mortgage free by 45 diary

suse*

Time for a round up I think.

Mortgage interest added this year £1331.37
Mortgage interest added in May £274.00
Mortgage op's this year £1279.80
Mortgage op's in June £270

So that means I am still a bit behind already by £51.57 and that is before we get through the interest for june being added on. So really I probably need to op another 320ish to get it back to balance out.

I will have to have a think, as I have still been tinkering with my pension % payments to try and make the money I'm getting stay below the 40% rate that way. I have some overtime to be paid this month and next so that will confuse my figures again, but I think for now I'll stick to the 270 op a month, and can always see how my savings are looking closer to christmas. Then I can decide after that if I even up the op's up again to make it match the interest added.

Looking at it like that though just 52 quid interest, or 320 even extra being added over 6 months, sounds a lot better than the 1331.37 it could have been, well 1601 by the end of the month. So it all helps to get the ltv down before the price drops even more anyway.

suse*

Another month another payment. I have made it to 78% ltv though which is brilliant for me as I think a value of 140k is resonable right now. It isn't the 160k I paid still, but at least the lower the ltv gets now the better options it should give me later, and if the house price does ever go back up again that is just a bonus.

So here is the round up for the month
Mortgage interest added this year £1588.83
Mortgage interest added in June £257.46
Mortgage op's this year £1549.80
Mortgage op's in July £270

So that means just £39.03 has been added as more interest than op's this year now. So next months op should mean it is more than the interest that has been added over this year.

With tinkering with my pension contribution % to try and keep out of 40% tax that is now at 29% including the extra work add to price match what I pay etc. So hopefully that should start to grow quite nicely too, as starting that late has been worrying me a tad too.

suse*

Mortgage interest added this year £1853.82
Mortgage interest added in June £264.99
Mortgage op's this year £1869.80
Mortgage op's in July £320
Balance £109689.65
LTV 78%

Woo hoo so I have op'd more than the interest that has been added this year, so I am determind to keep ahead of that now. :T

I have been doing lots of overtime as work is short staffed, but I have been trying to adjust my pension contrabutions each month so most of that goes in to their to keep the tax bill down and out of 40%.

This month I am going to make more of an effort for reducing food and takeaway bills, as well as listing items on preloved etc to try and boost my income a bit that way.

I have also been thinking about cancelling sky, and maybe also changing to fiber broadband, but I need the weekend work to stop before I can risk changing that. If there was something I really had to watch on sky I could just get now tv for a month or two and watch it on there, so it isn't like I'd have to have sky again to watch game of thrones or something legally. I never watch anything when it is live though as I hate adverts, so I need to decide between freeview, freesat or youview I think, and weight the costs up for each of those boxes to be able to record. I only have basic sky which is £21.50 so even if I get an expensive freeview box over a year that would still pay for itself then.