A way to pay! Clear this mortgage before 30 years!

obay

kirtsypoos wrote: »

It's addicitive obay!!

I want to get my interest down to £400ish/month so when I come to remortgage it'll be lots cheaper!

it'll take me £6000 to get to around £400 for the interest.

Which means I am currently £5699.26 short, currently.

lippy1923

obay wrote: »

I want to get my interest down to £400ish/month so when I come to remortgage it'll be lots cheaper!

it'll take me £6000 to get to around £400 for the interest.

Which means I am currently £5699.26 short, currently.

Great that you have a goal, now to find a way to achieve it. What's your plan to find your £5699.26 shortfall?

obay

lippy1923 wrote: »

Great that you have a goal, now to find a way to achieve it. What's your plan to find your £5699.26 shortfall?

Going to work on the company a bit harder, already been a really strong month with a lot more sales then normal, should hopefully help as I am featured on the 19th of December in a massive online forum. Hopefully that'll drive some more sales so I can get there faster!

Also; got my wife's Christmas present today, she wanted Ugg boots, I missed the blackfriday deal as they was only £99 i think, ended up paying £150 but she's worth it... every penny...

Could've put the money to the mortgage, but we have to set some boundaries!

In other news, nearly had a car crash today, some idiot was over taking on a corner..

obay

I'm nearing the £151,000 mark on my mortgage, I have a fair whack to go but I can see it in sight! I have £1,000 to go to clear my mortgage to £150,000 do little goes work and make you motivated? Yes they do!

lippy1923

Yes little goals certainly do. £150k mark is a good target. Then £125k.
I have just managed to get under £100k myself and feel great. Next goal is the £75k for me

obay

lippy1923 wrote: »

Yes little goals certainly do. £150k mark is a good target. Then £125k.
I have just managed to get under £100k myself and feel great. Next goal is the £75k for me

Wow! Yes, thats fantastic! How long did it take you to get under 100k?

So, bit of an unsetting day, have to get half the roof re-felted as it's letting water run down the house. Need some new tiles that are for ventilation.

That's £1,000 gone... just to get that redone

Anyhow, it's the dream house better make it water tight...

So another overpayment of £50 gone to the mortgage anyways from todays takings.

That brings me up to £350.74 in total for December.

NorthernMonkey1

Hi there

Freehold and a garage were my two requirements for the house that I bought. The house has problems, but not having a leasehold, and an evil lease owner makes it more than worth it.

lippy1923

obay wrote: »

Wow! Yes, thats fantastic! How long did it take you to get under 100k?

So, bit of an unsetting day, have to get half the roof re-felted as it's letting water run down the house. Need some new tiles that are for ventilation.

That's £1,000 gone... just to get that redone

Anyhow, it's the dream house better make it water tight...

So another overpayment of £50 gone to the mortgage anyways from todays takings.

That brings me up to £350.74 in total for December.

It took 5 years but the first 2 years we didn't really get going on over payments (really regret not starting sooner) and the next year we had our son, so I was on mat leave for a year so OP's were as and when, often small. It was only in the last 2 years we have really made a dent, paying the maximum allowed each month.


Ouch for £1k on the roof. As long as its the dream house you will be spending the majority of your time there, so its all worth it

obay

lippy1923 wrote: »

It took 5 years but the first 2 years we didn't really get going on over payments (really regret not starting sooner) and the next year we had our son, so I was on mat leave for a year so OP's were as and when, often small. It was only in the last 2 years we have really made a dent, paying the maximum allowed each month.


Ouch for £1k on the roof. As long as its the dream house you will be spending the majority of your time there, so its all worth it

Everyone's got there pace, it's not bad man! We're thinking about extension although I told my wife it's best if we do it after we remortgage a second time (so I can pay down the mortgage faster I suppose?)

My little man is 3 years old, little tropper, he had a hard time settling in here for the first week because we was up and decorating, no worries now as his fully settled and loving life again!

obay

Just working out my stats to keep my self motivated!

When I started the mortgage I had a LTV of 85.17%, with my overpayment of £350.74 so far this month I now own an extra 0.29% in my house, my LTV is now 84.88%, so addictive! - I am still pretty amazed on how much small overpayments can take into effect on getting the mortgage debt down.

I have effectively, paid £1509.77 towards the mortgage this month, which includes the £1209.03 payment that I had to pay at the beginning of the month.

I am currently paying £20.09 per day in interest, of which I am hoping to get down to £15/day (aprox)


I am left with £151,089.23 to pay - I'll update my signature in January!

If I make my target of £6,000 this year I will effectively own 80% of my house.