2014 mfw

icontinuetodream

No 92 with a £30 op....total to date for june £680. Thanks JCL

JCL

This week's update has been done - great overpayments already in June - well done all!

In terms of what is to be classed as overpayments. Personally, I consider it anything over and above your regular mortgage payment. For repayment mortgages that's the amount the bank and building society say you must pay each month. For interest only it would be any payments over and above your interest payment. Each to their own though.

lauraw82

£150 op just made for #50 please, my current total for June so far is £250.
Thanks JCL

Tahlullah

Hello JCL,

Thanks for the clarification on what is classed as an overpayment.

Based on your clarification, I need to reset my figures please.

I would like an overall annual target of £12k, £1k per month. Not sure if I will manage it, but that's what a challenge is for, trying to achieve something you feel may be difficult.

So overpayments so far this year are

January £700
February £900
March £1100
April £1100
May £1000

Thanks, and sorry for the confusion.

Tx

Jay125

Please may I join

Mortgage at its worsted £60,000 1999.
Virtually paid off (£12) in July 2009 but new I was moving and wanted to keep the current mortgage. Tracks Bank of England plus 0.49% with a savings pot that offsets the interest.
New mortgage £30,000 July 2009.

Current mortgage £ 23284.71 int 0.99%
Savings pot £ 17384.71 int 0.99%
Diff £5900.00

Current plan to withdraw £17000 to put in 123 account earning 3 % less tax int and earn cashback on mortgage payment.

My aim is to then over pay mortgage and by 31/12/14 to have a savings pot minimum £ 5900 so the combination of 123 and pot is greater then mortgage.

I have 7 pay days to achieve this.
£118 of capital
£19 interest
£843 over pay
Total £981 per month.

I have spent last couple of weeks overhauling finances using MSE and should be able to achieve from monthly pay £ 681 leaving £300 short. I have joined 1% challenge! Earn £5 a day to try and met this shortfall.

Thank you all at MSE :money:

ajmoney

No 70 reporting another OP of £50 for June taking this month's total to £200. Thanks JCL.

teabody

#96 just made an op of £500

Lomcevak

Lomcevak wrote: »

#12 reporting in with £350 for June, once again there should be a bit more in a week or two

Another £250 in today, so £600 for June please - that's everything this month

Almost at the £170k barrier, had hoped to to break it this month but not to be - next month it is then, onwards and downwards

UnionGirl

No. 64 - £125 O/P for June.

Thanks.

Tiniker

Hi, No 26, overpaid £500 each month Apr, May and June :j