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2014 mfw

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  • gallygirl
    gallygirl Posts: 17,240 Forumite
    Part of the Furniture 10,000 Posts Photogenic Name Dropper
    No. 48 gallygirl reporting in :D

    £1,558 for May for me please, total for the year of £4,016 :D.

    Hoping for a low OP for June and then some biggies :T.
    A positive attitude may not solve all your problems, but it will annoy enough people to make it worth the effort
    :) Mortgage Balance = £0 :)
    "Do what others won't early in life so you can do what others can't later in life"
  • black_taxi_2
    black_taxi_2 Posts: 1,816 Forumite
    Debt-free and Proud! Mortgage-free Glee!
    tallullah,the size of over payment is irrelevent,it's the total capital balance,end of the year.

    you could be repaying £500 a month,£300 o/p

    or £300 a month,£500 o/p

    all the best
    £48515 interest £181 (2009)debt/mortgage-MFIT/T2/T3
    debt/mortgage free 28/11/14
    vanguard shares index isa £1000
    credit union £400
    emergency fund£500
    #81 save 2018£4200
  • slowlyfading
    slowlyfading Posts: 13,429 Forumite
    Part of the Furniture 10,000 Posts Name Dropper
    No. 42 reporting it with an OP of £346.93 for May :)

    Happy June everyone :beer:
    Be who you are and say what you feel because those who mind don't matter and those who matter don't mind.
    Personal Finance Blogger + YouTuber / In pursuit of FIRE
  • Tahlullah
    Tahlullah Posts: 1,086 Forumite
    black_taxi wrote: »
    tallullah,the size of over payment is irrelevent,it's the total capital balance,end of the year.

    you could be repaying £500 a month,£300 o/p

    or £300 a month,£500 o/p

    all the best



    Is this correct Black Taxi? I thought this was about the overpayment you can make over and above your normal monthly payment, not about how much the overall capital will reduce in a year. If this is correct, them my target for the year is completely wrong.

    I guess I am struggling to understand because I have an interest only mortgage and so am not expected to pay anything beyond my interest. So, are you saying that the interest payment is the actual mortgage payment, and anything above that is the overpayment?

    If so, I will recalculate and come back with an amended figure for the rest of the year.

    Thanks for your input and interest Black Taxi. Very much appreciated.
    Still striving to be mortgage free before I get to a point I can't enjoy it.

    Owed at the end of -
    02/19 - £78,400. 04/19 - £85,000. 05/19 - £83,300. 06/19 - £78,900.
    07/19 - £77,500. 08/19 - £76,000.
  • Peonie
    Peonie Posts: 1,471 Forumite
    T, I have a repayment mortgage and I only count OPs not the capital reduction from our normal payments. But I think it's up to you as to how you want to set your targets. I see only Mfit3 as focussing on the total reduction through normal and overpayments.
    Pots: House £6966/£7100, Rainy day Complete, [STRIKE]Sunny day £0/£700[/STRIKE], IVF £2523/£2523, Car up-keep £135/£135, New car £5000/£5000, Holiday £1000/£1000, MFW #16 £2077/£3120
    MFiT3 #86: Reduce mortgage from £146,800 to £125,000
    Mortgage Sept 2014: £135,500, MF Oct 2035 Peak July 2011: £154,000, MF July 2036
  • apple_muncher
    apple_muncher Posts: 15,241 Forumite
    Part of the Furniture 10,000 Posts Mortgage-free Glee! Name Dropper
    #56 checking in with a May payment of £2169.

    Thanks jcl.
    NST March lion #8; NSD ; MFW9/3/23 Whoop Whoop!!!
  • sweepster
    sweepster Posts: 448 Forumite
    Hey JCL thats fine, its probably me not adding up correctly.

    As long as it was over the 2k upto now for the year I am happy.
    Aim to be mortgage free by 2017
    MFW 2016 overpayments here we go again £10000
    :T:T:T:T:T
  • girl_afraid
    girl_afraid Posts: 82 Forumite
    Part of the Furniture 10 Posts Combo Breaker
    #82 £50 overpayment paid, my total is now £1125 :)
    MFW 2014 #82 £2000 / £2000 MFW 2015 #82 £1200 / £1000
    MFW 2016 #82 £1200 / £1000 MFW 2017 #82 £2350 / £2000
  • lighthousescotland
    lighthousescotland Posts: 107 Forumite
    edited 2 June 2014 at 7:24AM
    Morning everyone. Please can you put me down for June OP OF £100. Thank you JCL. Congratulations Time To Face The Music! Keep going everyone else. All OPs big or small are great! :)
    MFW - number 11 :)

    OP Target for 2014 £1500 Mortgage now £43745
  • twistedhazel
    twistedhazel Posts: 217 Forumite
    no 102 reporting in with an op of £1122 for June please. Thanks as always.
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