My MF Mission 2015

lippy1923

Ok being thick now. SJ, please let me know if this is correct.

Last month my mortgage was £111, 241
This month it's £110, 372

Does that mean my net reduction is £869?

Ali-OK

Great work finding that £50 yesterday and your figures. :T

Yes you're right with your nett reduction too - it leaves aside the interest bit.

lippy1923

Thanks Ali.

Great to see your figures as well. Looks like we could be hitting the 5 figures together.

Ali-OK

Thanks Lippy - if I can keep up the pace I should be within a whisker of the 99s .. "this time next year Rodders, this time next year"

lippy1923

haha wicked. That's hopefully my goal as well. We can keep each other motivated. 99's here we come!

shangaijimmy

No fair, I'll be 20k behind you both!

Great figures, net reduction is a lovely stat I think. My aim is to average 1k a month but that's being very ambitious at the minute. Naturally in year 2 (starting in March) I'll up that target to reflect the reductions in daily interest. Hopefully that's how I'll get under the 10 year mark. Lots if stats, lots of targets, loads of ways at finding monthly positives!

lippy1923

I'm jealous of your net reduction SJ. Well over £1k! that's fab

We will get it under the 10 year mark! Nothing can stop us.... except job loss, death, natural disasters, children (they are born to financially drain us!) .... etc :rotfl:

shangaijimmy

Them pesky kids...!

lippy1923

They are worth it though!

lippy1923

Just had a thought. I am currently on a fixed deal with Nationwide. I understand if I want to swap products before the deal ends I would have to pay a penalty fee. However I am trying to find out if this penalty still applies if I moved my whole mortgage to another provider? Can't seem to find this info on their website. Anyone have any ideas?

I will obviously ask Nationwide directly, but just wondered if anyone may know/ if anyone has done this before?