2020 Mortgage-Free Wannabes

Brindlebabe

I'd like to join please. Thank you for your hard work with this. It sounds like a lot of admin!

Target of £2000 please.

It might go a bit hay wire as we might be looking to sell at the end of the year. But that's a way off yet and overpaying would be good in the meantime!

Thanks,
BB

julicorn

Elvie100 wrote: »

Hello

Would it be possible to keep #60? I think I will go for £5000 for 2020.

Thanks!

L

Of course That's all logged, thank you for taking part again!

julicorn

bobobski wrote: »

Hi, I'm new! :hello:

We bought our house last year (yay!) with a mortgage of £324,000 (90% LTV) plus fees of £1,499 on a 5 year fix. We've already taken over £10k off the capital, and have started making monthly overpayments already - a joint overpayment to round the standing order up, and individual overpayments with whatever spare change we have. My aim is to be at under 75% LTV at remortgage time, which of course depends on our house's value at the time, but assuming the value remains static this will require about £7k overpayments between now and remortgage time. Our plan is to make our little overpayments as we go, and make whatever large overpayment we need to at remortgage time.

Our aims are mostly around savings - partly to build up our emergency fund but also to fund the "life" that's likely to happen in the next 4-5 years - but we do want to focus on overpaying our mortgage too. So, please may I set a target of £600 overpayments for 2020? £50 a month should be achievable, and hopefully we'll be able to smash this

Thank you for letting me join, even with this tiny figure!

Hi bobobski, welcome to the challenge! That's a hefty mortgage you've got there, but sounds like an excellent plan. You're #81 for the 2020 challenge.

julicorn

Brindlebabe wrote: »

I'd like to join please. Thank you for your hard work with this. It sounds like a lot of admin!

Target of £2000 please.

It might go a bit hay wire as we might be looking to sell at the end of the year. But that's a way off yet and overpaying would be good in the meantime!

Thanks,
BB

Hi Brindlebabe, welcome to the challenge! It's really fun seeing so many people support each other throughout the year I've given you #82.

benmclaughlan

Number 87 (happy to move up the sheet though..)
I'll have to confirm the amount once my December payment and interest have been sorted.

Thank you for running this again, it's been a fantastic motivator for me - hoping to finally clear the mortgage in 2020.

Rachiedabbler70

julicorn wrote: »

Thanks Rachiedabbler, I've moved you up a little bit to #57, hope that's ok

That's great - thanks very much :beer:

Nichelette

Hi all, and thanks for running again Julicorn. I'd love to join again and keep my number if possible (86). I'm going to fall slightly short of my target for this year but I'd like to aim for 15k again next year please as I'm not too far off.

MortgageFree2030

Hello,
I'm new here but would love to join this challenge, we're just seriously starting to overpay our mortgage. I would like to set our target at £7000 for 2020 please.
Looking forward to getting started

julicorn

benmclaughlan wrote: »

Number 87 (happy to move up the sheet though..)
I'll have to confirm the amount once my December payment and interest have been sorted.

Thank you for running this again, it's been a fantastic motivator for me - hoping to finally clear the mortgage in 2020.

Thanks for taking part again! I can only move you up to #83 at the moment so have done that, but if you would still like a lower number beginning of January then I'm sure a few others should be freed up by then

julicorn

Nichelette wrote: »

Hi all, and thanks for running again Julicorn. I'd love to join again and keep my number if possible (86). I'm going to fall slightly short of my target for this year but I'd like to aim for 15k again next year please as I'm not too far off.

That's all noted, thank you for taking part again!