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1st time lucky!!!
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rkd_999
Posts: 19 Forumite
Hi all, I've been lurking in these forums for a while, taking note of the hard work everyone puts into paying of their mortgages.
My mortgage is 1368 a month and I owe £216k with 18 years left on the term. My aim is to pay this off in the next 8 years if possible. I have started by overpaying by 1000 today and am in the process of clearing out the house for car boots and eBay - with this money being added as an overpayment as well. I notice some people make money off surveys - which sites would you recommend?
In terms of other spending - I am pretty money savvy and always have to get a deal or cash back, but will start paying all of this into the mortgage as well.
I am due a work bonus at the end of the month so am planning to put that against the mortgage as well as any money from my tax return (claim for work mileage).
I do have a cap on the money I can add to the mortgage this year and that is 10% of the balance but not sure I will be anyway near it - my aim is to at least overpay by 10000 which sounds like a huge number!!
I'll be posting everytime I make some progress on this.
Happy Tuesday!!!
My mortgage is 1368 a month and I owe £216k with 18 years left on the term. My aim is to pay this off in the next 8 years if possible. I have started by overpaying by 1000 today and am in the process of clearing out the house for car boots and eBay - with this money being added as an overpayment as well. I notice some people make money off surveys - which sites would you recommend?
In terms of other spending - I am pretty money savvy and always have to get a deal or cash back, but will start paying all of this into the mortgage as well.
I am due a work bonus at the end of the month so am planning to put that against the mortgage as well as any money from my tax return (claim for work mileage).
I do have a cap on the money I can add to the mortgage this year and that is 10% of the balance but not sure I will be anyway near it - my aim is to at least overpay by 10000 which sounds like a huge number!!
I'll be posting everytime I make some progress on this.
Happy Tuesday!!!
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Comments
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Good luck on your journey, I'll be following your progress.
My mortgage is £230,000 :eek: but over a lot more years than you.
Where about's do you live?0 -
Take at look at the matched betting forum........ read read read then read some more before seeing if it's for you, FAR more lucrative than surveys IMHO.0
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Good luck rkd, I'm sure you will hit your 8 year target if you can OP 10k a year
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Just a quick follow up have made an additional payment of 1330, which was part bonus and I had 300 refund as well in April. Still need to do eBay selling but maybe next week for that!!0
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Oh wanted to add that 2300 has taken 4 months of the term!!0
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