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2017 mfw

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Comments

  • Morning

    #46 here. Oct OP was a paltry £45.29 (interest on savings accounts) as most of the money went into savings for the extension....

    I shall be back next week with November's OP. Not on track to hit my stretch target, although I did hit my original target. If I take savings into account I have smashed it so don't feel too bad.

    Thanks Hidden

    M
    xx
    Mortgage 1 - 01/2/2015 - £243,750 ; Mortgage 01/11/2024 - £132,576.55
    Mortgage 2 - 2019 - £76,600 ; Mortgage 01/10/2024 - £47,763.29
    MFit-T5 - reduce to £140,000 MFiT-T6 - reduce to £110,000

    01/10/2024 Daily Interest - M1 = £18.27 (!!); M2 = £7.41

    Debt at highest point in 24 -£21,344
    Debt 1st November 24 - £16,192.18 24% paid. Focusing on this in earnest!!!
  • MsAnjiuk wrote: »
    Hi Hidden
    Will you be doing this again for 2018, if yes. I would love to join.


    Mortgage 2016 - £85,000 | 2017 - £67,323 MFW 2023

    That's the plan - will probably put up the 2018 thread/start that spreadsheet in December. :)
  • Eldrax
    Eldrax Posts: 30 Forumite
    Sixth Anniversary 10 Posts Combo Breaker
    Number 34 here reporting in with overpayment in November of £3,417, so I've hit my target for the year! Plan for next year is to pay off my mortgage before my 46th birthday (in February!).


    Thanks Hidden for keeping track. x
  • anna42hmr
    anna42hmr Posts: 2,887 Forumite
    Part of the Furniture 1,000 Posts Name Dropper
    Hi

    number 105 here, please can you put my op for november down as £215.26 please. That takes me to a YTD of £3367.86. so looks like i will be on track to meet my target with decembers payment.
    MFW#105 - 2015 Overpaid £8095 / 2016 Overpaid £6983.24 / 2017 Overpaid £3583.12 / 2018 Overpaid £2583.12 / 2019 Overpaid £2583.12 / 2020 Overpaid £2583.12/ 2021 overpaid £1506.82 /2022 Overpaid £2975.28 / 2023 Overpaid £2677.30 / 2024 Overpaid £2173.61 Total OP since mortgage started in 2015 = £37,286.86 2025 MFW target £1700, payments to date at April 2025 - £1712.07..
  • turtlemoose
    turtlemoose Posts: 1,681 Forumite
    Part of the Furniture 1,000 Posts Name Dropper Combo Breaker
    No 95 here with another payment for nov of 1715.28 which is a total of 1893.28 for Nov.
  • #16 registering £283.52 for November.
    2017 £4231.40/£4231.40 (100%)
    2018 £3483.18/£3483.18 (100%)
    2019 £2663/£2841.70 (94.65%)
    2020 £2290.17/£2290.17 (100%)
    2021 £1787.98/£1787.98 (100%)
    2022 Mortgage settled
    Mortgage neutral since 02/06/20
    Mortgage free since 10/05/22 🎉
  • We've just paid off our mortgage last week, it took us only 10 years out of the 25 year term, by making as many overpayments as possible on an offset mortgage. Not sure I can join this challenge as we've paid it off but happy to give any advice to others, I remember that feeling of wondering whether the overpayments would make a difference especially when the balance was still quite large, but we got there!
  • Hello. Number 39 declaring an OP of £257 for November please.

    Thank you v much.

    MM
    MFW Challenge 2019 - £2,420 / £2,420 - 100% :T
  • #46 here with November's OP.

    Only £85.25, which is the interest on our savings, but it's something at least. Everything's going into saving for the extension staring in March.

    Total OP for the year £5277.06. 70% of my stretch target. Tempted to take some savings and use them!

    Thanks Hidden !

    MM
    x
    Mortgage 1 - 01/2/2015 - £243,750 ; Mortgage 01/11/2024 - £132,576.55
    Mortgage 2 - 2019 - £76,600 ; Mortgage 01/10/2024 - £47,763.29
    MFit-T5 - reduce to £140,000 MFiT-T6 - reduce to £110,000

    01/10/2024 Daily Interest - M1 = £18.27 (!!); M2 = £7.41

    Debt at highest point in 24 -£21,344
    Debt 1st November 24 - £16,192.18 24% paid. Focusing on this in earnest!!!
  • anna42hmr
    anna42hmr Posts: 2,887 Forumite
    Part of the Furniture 1,000 Posts Name Dropper
    We've just paid off our mortgage last week, it took us only 10 years out of the 25 year term, by making as many overpayments as possible on an offset mortgage. Not sure I can join this challenge as we've paid it off but happy to give any advice to others, I remember that feeling of wondering whether the overpayments would make a difference especially when the balance was still quite large, but we got there!

    well done that must feel fantastic!
    MFW#105 - 2015 Overpaid £8095 / 2016 Overpaid £6983.24 / 2017 Overpaid £3583.12 / 2018 Overpaid £2583.12 / 2019 Overpaid £2583.12 / 2020 Overpaid £2583.12/ 2021 overpaid £1506.82 /2022 Overpaid £2975.28 / 2023 Overpaid £2677.30 / 2024 Overpaid £2173.61 Total OP since mortgage started in 2015 = £37,286.86 2025 MFW target £1700, payments to date at April 2025 - £1712.07..
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