Mortgage Free in Three Yrs

Kaz2904

It's really hard to know what to do for the best at present for those remortgaging or coming to the end of fixed rates.
TBH as far as I can tell, the only people who are benefitting from the low rates are those who had a product before the rates started to drop. Most new fixes are at around 5% which is the same as it was 4 years ago when we started looking for our new mortgage.
TBH, if I manage to keep the interest rate at 5.29% when I come to shift I think I'll be happy. I should have 30 payments aprox left after our rate expires but am very aware that this will change with the new interest rate. Hmm.

TallGirl

LAST DAY FOR CHART UPDATES

Please can you PM me or even post in here your latest mortgage balance so I can update you on the chart. We are still 80 members and I need updates from 27 so pretty good but I would like some more.

For those of you who have joined FinancialBliss MFi3 Take II please continue to update us here or just let me know if you want to leave this challenge.

We only have 15 months left so dates for the rest of the updates will look like this

12/04/09
12/07/09
12/10/09
12/01/10
01/04/10 last one all done :j :j :j :j :j :j

molit

whats the situation when people move house with regards their updates? think there was some discussiona while ago, but I cant rememebr what was said

[Deleted User]

I PM'd TallGirl on 28 December but thought I'd update here:

As at 28 December, our mortgage balance stands at £36,296.47 - 58.38% of the way to our goal, which is about on target.

firesidemaid

i've not been around for a couple of weeks, but have just had a quick catch up.

december has been a bit pants all round and my normal budgeting and overpaying etc has gone out of the window. have just pm'd tallgirl and done my own sums, and for once i haven't quite kept up with my target - although i think i'm just £101 out!

am looking forward to the end of feb when we move onto our FD tracker, which i think should be currently 2.29% - we are currently fixed on 5.39% so it will provide us with an automatic £300 a month overpayment for starters:j.

well done and good luck to everyone who is continuing to pay off their mortgages.

hugs to SFG too x

FrugalNotTight_2

Hello FNT again. I'm being a big dippy, please can someone help me. I need to download the PDF Remortgage Guide and I cannot find it.

Would anyone be so kind as to post a link for me?

Thank you.

FNT

hughmungas1986

Hope this takes you to the right place

http://www.moneysavingexpert.com/mortgages/remortgage-guide

hughmungas1986

Just to say I'm looking forward to seeing the latest chart tomorrow, I'm sure it will make great reading for us all.

hugh

Superfast_Gran

Hey there FNT - don't know if this'll work but here goes: http://brochure.s446.sureserver.com/i2.php?p=det&product_id=54

I tried it and it seemed to work for me

If not, got to the Mortgages & Houses tab above and the Remortgage Guide should be top right of article.

TallGirl

Here we go the long awaited chart and thanks for all the updates. I would say this group is still going strong and I am 100% behind it. Only 15 months to go.
We have 73 members, 4 which have paid off their mortgage 100% and 18 which have exceeded their own targets. Well done everyone.