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2016 mfw

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  • no 82 overpayment of £100 for February, thanks Lomcevak :)
    MFW 2014 #82 £2000 / £2000 MFW 2015 #82 £1200 / £1000
    MFW 2016 #82 £1200 / £1000 MFW 2017 #82 £2350 / £2000
  • linzipinz
    linzipinz Posts: 65 Forumite
    edited 11 February 2016 at 12:34PM
    no 71 reporting in, i'd like to set my target for the year as £5000.

    so far upto today i have overpaid £1145.46 in january and early feb, i will report in each payment now as i make it got a bit sidetracked recently
    Initial mortgage £101,700 Jan 2016 initial end date Aug 2038
    Current mortgage end of March 2016 £95889.58 Aim to pay mortgage off by 2025
    Over payments since Jan 16 £5169.79 :rotfl:
  • No. 64 - £125 O/P for February.

    Thanks.
    As my Mum always said "Look after the pennies and the pounds will look after themselves"
  • Petal88
    Petal88 Posts: 273 Forumite
    Tenth Anniversary 100 Posts Name Dropper Combo Breaker
    Number 23 reporting a £125 OP for February. Thanks Lomcevak!
    Mortgage Oct '20: £615k
    Mortgage Feb '24: 590k
    Debt Feb'24: £35,501.54
  • Lomcevak
    Lomcevak Posts: 1,026 Forumite
    Part of the Furniture 1,000 Posts Name Dropper
    edited 13 February 2016 at 12:42PM
    Spreadsheet updated - well done everyone!

    secondtoughest
    - best of luck with whatever your change of circumstances throws at you, do feel free to come back to the challenge if plans change!

    linzipinz - thanks for the target update, good luck!

    Miss Pinky
    Hope all the dribs and drabs is ok. Would it be easier if I totalled it up once a month?
    I don't mind either way - personally I'm a huge fan of the 'chip away at it' approach to getting rid of the mortgage, with OPs large or small whenever there's a bit of spare cash, I think that's a really great way to attack bring the balance down. So i'm happy if people report several smaller payments over the month rather than one big one - I find it quite motivational.

    It helps me if people let me know the running total too though (as you have done!) as otherwise it can sometimes be a bit confusing :)
  • Number 14 reporting a £200 OP, bringing the total for Feb to £500.

    MC
    Initial mortgage (Dec 2012) £108,000 3.84%APR MF date Jan 2038

    Mortgage remaining £68285
    Daily interest £4.28
    2017
    MFW #14 £3746.90/£10,000
  • #27 Have just o/p £44.33 making total for Feb so far - £65.61
    Always have 00.00 at the end of your mortgage and one day it will all be 0's :dance:
    MF[STRIKE] March 2030[/STRIKE] Yes that does say 2030 :eek: Mortgage Free 21.12.18 _party_
    Now a Part Timer from 27.10.19
  • Mortgage_Minimiser
    Mortgage_Minimiser Posts: 337 Forumite
    Part of the Furniture 100 Posts Name Dropper
    edited 14 February 2016 at 12:55PM
    #46 reporting February overpayment of £124.92.

    Still aiming for £3500 this year but have decided to pay extra off the £6.5 k 0% interest CCs in Jan & Feb.....just because they are bugging me.


    OPs might stay at low values for a while until the CCs are paid. We shall see. Not quite decided yet.


    Good luck everyone...!
    MM
    Mortgage 1 - 01/2/2015 - £243,750 ; Mortgage 01/11/2024 - £132,576.55
    Mortgage 2 - 2019 - £76,600 ; Mortgage 01/10/2024 - £47,763.29
    MFit-T5 - reduce to £140,000 MFiT-T6 - reduce to £110,000

    01/10/2024 Daily Interest - M1 = £18.27 (!!); M2 = £7.41

    Debt at highest point in 24 -£21,344
    Debt 1st November 24 - £16,192.18 24% paid. Focusing on this in earnest!!!
  • sweepster wrote: »
    #120 £270. for feb only.

    Had a crappy month tbh the boiler broke so i had to sort that out . Then on Sunday we got broken into so we need to up security at the house. Looking at a very large gate and lights etc. Might have to take off the mortgage as a have a flexible one, but on the upside i am putting at least 10k in in June.

    Fingers crossed February is a better month and well done everyone.

    Keep going.

    That's really rubbish, sweepster. Have you managed to get everything sorted out? I hope you manage to recover anything that might have been stolen and they catch the culprit.
    2016 MFW no. 47 £0/£3,000
    MFiT T4 no 26 Start bal £149,294, Current bal £149,294, Target bal £134,294
    Make £2,016 in 2016 £1180.55
  • No. 47 here. So far I have not made any overpayments. My DH is off work due to a bad back and is on Stat Sick Pay. I am putting money away to make an overpayment as soon as I know we don't need the money as back up, but I won't declare that amount because the figure could go down. However, I still hope to meet the challenge I have set us, so I thought I'd just pop in to say hello and that I'm still here.

    Well done everyone on the progress you are making so far.
    2016 MFW no. 47 £0/£3,000
    MFiT T4 no 26 Start bal £149,294, Current bal £149,294, Target bal £134,294
    Make £2,016 in 2016 £1180.55
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