8 maybe 9 years till freedom!!

matt_the__spark

Ive been a lurker on here but thought id stick something up.
Well just bought the first house and were both happy here, needs a bit of work mind but I'm in the trade so can fix it up myself! The one thing were both agreed on is getting rid of the mortgage ASAP, we're hoping to be able to make overpayments of around 850 a month minimum so we should finish in 9 years max hopefully !


Managed £720 this August as there's been a lot of fees to pay out, daylight robbery really!

matt_the__spark

Paid a few quid in as of the signature below looking a bit better than a month ago just need a couple of hundred more then were in to the £130'ks that's quite exciting really, maybe I'm a bit sad though haha!

diadeb

Best of luck to you. How about joining the MFIT T3 challenge whilst overpaying? It starts in December this year and runs for 3 years. I am on the T2 challenge currently and its great for tips, moral support and generally sharing your news.

HelenDaveKids

i wish we'd had the sense to start as soon as we bought our first house. took us a few years to twig on.

Good on yer and good luck

kitjos

Welcome on the MFW journey :T

Im quite simular with your circumstances so i can relate to your goals. Me and DH brought our house 2 years ago and been doing it up over that time to a decent standard (all new windows/doors/central heating etc) so weve spent well over £13k getting that done and were now getting prepped to start MFW journey. Our mortgage amount is pratically the same and hoping to make OP in one hit annually and the calculators say i 'should' be MF in 8 years

All the best with everything, small steps will give you so much personal gain :beer: x

matt_the__spark

Thanks everyone it's great to have some support!
I will join that diadeb but how do I do it?
Been looking at cost cutting but to be honest were pretty good turn lights off don't have the heating on long as we don't like it to hot anyway.

Found an experian monthly payment I'd forgotten about that I got when checking my credit history for mortgage application, this will be given short shrift this evening!

matt_the__spark

Things are getting serious as I have just restrained from buying a four pack!!! Purely to save more money.

Vala-Mal-Doran

Haha well done, its amazing what you dont buy when you start thinking about it going on the mortgage instead!

matt_the__spark

I've got some old cable to strip off tonight so there's a few more quid!! Yeeha!!

matt_the__spark

It's been an expensive time recently, no one paying e bills I'm sending them (all the joys of being self employed I suppose)
But getting back on track, had the annual statement and would have paid about £50 off the amount without overpayments Strewth!!!
Got to keep going now as its more obvious than ever

Matched betting maybe?

On a plus note skipton have just sent us a letter saying there knocking £8 off our monthly payments!

kirstypark

hi Matt, my OH is self employed and I feel your pain with customers who can't afford to pay. Between that and the tax bill it's been a hard start to the year.

Why did the building society reduce your payments? is that because you had overpaid?