Project 2018

julicorn

Congratulations! And I hope you get your redemption letter ASAP - I'd probably be tempted to frame it and put it on the wall :rotfl:

zcrat41

Wow, that’s some amazing overpaying!

What do you plan to do with all your money now?!

greent

Brilliant! :T :T

Ms-Bristol

On 21st August (3 weeks after I paid the final amount) Barclays wrote us a letter to confirm the mortgage had been paid off in full. The letter arrived on 28th August. So it is official now and there was no mortgage payment collected for August.

It took us 10 years and 8 months to pay off that mortgage. Our previous mortgage was ported into this one, so we have had a mortgage for just over 14 years.

What next? Well old habits die hard and clearing your mortgage off means that you have no savings. So I have sold my old car and carried on saving each month. I now have £8500 in my savings account which feels a bit more comfortable that when it was down to zero!

The plan is to buy an investment property so I am going to save up a deposit for a buy-to-let mortgage.