Newbie to MFW - can I join in please?

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 :D

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!


  • Of course you can join! I kinda jumped in and didn't ask though so maybe I'm not the best to ask! :p

    Sounds like you have a good solid plan, good luck!
  • *Jellie**Jellie* Forumite
    3K Posts
    Part of the Furniture Combo Breaker
    Welcome Louby and good luck with becoming MF!
    2019 fashion on a ration 0/66 coupons
  • kansaskittykansaskitty Forumite
    137 Posts
    Tenth Anniversary Combo Breaker
    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! :D 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! :heartsmil
    :grin:Spreadsheeter, piggybanker, envelope-system user!:grin:
    :exclamati Debt £1400/£6500 21.5% :exclamati
    :question: Emergency Fund £0/£500 0% :question:
  • Tilly_MFW_in_6_YRSTilly_MFW_in_6_YRS Forumite
    7.8K Posts
    Mortgage-free Glee!
    Hi Louby, good luck with your plans, it's addictive :D

    Tilly x
    2004 £387k 29 years - MF March 2033:eek:
    2011 £309k 10 years - MF March 2021.
    Achieved Goal: 28/08/15 :j
  • HelenDaveKidsHelenDaveKids Forumite
    3.2K Posts
    Part of the Furniture Combo Breaker Mortgage-free Glee!
    Welcome on board!
    Morgage till Nov 30 GOAL MFW Sept 2016
    Aug 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"
  • KodagirlKodagirl Forumite
    136 Posts
    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:T
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