We’d like to remind Forumites to please avoid political debate on the Forum.
This is to keep it a safe and useful space for MoneySaving discussions. Threads that are – or become – political in nature may be removed in line with the Forum’s rules. Thank you for your understanding.
The MSE Forum Team would like to wish you all a Merry Christmas. However, we know this time of year can be difficult for some. If you're struggling during the festive period, here's a list of organisations that might be able to help
📨 Have you signed up to the Forum's new Email Digest yet? Get a selection of trending threads sent straight to your inbox daily, weekly or monthly!
Has MSE helped you to save or reclaim money this year? Share your 2025 MoneySaving success stories!
2018 Mortgage-Free Wannabes
Comments
-
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 20420 -
#162 sneaking in with a mop pot of £124.36 for January.Outstanding mortgage: £23,181 (December 19)
MFW 2020 Challenge Member #10 0/£23180 -
Hi all,
#20 with a total of £417.42 for January
Really pleased as it means the op this month covered tbeinterest in full!
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!!!!!!0 -
Hi
No. 134 reporting a February OP of £540
Thanks0 -
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 6/8/160 -
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 xMortgage 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!!!0 -
#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.0 -
#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!!0 -
Hi all
No. 37 reporting standard OP for February of £160.21. Will be back at the end of the month with more.
Thanks hiddenshadowMFW #37 2018 £1371.67/£2664 (51.5%) (2017 £2647.97/£2664 (99.4%)) Original End Date Dec 2038 Now November 20360 -
Hi all. Number 7 here with an overpayment of £304 for Feb. Thanks hidden!Mortgage-free wannabe 2025 £571/30000
This discussion has been closed.
Confirm your email address to Create Threads and Reply
Categories
- All Categories
- 352.9K Banking & Borrowing
- 253.9K Reduce Debt & Boost Income
- 454.7K Spending & Discounts
- 246K Work, Benefits & Business
- 602.1K Mortgages, Homes & Bills
- 177.8K Life & Family
- 259.9K Travel & Transport
- 1.5M Hobbies & Leisure
- 16K Discuss & Feedback
- 37.7K Read-Only Boards