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2018 Mortgage-Free Wannabes

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  • VDOT47
    VDOT47 Posts: 277 Forumite
    Is it too late to join for this year?


    Mortgage at 1/1/18 was c£262,000 (not got exact figure to hand) and the aim for 2018 is to overpay £20,000 (helped by a large overpayment already made in January thanks to a money transfer of £10,800).


    January update - Overpayments of £11,705 (this figure includes an approximation of what the overpayment created by my standard DD is due to the slightly reduced interest each month - how do people normally calculate this?).
    Original Mortgage (Feb '17) £269,995
    Current Mortgage (End 11/19) £226,790
    End Date November 2039 Original End Date February 2042
  • #162 sneaking in with a mop pot of £124.36 for January.
    Outstanding mortgage: £23,181 (December 19)
    MFW 2020 Challenge Member #10 0/£2318
  • Kittenkirst
    Kittenkirst Posts: 2,468 Forumite
    Part of the Furniture 1,000 Posts Photogenic Name Dropper
    Hi all,
    #20 with a total of £417.42 for January

    Really pleased as it means the op this month covered tbeinterest in full! :D
    First home- Oct’16 until June’21: £170.995- Overpayments made £13,784 (25% extra!).
    New forever home- Sep’21 £309,449 @ 2.05%. Plan to clear it before 30 years!!!!!!
  • Hi
    No. 134 reporting a February OP of £540
    Thanks
  • No 112 with an OP of £995 for February

    Thanks :)
    New House... New Mortgage! February 2017: £144,000 :eek:
    Current Mortgage Balance: £96,440.99
    2017 OP's:£5,935 2018 OP's: £11,956.00 2019 OP's: £11,988 2020 OP's: £1,998
    Total Debt[STRIKE] £29,209[/STRIKE] £0 :j:j:j Debt free 6/8/16
  • Morning!

    #46 popping in with a feb overpayment of £885.71.

    Extension is due to start in March, so I think this might be the end of the big OPs, and probably will scale down to the normal OP. We shall see.

    Thanks all

    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!!!
  • #172 checking in here - Goodness, that month dragged, glad to see February!

    Have ended the month with another overpayment of £1450, so that's a total for January of £2125. Need to pick it up for next month, but January is always a lean month for us.
  • #179 reporting in with an overpayment so far of £600. It's a start!


    Happy February everyone! There are some fab figures being reported already!!
  • Hi all


    No. 37 reporting standard OP for February of £160.21. Will be back at the end of the month with more.


    Thanks hiddenshadow
    MFW #37 2018 £1371.67/£2664 (51.5%) (2017 £2647.97/£2664 (99.4%)) Original End Date Dec 2038 Now November 2036
  • becky170
    becky170 Posts: 879 Forumite
    Part of the Furniture 500 Posts Photogenic Name Dropper
    Hi all. Number 7 here with an overpayment of £304 for Feb. Thanks hidden!
    Mortgage-free wannabe 2025 £571/3000
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