2019 Mortgage-Free Wannabes

shangaijimmy

#75 reporting in with a total pf £203.94 for November.

weenemo

confusedftb wrote: »

i will be joining as soon as i get my keys. so motivating to see the excel.
amazing to see some people have managed to pay £20k +.. are there no over payment charges?

It was one of the reasons I went with my provider, there was no limit to over payments at all.

Lomcevak

weenemo wrote: »

It was one of the reasons I went with my provider, there was no limit to over payments at all.

Same here - mine (First Direct) allows unlimited overpayments, which is one of the main reasons I selected it.

The only caveat is you will incur an early redemption charge if you fully repay the mortgage within a fixed-rate period, but there's nothing stopping you getting very close to fully repaid, which is what i'm doing - my 2-year fixed ends in June, by which point it'll be overpaid down to about £100 remaining, and i'll pay it off in full on the first day it drops back to the SVR. It started at nearly £78k in June 2018, i'll have OP'd £66k, made regular payments of a bit under £13k, and been charged about £800 in interest

In May it should be down to around £1k, and will formally still have 12 years to run. As a MFW nerd, I'm curious about what the renewal offer will look like

julicorn

Lomcevak wrote: »

In May it should be down to around £1k, and will formally still have 12 years to run. As a MFW nerd, I'm curious about what the renewal offer will look like

Let's see if they can tempt you to take on a new deal :rotfl:

More_tea_please

Hello,

Number 93 checking in with my standard overpayment of £413.49.

So close to my target now, so hoping I can make another overpayment before the end of the year to reach it

Heading over to sign up for the 2020 challenge .,.. thanks for running this thread Julicorn.

Thanks MTP

pawlala

#22 reporting total overpayments for November came to £786.77

Thanks and have a great week everyone!

Dobbibill

#45 checking in with my cheeky little OP for the rounding down the figures.
£24.14 to report today- will be back mid month with my usual and final OP for 2019.


Thanks Julicorn.

OhtobeMortgageFree

#107 checking in with my first overpayment for December: £20.
Thanks for updating. Things haven't quite gone to plan towards the end of this year with both mine and husband's car needing replacing but I am definitely back along for the ride in 2020! Thanks for all the updates.

julicorn

Thank you all for your updates! :heart2:

Looking at the figures, I'm wondering whether we can hit a million by the end of the year? It would be quite a push, but an amazing goal nonetheless!

becky170

Hello, no.7 checking in. For November I made and overpayment of £148 and for December I made an overpayment of £151. That brings my total for the year to £1676 so I've made my target and overplayed 1% of my mortgage this year

Thanks Julicorn for running the thread!