Booking myself in for an independent future

BookmobileBadGirl

I had a lovely week in Ibiza. The cost of living price rises in food has even hit over there. So spent more on my dinners out than I was expecting, was just over £200 in the end.

in mortgage news though, I have had my pay for November and made my first overpayment for November. I am now owing £19,999!

UNDER £20K finally

plus have confirmed when my fix ends with Barclays, so the day for paying everything off will be 1st March 2024!

Merlin's_Beard

Getting an actual date is massive - congratulations!

BookmobileBadGirl

Right, bit of an update. Made my first overpayment for December. Down to £18,300 today will be down another thousand after the next two days.

have adjusted my spreadsheet to take into account the extra bit of take home from the NI from Jan. all going straight to the overpayment line.

Beau was due to exchange on his flat up north last week, but his solicitor is !!!!!!, it didn’t happen. Now have the new date of 6th December. I have given notice on my northern flat so am homeless from the 12th December so need this to go ahead 

beanielou

Hope all goes to plan. 

BookmobileBadGirl

We finally made it into Beau’s new place a few days before Christmas. He now has his own mortgage to overpay, though he hasn’t got the bug just yet, but I am still working on him.

my mortgage is down to £11,500 which is positive but I had intended to have paid it off by now. Sadly my work has put all my area at risk of redundancy. My role is pretty safe but I didn’t want to deplete my savings just in case. So should be August when it is all paid off

Baby brother has been paying me £400 a month to live in my London flat, but he was made redundant just before Christmas and only started his new job the other week so he hasn’t been paying any “rent” there. This should start again soon.

BookmobileBadGirl

Paid off the chunk for April, am now down to £9,650 remaining.

went to Greece for a week over Easter, it was lovely but took any potential extra overpayments for April.

I am now on the variable rate, currently 8.74 and mopey mortgage payment has gone from £235 a month to just over £400. Also I am no longer limited to overpayment of three times my mortgage payment each day so can do it all in one go.

beanielou

Great progress. 

BookmobileBadGirl

Down to £2,000 owing. Just waiting for my final DD to come out in the 1st August and then I can pay off the rest.

beanielou

Great progress.

BookmobileBadGirl

Have done it, all paid off. Had to go into Barclays for the final payment as the app kept blocking it.

bought myself a lovely bottle of champagne to celebrate.

for the next few months I will paying for dental work and sorting out buying the other 75% of my flat.

aim to be back in January to start paying down the next mortgage