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2018 Mortgage-Free Wannabes

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  • Lomcevak
    Lomcevak Posts: 1,026 Forumite
    Part of the Furniture 1,000 Posts Name Dropper
    edited 1 May 2018 at 9:27PM
    #11 with an OP of £630.99 for May, making £3150.99 for the year so far and taking me just under the £80k mark at £79,884 :D

    The rather odd amount (an extra £30.99 over my normal £600) marks the last month of my 'old' 5-year fixed mortgage, and makes it a nice round £55,000 in overpayments and saved interest since I took the mortgage out in 2013.

    In other words, if I hadn't made a single OP in that time and just followed the agreed repayment schedule, i'd still be on £134,884 with ten years to run!!!, whereas at current course and speed I should be done in under three. Stretch target is to be done when my new two-year fixed expires in 2020...
  • Brambleberry
    Brambleberry Posts: 287 Forumite
    Tenth Anniversary 100 Posts Photogenic Name Dropper
    No 110 reporting in with £200 for May.

    Thank you hiddenshadow :)
    ***Mortgage Free Oct 2018 - Debt Free again (after detour) June 2022***
    Never underestimate the power of a beautiful spreadsheet
  • Kittenkirst
    Kittenkirst Posts: 2,468 Forumite
    Part of the Furniture 1,000 Posts Photogenic Name Dropper
    Lomcevak wrote: »
    #11 with an OP of £630.99 for May, making £3150.99 for the year so far and taking me just under the £80k mark at £79,884 :D

    The rather odd amount (an extra £30.99 over my normal £600) marks the last month of my 'old' 5-year fixed mortgage, and makes it a nice round £55,000 in overpayments and saved interest since I took the mortgage out in 2013.

    In other words, if I hadn't made a single OP in that time and just followed the agreed repayment schedule, i'd still be on £134,884 with ten years to run!!!, whereas at current course and speed I should be done in under three. Stretch target is to be done when my new two-year fixed expires in 2020...

    So motivating seeing your figures! Well done :T
    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!!!!!!
  • Kittenkirst
    Kittenkirst Posts: 2,468 Forumite
    Part of the Furniture 1,000 Posts Photogenic Name Dropper
    Hi all,
    #20 Kittenkirst with April OP of £542.98 which has been posted by a small annual bonus, tilly tidies, some interest and survey :D

    YTD is now £1438.54 which is 48% of my years target l!
    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!!!!!!
  • Cherryfudge
    Cherryfudge Posts: 13,335 Forumite
    Part of the Furniture 10,000 Posts Name Dropper
    I noticed Hiddenshadow hasn't been on the forums for a couple of weeks. I hope everything's okay.
    I think a bit of sunshine is good for frugal living. (Cranky40)
    The sun's been out and I think I’m solar powered (Onebrokelady)

    Fashion on the Ration 2025: Fabric 2, men's socks 3, Duvet 7.5, 2 t-shirts 10, men's socks 3, uniform top 0, hat 0, shoes 5 = 30.5/68
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  • greent
    greent Posts: 10,787 Forumite
    Part of the Furniture 10,000 Posts Name Dropper Photogenic
    Cherryfudge wrote: »
    I noticed Hiddenshadow hasn't been on the forums for a couple of weeks. I hope everything's okay.


    I think hidden has been away - they are back now, though, so no doubt will catch up here after catching up with life stuff :)
    I am the master of my fate; I am the captain of my soul
    Repaid mtge early (orig 11/25) 01/09 £124616 01/11 £89873 01/13 £52546 01/15 £12133 07/15 £NIL
    Net sales 2024: £20
  • beanielou
    beanielou Posts: 95,697 Ambassador
    Part of the Furniture 10,000 Posts Academoney Grad Mortgage-free Glee!
    edited 2 May 2018 at 12:09PM
    £11 paid today on top of normal payment.

    Sorry, number 144.

    Thanks Hiden Shadow :)
    I am a Forum Ambassador and I support the Forum Team on Mortgage Free Wannabe & Local Money Saving Scotland & Disability Money Matters. If you need any help on those boards, do let me know.Please note that Ambassadors are not moderators. Any post you spot in breach of the Forum Rules should be reported via the report button , or by emailing forumteam@moneysavingexpert.com. All views are my own & not the official line of Money Saving Expert.

    Lou~ Debt free Wanabe No 55 DF 03/14.**Credit card debt free 30/06/10~** MFW. Finally mortgage free O2/ 2021****
    "A large income is the best recipe for happiness I ever heard of" Jane Austen in Mansfield Park.
    ***Fall down seven times,stand up eight*** ~~Japanese proverb.     ***Keep plodding*** Out of debt, out of danger. ***Be the difference.***
    One debt remaining. Home improvement loan.
  • hiddenshadow
    hiddenshadow Posts: 2,525 Forumite
    happytobehere wrote: »
    Hi, can I join in the fun?

    Welcome! You're #48. :) What's your target?

    I hope your treatments go well and you can throw all your savings at the mortgage stress-free. :)
  • hiddenshadow
    hiddenshadow Posts: 2,525 Forumite
    julicorn wrote: »
    Hi everyone, I'm the new kid - hope it's not too late to join? We only got a mortgage in December and I've just made my first overpayment, really hoping not to be paying this off in 25 years time!

    Overpayment goal for this year: £7.5k (might as well try!)
    Overpayment for this month: £900

    Welcome! You're #50. :)
  • hiddenshadow
    hiddenshadow Posts: 2,525 Forumite
    Cherryfudge wrote: »
    I noticed Hiddenshadow hasn't been on the forums for a couple of weeks. I hope everything's okay.

    Sorry, life got super crazy with work the first half of April, and then I was away on holiday the second half of April. :cool:

    Spreadsheet should be current with everyone's updates now. :)
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