Ex-DFW - now for the MFW challenge!

blade68

Hi Addyboy, I am with santander and can pay what i like, although i just up my monthly payment. I have just switched to their 123 current account, costs £2 a month but you get 1% cashback on your santander mortgage payment every month, upto a mortgage payment of £1000. Plus the same on your council tax. worth thinking about . good luck.

gallygirl

Another exDFW here

Well done on your progress :T

[Deleted User]

Good luck!

If you're struggling making the full£500 every month, could you overpay on alternate months?

[Deleted User]

Hi addyboy
well done for completing your DF journey
Great to now be applying it to the mortgage!
£500 p/m is a great target and there are lots of helpful people about to help you meet it!

addyboy1982

Domino9 wrote: »

Good luck!

If you're struggling making the full£500 every month, could you overpay on alternate months?

Thank you Domino9! That's my plan if I have a few unexpected bills, hopefully I won't but you never know. If I do, £3k capital repayments this year is a good start

addyboy1982

This is hard going! Had to service my car this month and MOT OH's car and the tax is also due on that soon so haven't been able to overpay this month.

April is looking good though so hopefully will have overpaid in 2 out of the first 4 months of the year.

Balance is now under £70k though woohoo!!!

if_at_first...

Welcome and congrats on getting under the 70.000:j:j:j

addyboy1982

Another milestone in sight, OP'd £500 on 30th April so that's 2 OP's in the first four months of the year, I can see £69k in sight!

Had an expensive month again, OH's car tax, solicitors bill, couple of big birthdays for friends and family and am expecting a massive car bill next week so the next OP will likely be sometime in June.

Never thought cutting back a bit to OP mortgage would be fun, and it isn't; but it is satisfying!

ixia

Hi well done on your overpayments.

I have just taken out a santander mortgage my first payment goes out on the 28th. I telephoned them on Thursday to ask about overpayments and the guy I spoke to said you didn't have to make a minimum overpayment of £500 as long as the payment was enough to reduce the mortgage term by a month.

He couldn't tell me what the minimum I could pay yet was because I haven't made my first payment but he told me to call back a few days after I had made the first payment and they would know.

It's maybe worth giving them a call to check.

TheFactory

Hi!

At first I thought your username was Ladyboy1982!!!! :rotfl:

Well done on your first overpayments and becoming DF!

What I would say though is don't struggle to live to make your OP's, I think thats the key to maintaining long term motivation!