2014 mfw

turtlemoose

No 128 sadly withdrawing for 2014. The oh-so-more-cleverer than me people on this board have made me realise that now is not the time to be mortgage OP-ing, and instead those funds will be OP-ing a personal loan.

So sorry JCL to cause you extra admin

If all goes to plan I'll be back with a vengeance in 2017, ready to batter the mortgage and pay it off in around 8 years!

RoxieW

Hello I would like to join in please. Skipping over from my deposit saving thread on house buying.

My mortgage outstanding in £158,500. 25 yrs remaining.

We are only allowed to overpay by 3k for the next 5 years so will do that.

However, we are aiming to be mortgage free in 5 years. We will put the difference (roughly 28k) each year in a savings account ready to pay off when the 5 yr fixed period expires. This will see us mortgage free in 5 years - at age 36. Fingers crossed!

suse*

Number 65

March op - £168.81
total op - £519.80

I think I might have to reduce my target for this year, but I'll leave it as it is for now still.

elantan

Elantan no 2 here can you add £250 for March please

Thanks

Shepherds_Wife

Made the monthly over payment of £1,000:jback at the beginning of the month.

Sorry for not posting sooner.

Welshlassie

#126 checking in
Have just made an OP of £17,846.97

Way more than I anticipated but had an unexpected windfall so have maxed out our 10% OP for this year. Gives us a total for the year of £17,942.35

There won't be any further OP's this year, but already have next years 10% ready and half of the following years - by which point we'll be out of our tie in period and in a position to switch (potentially) to a repayment.

Thanks for running this, I feel a bit of fraud saying target reached because it wasn't as a result of our direct efforts, but still we have reached the target and we are all in it for the same end result so I hope people as ok with this.

JCL

usa1 wrote: »

£20.00 for Halifax Mortgage No. 2

Hi usa1 - is that in addition to your £350 overpayment already made in March? Please include your MFW number and a running OP total for the month if posting more than one. If you can confirm please I will include in next week's update.

This week's update has been done. New numbers allocated to Lotti1982 (34) and RoxieW (130).

Big congratulations to Welshlassie - not a fraud at all!

Jolaaled

MFW # 115. Please can you put me down for £2500 for March please.
thanks so much.

greent

Hello!


No 35 belatedly reporting in for January/ £615.23 and February/ £45.23.


Many thanks!

SuperSecretSquirrel

Another £499.99 OP'd today by #30

March total so far £999.98, running total for 2014 £3841.96

Feel like I'm cheating a little. This OP is the first one this year that has come from savings not extra earnings... Have decided to OP the full 10% annual allowance over the course of the next few weeks from savings, and then repay savings with extra earnings later in the year. It makes life a little simpler for us when planning around maternity pay, and makes a lot of financial sense considering our mortgage rate is higher than our savings rate. I'll stick with this thread, but it's no longer much of a challenge for me really!