2019 Mortgage-Free Wannabes

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  • varfor
    varfor Posts: 45 Forumite
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    #118 here for Feb update. Wife and I have just done our budget for the month and have sent a £500 overpayment. That's probably it for this month!

    Feb total: £500
    2019 total: £1000/£4000
    2019 MFW #118: 9474/4000 | 2020 MFW #112: 2500/2500 | 2021 MFW #21: 1890/1920 | 2022 MFW #NA: 2180/1920
  • inigma
    inigma Posts: 191 Forumite
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    #71 here, a good month for me, more than I expected, £4,056.00 :)
    06/06/2023 mortgage mort dateJUST BRING IT
  • iquit
    iquit Posts: 1,939 Forumite
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    Good morning all

    No.109 with January OP £3500.00 and February OP £3500.00
    2019 MFW No. 74 £13700/£30000 (45.66%)
    12k in 2018 No. 98 £6274.19/£18000 (34.85%)
    BTL (start) £97440.00 (current) £68000.00
    Residential (start) £275000.00 (current) £268000.00
  • cocklesandmussels
    cocklesandmussels Posts: 3 Newbie
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    Morning! Slightly late to report, but number 131 reporting another payment of £275 for Jan:
    January total £1050

    Hopefully a bit more in feb!
    Thanks
  • f0xh0les
    f0xh0les Posts: 6,893 Forumite
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    MrsMouse wrote: »
    Quick question: given interest is usually charged daily on what we owe on our mortgages, is it better to transfer small overpayments (eg under £20) straight into the mortgage account or save them up and pay once you hit, say, £100? I used to save up the smaller amounts on a previous mortgage as it felt to be really scrooge-like/scrimping (I can't think of a better description at the moment) to pay in smaller amounts than that. That sounds a bit ridiculous putting typing it out. I mean, who in a bank is going to look at the figures anyway!


    My DH called me a very rude name (very affectionately) when I told him I had just sent an o/p of £1.28 to tidy down the mortgage to a nice round number. Then when the mortgage was under £100k, I printed out all the mortgage overpayments, stuck it in a card with the question, who is a t*** now?:rotfl:
    See, that's the thing with money, it all adds up, and if your interest is calculated daily, as far as I am concerned, the quicker it goes in, the quicker it comes down. Each to his own, but mine goes in as soon as I have it, even if it is a piddly little amount to some.
    4/10/22One Year Mortgage Free Yay!
    NSTurtle # 55 🐢 🐢 🐢 🐢 🐢 🐢🐢 🐢 🐢 🐢 🐢 🐢 🐢 🐢🐢🐢 🐢 🐢 🐢 🐢 🐢 🐢 🐢 🐢 🐢 🐢 🐢 🐢 🐢 🐢 🐢 🐢 🐢 🐢 🐢 🐢 🐢 🐢 🐢 🐢 🐢 🐢 🐢 🐢 🐢 🐢 🐢 🐢 🐢 🐢 🐢 🐢 🐢 🐢 🐢 No Turtle gets left behind.[/b]
    ******PROUD MEMBER OF THE TOFU EATING COALITION OF CHAOS !!!******
  • f0xh0les
    f0xh0les Posts: 6,893 Forumite
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    Announcing my piddly little amount for February!
    £106.95 for #65
    4/10/22One Year Mortgage Free Yay!
    NSTurtle # 55 🐢 🐢 🐢 🐢 🐢 🐢🐢 🐢 🐢 🐢 🐢 🐢 🐢 🐢🐢🐢 🐢 🐢 🐢 🐢 🐢 🐢 🐢 🐢 🐢 🐢 🐢 🐢 🐢 🐢 🐢 🐢 🐢 🐢 🐢 🐢 🐢 🐢 🐢 🐢 🐢 🐢 🐢 🐢 🐢 🐢 🐢 🐢 🐢 🐢 🐢 🐢 🐢 🐢 🐢 No Turtle gets left behind.[/b]
    ******PROUD MEMBER OF THE TOFU EATING COALITION OF CHAOS !!!******
  • Schoolworker
    Schoolworker Posts: 499 Forumite
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    No 72 reporting in of £70 for February overpayment. Not sure if this is it we will see later in the month of I can make more overpayments.
  • utopiah
    utopiah Posts: 316 Forumite
    First Anniversary Combo Breaker First Post Mortgage-free Glee!
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    #43 overpayment of £700 for february
    Mortgage free 25/9/2019 8years and 7 months early 😁😁😁
  • [Deleted User]
    [Deleted User] Posts: 0 Newbie
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    edited 4 February 2019 at 4:37PM
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    Sorry I've been awol for a few weeks!

    No 76 - Jan total £389; Feb to date £300

    There will be a bit more in Feb but not until later in the month....

    If you need to change my number for the spreadsheet, feel free! ;)
  • julicorn
    julicorn Posts: 2,283 Forumite
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    squirrelgirl wrote: »
    If you need to change my number for the spreadsheet, feel free! ;)

    Thanks squirrelgirl, I've bumped you up a tad to #58 now :)
    Original mortgage: December 2017, £203,495
    MFW start: April 2018, £201,800
    Mortgage neutral: September 2022, mortgage redeemed: December 2022
    New house, new mortgage: December 2022, £276,007
    Current balance: £217,800 minus £8,300 overpayment savings pot
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