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A long slow journey to mortgage freedom
Comments
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There are people on here with larger - can't think of any off hand except Cotswold Accountant but she's gone disappeario
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"0 -
Second what GG says
Tilly's *was* a large mortgage - but she has slammed it right down. But there are others - just maybe not prolific posters - so you are not alone 
xxI am the master of my fate; I am the captain of my soulRepaid mtge early (orig 11/25) 01/09 £124616 01/11 £89873 01/13 £52546 01/15 £12133 07/15 £NILNet sales 2024: £200 -
I wouldn't worry too much about your large mortgage, as Shangaijimmy says, it means you're earning more! As a comparison, your mortgage is more than double ours. On the other hand, the bank wouldn't even lend us that much money, so you're doing something right
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We've overpaid since our first mortgage so I'm thinking were seen as good lenders. Also for 3 years before moving to the forever home we paid the mortgage amount of the forever home to make sure we could afford it. I had the whole spreadsheet % ed up for increased bills and everything and I'm happy to say it was pretty accurate! This meant we had money to buy stuff and do the garden etc when we moved in.
Think I'll maybe relax a bit when I break the 200k barrier!:eek::rotfl:Mortgage balance Feb 2015 start of MFW Journey-£245316.06/Aim to be mortgage neutral 2022 — Target for May 2024 14 Year Target Balance MF50 = £89,535 — Mortgage Balance £106, 000—Target for May 2024! £89,535
Retirement Planning
Starting Position (Jan 2024) : Pension 1-£165,000/Pension 2-£50,000/Pension 3-£9,500/ISA-£87,000/Total-£311,5000 -
Thanks for cheering me up. I'm looking for repeats of escape to the country! :0)
I just need to keep chipping away and hope to read this post in a better position in a few years time!!Mortgage balance Feb 2015 start of MFW Journey-£245316.06/Aim to be mortgage neutral 2022 — Target for May 2024 14 Year Target Balance MF50 = £89,535 — Mortgage Balance £106, 000—Target for May 2024! £89,535
Retirement Planning
Starting Position (Jan 2024) : Pension 1-£165,000/Pension 2-£50,000/Pension 3-£9,500/ISA-£87,000/Total-£311,5000 -
Morning, I too was a large mortgage holder :eek:
We are soon to break the £100k barrier and that will be an :j:j:j day.
It is great to see the balance drop.
Good luck, Tilly x x2004 £387k 29 years - MF March 2033:eek:
2011 £309k 10 years - MF March 2021.
Achieved Goal: 28/08/15 :j0 -
escape to the country is really nice to watch but i wish sometimes they would do lower price houses on there more relasitic places ie under 140k i bet there is some really nice houses around in the country for under 150k istead of 500k+ most of the time lol
homes under the hammer is my fav tho :] get on bbc iplayer ilots of there :]Mortgage--- [STRIKE]£67700 March 15[/STRIKE] [STRIKE]£65221 April 15[/STRIKE] [STRIKE]£64983 July 15[/STRIKE] [STRIKE]£64780 sept 15[/STRIKE] Remortgage [STRIKE]£67295 oct 15[/STRIKE] [STRIKE]£66599 Nov 15[/STRIKE] [STRIKE]£65878.73 Dec 15[/STRIKE][STRIKE] £64834 1st Jan 16[/STRIKE] [STRIKE]Feb 16 £64,511.89[/STRIKE][STRIKE] March 16 £64,056.40[/STRIKE] [STRIKE]April 16 £62550[/STRIKE] [STRIKE]May 16 £62,396.20[/STRIKE] Feb 17 £60.800
Emergency fund 23k0 -
Hi Sque, another large mortgage holder here (£343000 :eek:) at the start of the journey.
Starting early must make a huge difference down the line but it does feel like the equivalent of grains of sand on the beach at times
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Tilly and Katep23- thanks for popping by. I'll have to have a read of your diaries!
So serious insomnia because of work stress. Upside is Overtime this weekend.....well not sure it's really an upside but it is when I'm posting here. I have a great Work life balance usually working 3 days a week so can't complain.......much!Mortgage balance Feb 2015 start of MFW Journey-£245316.06/Aim to be mortgage neutral 2022 — Target for May 2024 14 Year Target Balance MF50 = £89,535 — Mortgage Balance £106, 000—Target for May 2024! £89,535
Retirement Planning
Starting Position (Jan 2024) : Pension 1-£165,000/Pension 2-£50,000/Pension 3-£9,500/ISA-£87,000/Total-£311,5000 -
Just been reading some other diaries and I can't see anyone with as huge a mortgage!!!! I'm actually freaking out!!:eek: :eek: :shocked:
Hi Sque with any luck, I'll be joining you soon with a similar size mortgage.Start Date 16/09/2015
Original amount outstanding = 225,000 Current amount outstanding =199,812
Original LTV = 64% Current LTV = 49%
Original Pay Off Date = Sep' 36 New Pay Off date = Sep' 36
Original Dly Int = 17.17 New Dly Int = 17.17 Total OP = £1319.310
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