Mortgage Free in Three Yrs

ailuro2

£7140 here.:beer:

Have pm'd TallGirl too.:D

gallygirl

No. 11 here :hello:!

Start: £53,300.48
New Balance: £35,313.23
Paid off £17,977.25 :j.
70% of target gone :T (didn't aim for whole amount)

Tallgirl PM'd.

chickadee

Hi there,

No 29 checking in.

Current balance £49,222 (Yes, I'm sub-£50K!!!!!!)
Original Balance £65,000
Paid Off £15,778.

I am so pleased with this. Even though I won't clear the balance by the end of the challenge, I will have made a serious dent in ot and I expect to be able to clear it by the time my DS leaves high school in 2012.

I don't want to wish my life away, as I quite like it at the moment but this will mean that a couple of years after that, say, in 2014, I will be mortgage free and child free - assuming DS goes off to Uni at 18.

I never did the travelling thing in my youth, so I would like to do that.

I'll keep on plugging away, though I have some major expenses coming up next year. I'm getting married in June, my boiler is nearly 20 years old and although it is working fine at the moment (touch wood!) I need to plan to replace it. I also need a new bathroom and I want some landscaping doing in the garden. I estimate all of these to cost me about £10k so next year's overpayments may not be as much as this year's. However, I will be happily married in my warm home with a swanky new bathroom and a garden I can use.

I'll email Tall Girl right away.

dawnylou

Hi all,
Just got my mortgage statment through - what timing!!
Although we are not making overpayments anymore until after our wedding next April thought I would still keep the updates going

Anyway I'm member no 82...
My balance is now £107,150.55

So we started with a mortgage of £109,825 in April 2007....
That means that we have paid off £2,674.45.
We aimed to reduce the mortgage by £2,500 so we have exceeded that!

Can't wait until after the wedding to start hammering it some more!
Only problem is we are remortgaging next year (fixed interested deal ends!! can't afford the estimated increase) but by the time all of the charges etc are added on we will be back where we started balance wise so I hope this doesn't mess up the chart too much for everyone!!

Everyone else keep it up - you are all doing brill!

angelavdavis

Can't believe how well everyone is doing! :j

dawnylou - don't forget to PM TallGirl with your update in case it gets lost in the thread.

dawnylou

Oops - thanks for reminding me about the PM lol

Kaz2904

OK, I've added the interest onto my snowball for this month so I have accurate figures.
We are still in debate about whether or not to have a wood burner installed- I'm happy to go for a cheaper freestanding one but DH is now looking at having an open fireplace fitted. If I can't persuade him to go for a stove then I think we'll just block it off as I don't really want a fireplace in the dining room, think it'll get too cold in there if I do. Any thoughts guys?
Update time then!
Debt at outset £92727.75.
Debt now £73050.96
45.75% or £19676.79 of target repaid.
Well it's coming along isn't it? Can't wait to get this monkey off my back and I can't believe we're 1/2 way through- it's crazy!

benbenandme

I've pm'ed Tallgirl already but my update is as follows:

• Original mortgage amount 121,675
• Current mortgage total 51,965

My original target was to reduce the mortgage to 50K but I am now hoping to reach that by Xmas :rolleyes:

AnW'sMum

Some fantastic updates the latest chart is going make excellent reading

TallGirl

Just to say thanks for all the updates you have until

SUNDAY 12th OCTOBER

to pm me with your updates. We are so so close to getting to 50% paid off which is where we should be on average so please no matter what you have paid off just pm me. Here is a list of the people I still need to hear from and yes I know you still have a few more days and not everyone has access to online statements.

2 ThankYouAndEnjoy!
4 cupid_s
5 Miss Penny Pincher
9 catowen
14 minimoocow
18 CFC
22 jobbingmusician
26 Farhad1965
31 sturgeon62
32 Bargin Rtz
42 FrugalNotTight
52 do it today!
54 sarmia
55 cazmanian_minx
56 Batgirl
62 heckmondwike06
67 Jackomdj
68 mojo_jojo
70 CountryWife
72 drenbo
75 Firesidemaid
78 Pandora123
80 JIMBOBC
81 Redbedhead
84 freebird65
85 kiwi88
86 Catshark88
90 Optimistic Saver
91 Karmacat
92 LookAfterThePennies
94 meme
96 mountainlioness
98 sarahe
101 HammersFan
105 esthomizzy
108 lunasaver
115 weezl74
122 TheBees
123 Miss Pink 125 TattyCash
129 Getmeoutofthere
130 Catznine
132 Lexxi


Members who have not provided an update for more than 6 months may be removed
Those highlighted in Blue have not provided an update since Jan08
Those highlighted in Black have not provided an update since March 08
Those in plain black has not updated since June 08