2012 mfw

cardiffmatch

Thanks Spig - yep I'm Cardiff based. Are you east or west up the coast?

£6000 is an important milestone for me for two reasons. In my view it will leave me with an 85% LTV, based on the price of a similar flat currently on sale in my building. This is good.

Conversely, the building society computer calculator thing says that my flat is only worth 142,000 - ie the sum I will owe after paying that £6000! :eek: I'm not too worried about this as it is apparently based on recent sales in the area. I live in a small building where most of the recent flat sales have been one bed flats. I have a two bed flat with a terrace that is nearly a third of the size of the flat again, so I think my valuation is nearer the mark.

Anyway, off to make an overpayment for being good today...

Spiggle

I'm west about 25-30 miles.

It sounds like you have the BS calculator sussed! I tend not to even look these days at the value of our home. Firstly, very little changes hands here, secondly, when it does it's over priced and thirdly, we don't ever envisage moving again. Oh, and my days of checking on present value were all related to my very bad but now happily broken habit of remortgaging every few years for more money (and on interest only in the first many occasions)! But that isn't relevant to a flat I suppose.

Good luck with that OP.

Take care,
Spigs

LavenderBees

Hi, Everyone :j

Payday in the morning :T, so I've worked out this month's overpayment and am logging it tonight to save time in the morning.

£1,000 overpayment for me, please Spiggle. Also, I've decided to put this into May's column. I've realised that by saying my payday overpayment is for next month each time, then I've effectively robbed myself of a month's overpaying this year by the end of the year. My pay may well be June's pay, but I'm paid it in May, so it is a May overpayment.

Well... it makes sense to me, anyway! :rotfl:

many thanks

LB xx

financialbliss

Been well off grid of late as far as MSE is concerned...

Completely forgot to post here on 1st May, so I'll post for May and June (OPs are automatic on the first of the month), after which I'll draw a line under the first six months of this year and take stock for the remaining few months I'm hoping to have a mortgage for

May and June continue to reflect the £2k put aside for the mortgage each month minus the standard mortgage payment of £887.41. So, to June, it's looking like this:

#29 - Overpay by £10,400.00.

Month: Ideal Pay / Ideal Total / Ideal % / Actual Pay / Actual Total (Diff) / Actual %

January: 866.67 / 866.67 / 8.33% / 862.59 / 862.59 (-4.08) / 8.29%
February: 866.67 / 1,733.33 / 16.67% / 1,202.59 / 2,065.18 (+331.85) / 19.86%
March: 866.67 / 2,600.00 / 25.00% / 1,112.59 / 3,177.77 (+577.77) / 30.56%
April: 866.67 / 3,466.67 / 33.33% / 1,112.59 / 4,290.36 (+823.69) / 41.25%
May: 866.67 / 4,333.33 / 41.67% / 1,112.59 / 5,402.95 (+1,069.62) / 51.95%
June: 866.67 / 5,200.00 / 50.00% / 1,112.59 / 6,515.54 (+1,315.54) / 62.65%

Total overpaid: £6,515.54

Would like to ramp up payments further from July onwards with a view to becoming mortgage free before 12/12/12, but need to get my financial house in order - a bit of a mess of late.

Financial Bliss.

Spiggle

Good morning,

Long day yesterday so too late to log on last night.

Your cracking OP is updated for May LavenderBees. I get what you're saying entirely and you are now 50.43% of target after only 5 months, so well ahead, congratulations.

Both months are recorded for you financialbliss, you are also well ahead of target and I wish you luck in sorting out the financial house!

From the googledoc, an excellent OP poppycat1, keep up the great work.

Also on the googledoc, a superb OP lulabelle1 which puts you over half way to target only five months in. Brilliant! :cool:

See you all later,
Spigs

greent

No 28 reporting in with MAy's OPs... a lovely sum of £3953.57 I was having a bad day earlier in the month and shoved a £3K OP on the mortgage - money was allocated elsewhere for later in the year, but hey ho!

This means that our sub account 02 will be repaid no later than August of this year (and hopefully in July!)

ETA: just been having a look at the spreadsheet - my target was revised from 6k to 12k - but the original target column (column S) has also been increased to 12k - can this be amended back to 6k if possible, please - and then I can see where I am against original target and new target. thanks x)

Spiggle

Hi greent, a very very nice OP there, well done. I've amended back for you on the spreadsheet. Apologies that was a bit of functionality I had missed. You're showing fantastic percentages at 80.54% of current target and 161.08% of original target. Just brilliant!

See you all tomorrow now.

Take care,
Spigs

fillyfop

#38 Here.

Mortgage statemet for May has arrived so that's a confirmed total overpay of £311.28 for the month. Not my monthly target but I'm happy with it and I'm still ahead yaer to date so I'm very happy with progress.
Now to complete the form and update the siggy

lighthousescotland

Mmm got paid today and noticed it was significantly less than usual. I am guessing this is to do with the rises in public sector pension contributions or NI or something like that . On plus side though am determined to keep OP the same so please can I put down £250 for my June OP - it doesn't go in my account until 1st. Thank you so much Spiggle. Hope you are all enjoying the sunshine (nice free activity whilst we all OP!). :j

gallygirl

:o:o:o:o:o:o:o:o:o:o:o:o:o

Number 73 here, reporting in for the first time, having totally forgotten about it .

Total payments so far: £9320 :j, overall target was 18k so just ahead . Have sent update through and sorry for tardyness :cool:.

Will try harder .