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Newbie to MFW - can I join in please?

louby_lou
Posts: 277 Forumite

Hi there,
Just bought my first home and am sat here thinking about paying off the mortgage sensibly.
Have spoken to Halifax this morning and after 3 phone calls have finally found out how much to pay and which method suits me best.
I'll be setting up a standing order to go out the same day as my regular mortgage payment for about £400 each month if possible - hopefully saving me a small fortune in the long run.
I have a limit of 10% maximum overpayment within the 2 years of the fixed rate mortgage but will try to fill an ISA with any pennies leftover.
Looking forward to joining you all and sharing my DFW journey
Just a note to anyone with a Halifax mortgage - I was advised today that a new (almost) real-time system will be introduced in March which will allow customers to track their mortgage balance, interest and payments. Bring it on!
Just bought my first home and am sat here thinking about paying off the mortgage sensibly.
Have spoken to Halifax this morning and after 3 phone calls have finally found out how much to pay and which method suits me best.
I'll be setting up a standing order to go out the same day as my regular mortgage payment for about £400 each month if possible - hopefully saving me a small fortune in the long run.
I have a limit of 10% maximum overpayment within the 2 years of the fixed rate mortgage but will try to fill an ISA with any pennies leftover.
Looking forward to joining you all and sharing my DFW journey

Just a note to anyone with a Halifax mortgage - I was advised today that a new (almost) real-time system will be introduced in March which will allow customers to track their mortgage balance, interest and payments. Bring it on!
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Comments
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Of course you can join! I kinda jumped in and didn't ask though so maybe I'm not the best to ask!
Sounds like you have a good solid plan, good luck!0 -
Welcome Louby and good luck with becoming MF!2019 fashion on a ration 0/66 coupons0
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Hiya Louby, I am with the Halifax, OPing by SO each month and started my own MFW journal on here today too! What a coinky-dink!
Congrats on starting your MFW journey and I will be reading along with great interest!Great news about the Halifax real time system too! Thanks for writing.
KK xx:heartsmil Stay-at-home-mummy of two, pinching the pennies but loving it! :heartsmilSpreadsheeter, piggybanker, envelope-system user!
:exclamati Debt £1400/£6500 21.5% :exclamati
:question: Emergency Fund £0/£500 0% :question:0 -
Hi Louby, good luck with your plans, it's addictive
Tilly x2004 £387k 29 years - MF March 2033:eek:
2011 £309k 10 years - MF March 2021.
Achieved Goal: 28/08/15 :j0 -
Welcome on board!Morgage till Nov 30 GOAL MFW Sept 2016Aug 11 - £100k Aug 2016.... It's GONE!!!!!
2014 GOAL HIT 5 Stone! 2016 GOAL to be a MF marathon runner.
"A goal without a plan is just a wish"0 -
Hi,Louby_Lou!!!
Congratulations on sorting out your O/Ps so quick,soooo jealous,took me 7 years to get my brain in gear!!:)
Wishing you all the best on your MF journey!!!
If your interested,AG and i,are thinking of setting up a support group, 'Mortgage overpayment calculator annonymous'.I warn you now,dont go near it,its addictive!!!:rotfl:Total Mortgage amount borrowed
£129,176.55 Dmr 2005/ £90,485.00
Current savings £3000:T0
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