2014 mfw

JCL

Spreadsheet updated.

Could you please remember to include your MFW number when posting updates and if making more than one payment in a month give me your running total for the month - makes the updates easier. Thank you.

Staffordia

Number 58 reporting a small overpayment of £50 this month

kirstypark

Hello, got a last minute windfall from the taxman :j so paid £526.41 into no 7 - i think the total is £1516.38 for jan?

MiffyMFW

First £500 cheque is on the way for #19.

Feels good to be on the way this year, I've been itching to post the cheque all month :-)

apple_muncher

#56 with a total January payment of £1132.90.

Thank you!

chocoholic_chick

No 39 reporting in with an overpayment of £200 taking my total for January to £250. Thanks JCL

chirpchirp

No 9 January overpayments total £1002.54:j:j:j

NewMoneySaver13

Guys,

I have just recently had my mortgage statement through for the year and it raised a concern in my head regarding overpayments, this seems like the best thread to ask the question.

I am currently on a repayment mortgage, whenever I have made any overpayments I have always asked for my monthly payments to remain the same and to reduce the length of my term. If my OP is more than the capital I pay on my monthly mortgage should I see a whole month reduced from my term?

For example if my capital each month is approx. £200 and I make an OP of £200 should my term reduce by a month?

Thanks

Mipmop

#53 with an overpayment of £338 :j

Thanks

ajmoney

No 70 with a final OP for January of £50, total is £250 :j