2015 mfw

rd07

Hi, first overpayment of the year for me (#95) of £475. Thanks

shangaijimmy

Just done the live chat thing with Sky and managed to get broadband free for 12 months. At first they offered half price, but i stayed strong and kept using talk talks offer as the threat to switch!

Thats a' £7.50 overpayment every month sorted!

MiffyMFW

Happy New Year all and good luck with your OPs in 2015!


£1494 overpayment to start the year for number #37


This is me maxed out now until mid March. First year that I've managed the full 10% so balance falling nicely.

Chops23

Hiya,

Can I please set a target of £5000, I was number 134 in 2014 but not too worried about keeping it.

Thanks

Longley09

First overpayment of the year for me (Number 19)


£138.45 from my target of £1,500 (usual monthly payment of £125 plus £13.45 to round an account down to a nice round number)


Hopefully the first of many!

PiggyBankShaker

This month's big overpayment went out today - £1000. All the rest will now be made up of what extra we can make on eBay etc

NewMoneySaver13

MFW No.148 reporting in with the first OP of the year of £500.

I am hoping to have a good start for the first few months to give me a nice head start and a bit of freedom should I have some months where I cannot put in as much as originally planned.

VoucherMan

Scraped together the Christmas leftovers, along with my regular monthly op, so

£500 for no. 13

Thanks

No more top up ops until May now. Too many bills to pay.:(

shangaijimmy

Can someone help me to work out exactly how much interest we are saving. We started at £163k and are currently on 4% interest. I'd like to know how to work out how much interest we'd save for each year we knock off the 30 year term, but have no clue or expertise on where to start!!

pathtofreedom

shangaijimmy wrote: »

Can someone help me to work out exactly how much interest we are saving. We started at £163k and are currently on 4% interest. I'd like to know how to work out how much interest we'd save for each year we knock off the 30 year term, but have no clue or expertise on where to start!!

You have have a play with this to see how much different monthly op's help.

http://www.moneysavingexpert.com/mortgages/mortgage-overpayment-calculator

You should get statements probably yearly from your mortgage company. You might be able to phone them to get a rough statement over the phone once in a while, but it depeneds as well if they pay your interest monthly or daily etc as to how accurate that is on any given day. That or if you have internet banking for your mortgage you might be able to work out your daily interest by checking it for a couple of days, and seeing how much it goes up by each day.