MFW_in_6_YRS Posts: 7,854 Forumite
    Part of the Furniture 1,000 Posts Photogenic Combo Breaker
    Hiya MRN, I keep my MF dreams to myself, so I have to be honest and say they don't know :). I have one expensive thing left to go and then it's back to eb@y :T

    Tilly x
    2004 £387k 29 years - MF March 2033:eek:
    2011 £309k 10 years - MF March 2021.
    Achieved Goal: 28/08/15 :j
  • Assistant
    Assistant Posts: 25 Forumite
    Good evening

    I have a 6400 mortgage with a 20 year term,19 remaining.

    I am on a 5 year fixed rate , monthly payments 400. I have overpaid 250 each month since the start .
    According to the over payment calculator on here , if I continue to over pay, my mortgage will be paid off in approximately 10 years, half the term.

    Is it that simple? I am allowed to over pay up to 500 each month.
    Do I need to contact my mortgage provider for any reason regarding early payment.

    First mortgage and very Green about the whole thing....
    Many thanks
  • Tilly_MFW_in_6_YRS
    Tilly_MFW_in_6_YRS Posts: 7,854 Forumite
    Part of the Furniture 1,000 Posts Photogenic Combo Breaker
    Hi Assistant, you've done brilliantly to Op so much each month. Providing you don't exceed the maximum OP your provider allows, then I can't see any problem. You may want to start a diary to help you with your journey. People are really helpful and give excellent advice.

    Good luck, Tilly
    2004 £387k 29 years - MF March 2033:eek:
    2011 £309k 10 years - MF March 2021.
    Achieved Goal: 28/08/15 :j
  • Assistant
    Assistant Posts: 25 Forumite
    Hi Tilly

    Many thanks for the reply.
    I am new to the MFW Forum. So any advice you can share will be great.

    Its all so new to me. I will hopefully be able to continue with the over payments.

    I must admit, I am totally confused as to what happens when the fixed rate ends in 2016?
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