2019 Mortgage-Free Wannabes

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  • mmmsnow
    mmmsnow Posts: 388 Forumite
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    Suffolk_lass wrote: »
    Slight aside to our payments - has anyone on here considered how to reduce the redemption fee and admin fee when paying off your mortgage? We stayed with friends at the weekend who have left their mortgage to run its full course and pay 42p a month.


    Just saw this today. I'm in a position where I've locked myself into a 5 year mortgage deal (we were worried about the uncertainty around Brexit and decided to go for a 5 year fix rather than do a two or three year deal and need to remortgage in the middle of it all). I have two mortgages, £13k and £5k on another. I am overpaying the larger one and hope to get both to around £5K by the end of the year.



    That leaves £10k to pay off before August 2022 and I'm planning on having it down to £600 before my 40th birthday in 2021 and then just paying £50 per month for that last year. I don't know if I'd leave it as low as 42p, just in case I manage to overpay too much by accident!
    MFW 2019 #61: £13,936.60/£20,000
  • benmclaughlan
    benmclaughlan Posts: 51 Forumite
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    #87 with an overpayment of £1635 for June. Thanks Ben
  • mortgageFTB
    mortgageFTB Posts: 250 Forumite
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    #38 here, reporting a £8k overpayment.

    June Total: 8K
  • anna42hmr
    anna42hmr Posts: 2,845 Forumite
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    Hi, number 105 here with Junes OP to the mortgage, please can you put me down for my usual £215.26 please, which will take me to a year to date of £1291.56
    MFW#105 - 2015 Overpaid £8095 / 2016 Overpaid £6983.24 / 2017 Overpaid £3583.12 / 2018 Overpaid £2583.12 / 2019 Overpaid £2583.12 / 2020 Overpaid £2583.12/ 2021 overpaid £1506.82 /2022 Overpaid £2975.28 / 2023 Overpaid £2677.30 / 2024 Target: £1800, £750.09 overpaid as at April so YTD = £750.09 Total OP since mortgage started in 2015 = £34,142.27
  • Nichelette
    Nichelette Posts: 2,090 Forumite
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    julicorn wrote: »

    And while we're at it, maybe we can start some sort of 'Scary South East Mortgage Anonymous' club :rotfl:

    I'm in :rotfl:

    Joking aside, #86 checking in with a total June overpayment of £1360.85

    We're into the 279's tomorrow when the regular payment goes which is our first milestone since taking on the mortgage :j

    Thanks Julicorn!
    Finally bought a home
    Starting mortgage £289,500 31.01.19 - Current outstanding £207,243.66
    Overpayments since 27.03.19: £46,161.46
  • ChipAway
    ChipAway Posts: 24 Forumite
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    #101 - A further £100 for June, which makes the total for the month £300

    I'm also part of this fledgling "Scary South East Mortgage Club"! But I'm now down under 240...

    Thanks
  • bunty109
    bunty109 Posts: 1,265 Forumite
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    Number 24 checking in for June with £1515.33
    MFW 2019#24 £9474.89/£11000 MFW 2018#24 £23025.41/£15000
    MFi3 v5 #53 £12531/
    MFi3 v4 #53 £59442/£39387
  • ajmoney
    ajmoney Posts: 6,245 Forumite
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    Hi, no 70 reporting an OP for July of £200. Thanks julicorn :D
    MFW 2024 No. 7 £500/£1200 MFiT-T6 No. 70 £15420.41/£22787.04
  • ilselm
    ilselm Posts: 132 Forumite
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    #106 here. Reporting an early July payment of £1,250. Thanks,

    July total: £1,250
    2019 total: £12,053 / £20,000
  • erin_transport
    erin_transport Posts: 964 Forumite
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    Morning
    #138 checking in with an additional £412 for June on top of my mid month payment. I’m creeping towards the 50% mark now.
    Thanks
    On a mission!

    2018 & 2019 MFW #138

    On babystep2 (#DR)
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