Our quest for mortgage neutrality

The_frugal_fairy

Thank you.  I will do the full post a bit later with the balance ans offset.  Trying to work out mortgage free day

The_frugal_fairy

As at 1 7 20, balance is £2,545.95😊

The offset is £2,596.58 so balance is -£50.63

In July 2020 we are mortgage neutral. 

The mortgage pot is looking excellent with 0 marbles. The offset jar has three.The paid jar is looking really full.

1.64% of the mortgage is left.

Daily interest is 14p

More Eauction to try and speed up paying of mortgage. I am going to post weekly as I have too many variables to work out zero balance day.

Planning the renovations and maintenance on house.

How are other MSE people doing ?

family355

Congratulations! Mortgage neutral in 2 years is fantastic! I hadn’t even heard of this term until the last few weeks on here-you have definitely given me some Inspiration with your diary 🙂

jenni_fer

Amazing! Congratulations!

The_frugal_fairy

Quick update 22 07 20
Balance is a fantastic £2,200 
Daily interest 12p
A couple of eauction items in the post.
Next goal £1,900, wish us luck 

The_frugal_fairy

Super quick update, goal reached.
Instead of a Tilly tidy I have gone for £1,111.11.
Daily interest 6p. Own over 99 per cent of 🏠.
Mortgage payment goes out on Monday, hopefully balance will be under £100.

The_frugal_fairy

Trying to work out Monday's balance. 
Going to go for £90.
Plan for tomorrow, is list on e**y.
Then going to need a new renovation diary.
🔨 🔨 🏠 🏠

The_frugal_fairy

As at 3 August 2020
Balance is £98.92.
Amount of house owned 99.94 % 
I will be posting each time I reduce this, fingers crossed nil balance is imminent. 

The_frugal_fairy

As at 4 August 2020
Balance is £85.00, 14% less than yesterday. Daily interest 1p.
Amount of house owned 99.95%  
I will be posting each time I reduce this, fingers crossed nil balance is imminent.

The_frugal_fairy

 As at 7 8 20
Balance is £60 
To pay 0.04% of balance
Found 1.34 on toppoundback yay, have requested payment. Every little helps, aim to sell 5 things on eauction this weekend.