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Just started mortgage and hence mortgage free journey
edited 30 November -1 at 1:00AM in Mortgage-Free Wannabe
17 replies 2.2K views
My mortgage was issued on Thursday. First payment will be £520.77, assuming information on the app is correct, regular payment £498.47 for next 5 years. Regular mortgage payments obviously set up as a direct debit. Have just set up the mortgage company as a payee using instructions on their website and made a token £10 payment to check has been set up right. Had a quick look at the overpayment calculator and just £10 a week will take 2 years off my mortgage. Aiming to have this mortgage as short a time as possible :-)
Sealed Pot Challenge no 37, Attempting Frugal Living. Became debt free at the end ot 2016. Used savings from becoming debt free to put a deposit on a bungalow last year now working on becoming Mortgage free by overpaying. (without overpayment MFW date is 2036)