julicorn's journey

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  • julicorn
    julicorn Posts: 2,283 Forumite
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    Thank you! <3 I can't really believe it either, considering we've only been overpaying for less than 1.5 years.
    Original mortgage: December 2017, £203,495
    MFW start: April 2018, £201,800
    Mortgage neutral: September 2022, mortgage redeemed: December 2022
    New house, new mortgage: December 2022, £276,007
    Current balance: £217,800 minus £8,300 overpayment savings pot
  • beanielou
    beanielou Posts: 90,338 Ambassador
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    julicorn wrote: »
    Smallest update ever: Just managed to make another overpayment, which means we are now officially 4 years ahead (in terms of remaining balance compared to if we'd never made any overpayments)! :j

    That's great:T
    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.
  • julicorn
    julicorn Posts: 2,283 Forumite
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    Thank you beanie! :heart2:
    Original mortgage: December 2017, £203,495
    MFW start: April 2018, £201,800
    Mortgage neutral: September 2022, mortgage redeemed: December 2022
    New house, new mortgage: December 2022, £276,007
    Current balance: £217,800 minus £8,300 overpayment savings pot
  • Karmacat
    Karmacat Posts: 39,460 Forumite
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    That's a great ratio, 1.5 years to 4 years :) well done you!
    2023: the year I get to buy a car
  • julicorn
    julicorn Posts: 2,283 Forumite
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    Thanks so much Karmacat! :heart2:
    Original mortgage: December 2017, £203,495
    MFW start: April 2018, £201,800
    Mortgage neutral: September 2022, mortgage redeemed: December 2022
    New house, new mortgage: December 2022, £276,007
    Current balance: £217,800 minus £8,300 overpayment savings pot
  • julicorn
    julicorn Posts: 2,283 Forumite
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    Happy September everyone! Our first OP for this month has just gone through. The mortgage balance is now £162,500, which means we have hit another 2 milestones: £40,000 paid off, and 20% of our mortgage paid off. Here's to the remaining 80%!

    Will try and properly measure out the kitchen and order the new worktops as well this evening. One of those tasks I keep pushing to the next day every day, but it's got to be done. Maybe one of you will need to hold me accountable, so the kitchen doesn't keep on looking like a building site for the rest of the year :rotfl:
    Original mortgage: December 2017, £203,495
    MFW start: April 2018, £201,800
    Mortgage neutral: September 2022, mortgage redeemed: December 2022
    New house, new mortgage: December 2022, £276,007
    Current balance: £217,800 minus £8,300 overpayment savings pot
  • beanielou
    beanielou Posts: 90,338 Ambassador
    Academoney Grad I'm a Volunteer Ambassador Mortgage-free Glee! Name Dropper
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    Well done on your milestones :T
    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.
  • longway2go
    longway2go Posts: 1,006 Forumite
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    Wow, you are doing really well &#55357;&#56833; I love the idea of working out how much your term has reduced because of the overpayments made &#55357;&#56833;
    Mortgage Aug 2019 161,000 :eek::eek::eek:Nov 2019 156,500:T Jan 2020 153,122:T, Apr 2020 149,500, Apr2021 139, 675, Oct 2021 136,823, Dec 2021 136,120🙂EF 0/12,000 (0%)😕 (5062.44 was ERC), Jan 2023 128,650. Our Mortgage is never going to be as high as it is today. :jOnwards and downwards to a better life for our family. :jJust keep swimming
  • Karmacat
    Karmacat Posts: 39,460 Forumite
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    Lovely landmarks! Nice round figures too :rotfl:
    2023: the year I get to buy a car
  • julicorn
    julicorn Posts: 2,283 Forumite
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    Thank you all! :heart2: Again, without the support in this forum I'm not sure we would have ever started overpaying.

    I can now also report that we've ordered the new worktops, finally! We should get those delivered in a bit over a week I reckon, and finally make some progress with our kitchen. I might post some pictures once we've fitted them :)
    Original mortgage: December 2017, £203,495
    MFW start: April 2018, £201,800
    Mortgage neutral: September 2022, mortgage redeemed: December 2022
    New house, new mortgage: December 2022, £276,007
    Current balance: £217,800 minus £8,300 overpayment savings pot
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