2019 Mortgage-Free Wannabes

Options
1…4748505253…173

Comments

  • Tartan_Mum
    Tartan_Mum Posts: 217 Forumite
    Name Dropper First Post First Anniversary Combo Breaker
    Options
    Hello! Loving all the updates, really motivational.

    #68 checking in with OP of £358.99

    Total for 2019 £589.92 / £2400

    Happy with this so far, taking advantage of the council tax free month :j
    #26 MFW 2023 challenge Small OPs are better than no OPs! Feb 2018 £231,000 / Apr 2042 Current £133,700 / March 2036
  • skippie
    skippie Posts: 89 Forumite
    Name Dropper First Anniversary Combo Breaker First Post
    Options
    #144 here. January saw an assortment of overpayments totaling £494.

    Thanks
    Original 35 year mortgage: January 2016, £306,000
    January 2022 : £198,000 (£30k saving pot split equally between cash and alternative investments)

    January 2022: 2x £3k child ISA.
  • Lomcevak
    Lomcevak Posts: 1,023 Forumite
    First Post First Anniversary Name Dropper
    edited 8 February 2019 at 11:11AM
    Options
    Lomcevak wrote: »
    #8 with £1004.03 for February, will be a bit more in a week or so.


    Another OP of £600 from #8 for February, so £1604.03 for the month in total.


    edit: a nice mini-milestone too, it's nine months since I remortgaged and i've paid off just over £30k since then. I'd have paid off less than £5k if I hadn't made any OP's and just stuck to the repayment schedule :)
    £40k-in-’23#18 £78,628.29/40,000 (196.57%)
  • Suffolk_lass
    Suffolk_lass Posts: 9,353 Forumite
    First Anniversary Name Dropper Photogenic First Post
    edited 9 February 2019 at 9:07AM
    Options
    Lomcevak wrote: »
    Another OP of £600 from #8 for February, so £1604.03 for the month in total.


    edit: a nice mini-milestone too, it's nine months since I remortgaged and i've paid off just over £30k since then. I'd have paid off less than £5k if I hadn't made any OP's and just stuck to the repayment schedule :)

    Ooh, well done! Are you aiming for another £10k to maintain the pace for the one-year anniversary?
    Save £12k in 2024 - #2 target is £5000 only £798.34 so far
    OS Grocery Challenge 2024 31.1% spent or £932.98/£3,000 annual
    I also Reverse Meal Plan on that thread and grow much of our own premium price fruit and veg, joining in on the Grow your own thread
    My Debt Free Diary Get a grip Woman
  • Suffolk_lass
    Suffolk_lass Posts: 9,353 Forumite
    First Anniversary Name Dropper Photogenic First Post
    Options
    Number #37 - I have used £20,000 of my retirement TFLS to pay down the mortgage this week. And the regular interest payment (topped up to a nice round £500) has also gone so we are at £20,461.19 for Feb so far. I might eke some more out.
    Save £12k in 2024 - #2 target is £5000 only £798.34 so far
    OS Grocery Challenge 2024 31.1% spent or £932.98/£3,000 annual
    I also Reverse Meal Plan on that thread and grow much of our own premium price fruit and veg, joining in on the Grow your own thread
    My Debt Free Diary Get a grip Woman
  • Lomcevak
    Lomcevak Posts: 1,023 Forumite
    First Post First Anniversary Name Dropper
    Options
    Suffolk_lass wrote: »
    Ooh, well done! Are you aiming for another £10 to maintain the pace for the one-year anniversary?

    Pretty much, although it'll slow a bit over the tax year boundary - I have some SIPP and S&S ISA payments to make next month to fully use up this year's allowances, OP's come behind those two in the order of priorities.

    I took out a £78k two year fix 9 months ago, plan is to bring it down to virtually zero within the fixed rate period, so £10k a quarter is roughly the right glidepath - will then pay it off on the day it switches to SVR (I'm with FD, so can make 'unlimited' OPs, but can't fully pay off the mortgage early - otherwise i'd pay early-redemption penalties)
    £40k-in-’23#18 £78,628.29/40,000 (196.57%)
  • YouWithTheSadEyes
    YouWithTheSadEyes Posts: 29 Forumite
    First Anniversary Name Dropper First Post
    Options
    #122
    First overpayment of February made for £80.

    Thanks in advance for updating.
  • frugal_lass
    frugal_lass Posts: 93 Forumite
    First Anniversary First Post
    edited 8 February 2019 at 11:51PM
    Options
    #19 checking in with a TT of £33.22 which should bring me to £218.83 Feb total
    Overall total is in my signature :j
    Mortgage so far: £31,630.01Aiming to be mortgage free by 2024
  • julicorn
    julicorn Posts: 2,283 Forumite
    First Anniversary Name Dropper Photogenic First Post
    Options
    frugal_lass wrote: »
    #19 checking in with a TT of £33.22 which should bring me to £218.83 Feb total
    Overall total is in my signature :j

    Hi frugal_lass, I couldn't quite get your figures to add up, could you maybe double check and confirm? I've just added your new Feb total now, but it's slightly off the overall total in your signature. :)
    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
  • Rainbowsky
    Rainbowsky Posts: 34 Forumite
    First Anniversary
    Options
    Morning all
    Wow we seem to be on a roll this month, well done everyone :T
    #34 checking in with a further op of £130.07 making a total for February of £430.07.
    Many thanks :beer:
    MFW #34 2020 £1000/£4000
This discussion has been closed.
★ ★ ★ Meet your Ambassadors

Categories

  • All Categories
  • 343.5K Banking & Borrowing
  • 250.2K Reduce Debt & Boost Income
  • 449.9K Spending & Discounts
  • 235.6K Work, Benefits & Business
  • 608.6K Mortgages, Homes & Bills
  • 173.2K Life & Family
  • 248.2K Travel & Transport
  • 1.5M Hobbies & Leisure
  • 15.9K Discuss & Feedback
  • 15.1K Coronavirus Support Boards