We'd like to remind Forumites to please avoid political debate on the Forum... Read More »
We're aware that some users are experiencing technical issues which the team are working to resolve. See the Community Noticeboard for more info. Thank you for your patience.
📨 Have you signed up to the Forum's new Email Digest yet? Get a selection of trending threads sent straight to your inbox daily, weekly or monthly!
Diary of a MFW 8-10 Year Plan.
Options
Comments
-
Woah, it's been ages since i posted on here!!
We've continued to overpay though and are making progress. This year we overpaid to our maximum of 10%, reducing our outstanding debt to £73,600 from £85,400 in March. We regularly over pay £100 a month, and we have squirrelled away lump sums here and there when we realised we were getting nothing for them in a savings account.
We're due to remortgage in the middle of this year. Hopefully if interest rates are still good to fix then we will be able to continue to overpay yet more each month.
If things continue as they are i don't see why we couldn't get this paid off in ten years. However, we have a plan to look at moving to a bigger house in 5 years time...Sarah.
DD is 8 years old DS1 is 6 years old
DS2 is 14 months old0
This discussion has been closed.
Confirm your email address to Create Threads and Reply

Categories
- All Categories
- 351K Banking & Borrowing
- 253.1K Reduce Debt & Boost Income
- 453.6K Spending & Discounts
- 244K Work, Benefits & Business
- 598.9K Mortgages, Homes & Bills
- 176.9K Life & Family
- 257.3K Travel & Transport
- 1.5M Hobbies & Leisure
- 16.1K Discuss & Feedback
- 37.6K Read-Only Boards