2016 mfw 23 December 2015 at 10:39AM edited 3 July 2016 at 8:56AM in Mortgage-Free Wannabe 1K replies 84K views

TwentySomethingGirl

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


TSG

Lomcevak

emg wrote: »

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.

mortgage_girl

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

XSpender

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?

utopiah

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.

pavlovs_dog

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%.

bunty109

My first OP pencilled in for tomorrow. Rounded up an insurance refund so £24 for Jan so far.

PrincessLou

Hi Lomcevak,

Please can you put me down for £6468.73 this year. This will take our mortgage down to £110,000 :j

jodles16

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!

Jodles

ajmoney

First OP of the year made, £114 for no 70. Thanks Lomcevak