2018 Mortgage-Free Wannabes

beanielou

FTBlalala wrote: »

Hi everyone.

I am really loving these posts, so motivating. I have really loved MSE forums for ideas on saving more for our deposit and house advice etc. It's a really great community.

I am looking forward to joining the MFW 2019. So happy for everyone that is trying, succeeding, helping!

I am right at the beginning of my journey, we bought a 2 bed maisonette in June 2018. £216.5k mortgage!!! It can be pricey down south! We have already started OP'ing so are now at £214k outstanding after 4 1/2 months.

We are aiming to OP as much as possible in the next 5 years so we can upgrade to a longer term (potentially forever, who knows) house (around our 30th's). But best laid plans and all that.... hoping to keep on track here.

Looking forward to posting here a bit more often

Great start.

Mortgage_Minimiser

#46 reporting an October OP of £1,500.28

I've decided to start a diary now as I'm due to remortgage between now and end Jan.

Ideally this will be a 5 year fix and I would like to see the back of it in this time. It will be a HUGE challenge as the mortgage is £192k :eek: BUT, if you don't try etc etc.

So I started yesterday - would be lovely to have some of you along for the ride.

Have a ,ovely Sunday everyone!

MM
X

katsu

Hi. I haven't been here for a few years but may I drop back in and receive a challenger number? We've been doing some work on the house and solidly saving/OPing.

I would like to be MF in a year. Currently £21k to go, as we have made October OPs of £10,400 (using savings from more than just October - we don't have £10k extra monthly income - I wish we did )

We are having some major work done this autumn/winter so I am not sure how much more I can OP. I am going to set myself a target of £8k. Once we have paid for the works there might be a little bit left over that can be OPd and I will try and use a high target as motivation to avoid costalot coffees and minimise my grocery spends etc. I think I might be around £4-5k max but the target will help.

jackieblack

#4 reporting £69.42 OP for October
On target to have OP'd by the amount of interest charged for the year, meaning that every penny of my regular monthly payments has come off the capital balance :T :T

Many thanks pawlala and hiddenshadow

pawlala

katsu wrote: »

Hi. I haven't been here for a few years but may I drop back in and receive a challenger number? We've been doing some work on the house and solidly saving/OPing.

I would like to be MF in a year. Currently £21k to go, as we have made October OPs of £10,400 (using savings from more than just October - we don't have £10k extra monthly income - I wish we did )

We are having some major work done this autumn/winter so I am not sure how much more I can OP. I am going to set myself a target of £8k. Once we have paid for the works there might be a little bit left over that can be OPd and I will try and use a high target as motivation to avoid costalot coffees and minimise my grocery spends etc. I think I might be around £4-5k max but the target will help.

welcome #59!

clairebear_london

jackieblack wrote: »

#4 reporting £69.42 OP for October
On target to have OP'd by the amount of interest charged for the year, meaning that every penny of my regular monthly payments has come off the capital balance :T :T

Many thanks pawlala and hiddenshadow

What a great idea jackieblack to cover your interest amounts with the OP! Might pinch this idea for my target next year! Many thanks!

Also - pawlala - number 161 here £678 OP in October! :j thanks!

Cherryfudge

#30 with an October payment of £335.70.

It will probably be less from now on as I'm changing my work hours, but I'm still going to clobber it.

kerry90_2

Hello,
#51 reporting another £1000 OP for October - so £1518 is October OP total, which means I've hit my target! Will carry on OPing for the rest of the year to see how much I can boost it

bit_by_bit

#164 here: Another cheeky £45.17 added to my total which brings my total to £1008.58/£3200 paid this year.

Despite it being a lot less than I had hope this month I am happy. All our spare cash is going one the ever expensive new kitchen and remodelling.

life_is_sweet

#69 here,

Reporting an overpayment of £1118 for October
So £4144/7000 for the year so far
I'm going to have to think creatively to hit my target but I feel optimistic
Good luck all!
Lis