2019 Mortgage-Free Wannabes

teameffort

Hi Julicorn and MFW's

Super excited to report our first over payments of 2019 totalling £732.30 for January.

Looking forward to many more for the year ahead!

Thanks again Julicorn

weenemo

#150
£3689 over payment for January.
Nice to start off with a bang, will not be able to do that again for a long time.

julicorn

Thanks so much for all of your update! We've just hit £60k :j

allmannerofthings

#115 reporting my first overpayment this year, £502 paid today.

Looking forward to knocking more off the balance! On a mission this year!

Unicorn_cottage

julicorn wrote: »

Thanks so much for all of your update! We've just hit £60k :j

Absolutely amazing! :T I wonder what percentage of UK mortgage holders overpay on their mortgages...yes that is the kind of thing I think about!

pinkfluffybabe

#64 reporting an overpayment of £24.23.
Takes me to £95.54 for January.

julicorn

Unicorn_cottage wrote: »

Absolutely amazing! :T I wonder what percentage of UK mortgage holders overpay on their mortgages...yes that is the kind of thing I think about!

Haha, it is an interesting topic! I came across this article the other day, which suggests it's a lot more than I thought ("Consumer group Which? has found that well over half of young homeowners are overpaying on their mortgages"). We're not alone!

Unicorn_cottage

julicorn wrote: »

Haha, it is an interesting topic! I came across this article the other day, which suggests it's a lot more than I thought ("Consumer group Which? has found that well over half of young homeowners are overpaying on their mortgages"). We're not alone!

Oh really? I wonder whether mortgage providers are getting twitchy about this loss in profits and will change tact to recoup the profit they are losing?

kitjos

julicorn wrote: »

Thanks so much for all of your update! We've just hit £60k :j

WOW!! :eek:. That's a great amount for January, usually the 'skint' month .


Re: the UK OP's, its encouraging to see youngsters joining the OP life while they can, and rates are lowish. I wonder if banks are catching onto this, but i noted my new 2 year fixed has a much lower OP charge (if i go over 10%) compared to my last deal. My last fixed was 5% but its now 1.5%, doubt id get over 10% each year atm, but nice to know its a minimum charge if i do have a large lump sum :cool: xx

f0xh0les

Deleted_User wrote: »

A very excited no. 81 checking to report an updated January payment total of £10,000 thanks to an unexpected windfall. To see the balance under the 10k mark just feels unreal at the moment :shocked:

Waaaaaah!! That must be so exciting:j I'd be doing star jumps around the living room. Congratulations!