Newbie to MFW - can I join in please?

277 Posts

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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Sounds like you have a good solid plan, good luck!
Congrats on starting your MFW journey and I will be reading along with great interest!
KK xx
:exclamati Debt £1400/£6500 21.5% :exclamati
:question: Emergency Fund £0/£500 0% :question:
Tilly x
2011 £309k 10 years - MF March 2021.
Achieved Goal: 28/08/15 :j
2014 GOAL HIT 5 Stone! 2016 GOAL to be a MF marathon runner.
"A goal without a plan is just a wish"
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:
£129,176.55 Dmr 2005/ £90,485.00
Current savings £3000:T