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2016 mfw
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Hi
Can I join again please, number 85? I think we'll try for £2500 which will probably be a bit of a stretch but there's nothing like a challenge to motivate you!
Thanks for running the thread
TSGMortgage £126746 DEC14 £122423.53 DEC15 £115041.70 DEC16 Remortgaged Sep17 to pay off HtB loan £150000 - £140500 JUL19 Moved house Oct19 £230000 £230400 DEC200 -
I'd like to join this challenge this year for the first time. Is my target meant to be just for the over payments or include the normal payment too?
There are so many different types of mortgages and personal circumstances that there aren't really particular rules of what is and isn't an overpayment - most people only include additional payments, but some include both regular and overpayments, and others have interest-only offsets etc. where the difference is a bit blurred anyway.
So the only thing I'd suggest is to pick a target that motivates you to go a little above and beyond what you might otherwise do in 2016 - ultimately the goal of the thread is to provide some extra support and motivation to attack the mortgage, whether it's to become mortgage-free for good or to bring the next step up the ladder a bit closer.0 -
Can I join up again please. I found this challenge really motivating 'last year' and would like to challenge myself to pay off £11,000 again. If possible, please could I keep last year's number - number 77?
Thanks very much Lomcevak.
MGx:jMortgage free 08.08.19 :j
2018: £19410.25 / £9,300 2017: £7646.64 / £11,000 2016: 4557.98 / £11,000 2015: £10,230.37 / £11,000 2014 =£6703.26 / £11,000 2013 = £4288.51 / £8000 2012 = £1600/£5000 2011 = £2579/£3000
MF date was Nov 2041 - mortgage neutral 23.07.18
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Please may I join the challenge?
We want to move home by the end of 2016 and need to build up a much bigger deposit than the equity we currently have available.
My target is £20,000. Taking our balance from £117,500 to £97,500.
Thank you
If nobody wants it/its not a faff on for you could I possibly be number 13?Save £10,500 - £2673.77 - 25.5%
Pay off £7000 - £1743 - 19.4%
Make £2021 extra income - £99.750 -
Hi I would like to join in again. If possible could I keep No.43 I am going to go for a target of £10,000. Hoping to have the mortgage down to £40000 by the end of 2016.Mortgage free 25/9/2019 8years and 7 months early 😁😁😁0
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Can I report my first OP of 2016 before I forget? Built in OP of £410.03 + £76 from my 1% challenge gives a January total of £486.03. / £6000 or 0.08%.know thyselfNid wy'n gofyn bywyd moethus...0
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My first OP pencilled in for tomorrow. Rounded up an insurance refund so £24 for Jan so far.MFW 2019#24 £9474.89/£11000 MFW 2018#24 £23025.41/£15000
MFi3 v5 #53 £12531/
MFi3 v4 #53 £59442/£393870 -
Hi Lomcevak,
Please can you put me down for £6468.73 this year. This will take our mortgage down to £110,000 :jMortgage - £105,5000 -
Hello not sure of number yet but first standard OP of £310 went out today and added a extra £100 to start the year! So Jan total is £410!
JodlesMFW2020 #115 250/3000 J-250
1% challenge- /1525Save 1k in 2020- /3000
Joining in UberFrugalMonthChallenge set up by the Frugalwoods!
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First OP of the year made, £114 for no 70. Thanks LomcevakMFW 2025 No. 7 £700/£1200
MFiT-T7 No. 6 £2392.98/£30,0000
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