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2013 mfw

edited 14 December 2013 at 7:11AM in Mortgage-Free Wannabe
1.7K replies 91.8K views
134689171

Replies

  • VoucherManVoucherMan Forumite
    2.7K posts
    Part of the Furniture 1,000 Posts Name Dropper
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    if it's not 'breaking rules'

    If it is then it's a rule I've not heard of. :)

    If it helps to get the mortgage paid off earlier then it has to be good.

    Total amended.
  • Hello, can I join in?

    After 4 years of debt clearance I want to spend the next 3 years paying off our mortgage.

    Target for mortgage reduction in 2013 is £20,000. This is net reduction target and includes normal and overpayments, but not interest.

    My Life
  • VoucherManVoucherMan Forumite
    2.7K posts
    Part of the Furniture 1,000 Posts Name Dropper
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    Welcome to a couple of newcomers

    34. My life

    and from the Googledoc

    33. ictquizzer
  • icontinuetodreamicontinuetodream Forumite
    992 posts
    I've been Money Tipped!
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    It's not just OPs, but is the amount I'd like to try to pay off my mortgage in 2013 - includes my standard payments and overpayments. Think this will motivate me more if it's not 'breaking rules', if it's OK....
    My_life wrote: »
    Target for mortgage reduction in 2013 is £20,000. This is net reduction target and includes normal and overpayments, but not interest.

    Exactly the way I am doing my 16k!! :D
    Mortgage 12.12.12 £55842 12.12.13 £42716 14.12.14 £28837 13.12.15 £25913
    Mortgage OP £50/£600 House Fund £420/£5000
  • greentgreent Forumite
    9.1K posts
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    New challenger joining, please!

    Have just posted Dec's OP on 2012 mfw thread and found this one! :D

    Don't care on number :D

    OP target = £10000 - we're a little stretched for funds next year, as lots of work planned on house and husband's contract finishes in March and he has nothing kined uo yet.....
    I am the master of my fate; I am the captain of my soul
    Repaid mtge early (orig 11/25) 01/09 £124616 01/11 £89873 01/13 £52546 01/15 £12133 07/15 £NIL
    BTL Mtge 12/16 £69786 12/19 £48986 2020 OPs (#18) £5140/6K
    Net sales 2020 £607.06/£500 Decluttering: 2050/2020
  • Important update! We have recently reviewed and updated our Forum Rules and FAQs. Please take the time to familiarise yourself with the latest version.
  • VoucherManVoucherMan Forumite
    2.7K posts
    Part of the Furniture 1,000 Posts Name Dropper
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    Welcome to the new thread.

    35. greent
  • Hi VoucherMan,
    Can I join please? It will be the first time I've signed up, but I have been regularly overpaying for a couple of years and also enjoyed reading the threads. Would like to reduce mortgage by £5,000 in 2013.
    Thanks
  • OS_QSOS_QS Forumite
    339 posts
    Hi, please can I join also?

    I'd like to aim for £9000 overpayments in 2013.

    Cheers
    Mortgage debt : -£17,000
    2019 overpayments : £23,000
  • can i change my total too please? I want to pay 12000. off the total to include regular payments, regular overpayments and any bits i find extra to overpay. Thank you:A. (number 7 my lucky number!)
    mortgage 1 33,000. paid nov 2012 :D. mortgage 2 87,000 due 51,686.76 at july 2013, but then:new home and remortgage ... £101065.43:eek: now 74k
  • SpiggleSpiggle Forumite
    1.8K posts
    Tenth Anniversary 1,000 Posts Name Dropper
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    Hello everyone,

    Some very impressive targets being set for 2013, brilliant!

    I have now set my OP target for the coming challenge (and put it on the spreadsheet VoucherMan!) but may need to amend it later, we'll see.

    The challenge has, for the last two years that I've been a challenger, helped so many people keep on track with their OPs and, in 2012, played a part in the complete clearance of eight mortgages. It's too early yet to say what our final total of OPs will be for 2012 but our target was just over £1million and we are very close!

    Good luck everyone, you've come to the right place to support you in OPing your mortgage over the next 12 months. Remember, it doesn't matter how little or large your OPs are, the fact that you pay anything extra off is the key!

    I look forward to following the challenge with you all through 2013.

    Take care,
    Spigs
    Mortgage Free October 2013 :T
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