📨 Have you signed up to the Forum's new Email Digest yet? Get a selection of trending threads sent straight to your inbox daily, weekly or monthly!

2020 Mortgage-Free Wannabes

1118119121123124183

Comments

  • StoicLass
    StoicLass Posts: 37 Forumite
    Fifth Anniversary 10 Posts Name Dropper
    #132 My OP for July is £225 taking my YTD to £3,518.80.  Thanks julicorn
  • julicorn
    julicorn Posts: 2,591 Forumite
    Seventh Anniversary 1,000 Posts Name Dropper Photogenic
    Anagran said:
    Can I join please?
    Been on MFi3 for a while trying to OP, but things just seemed to keep getting in the way. Ready now to focus on making real progress. Not sure how much I will be able to manage, but would like to aim for a target of £2000 by the end of the year.
    Thanks A
    Hi Anagran, of course you can - welcome to the challenge! :) I've given you #151 now. 
  • Nichelette
    Nichelette Posts: 2,132 Forumite
    Part of the Furniture 1,000 Posts Name Dropper Combo Breaker
    Hi, #86 again! We were paid on the 15th so I've swept everything left at the end of the month to the mortgage giving another overpayment of £1994.47. We're still plugging away, but now we're under my original 80% LTV target which is nice. Mortgage is still massive though, and lots to pay off!
    Thanks Julicorn :)
    Finally bought a home
    Starting mortgage £289,500 31.01.19 - Current outstanding £192,586.98/CENTER]
    Overpayments since 27.03.19: £52,407.47
  • Ellie78
    Ellie78 Posts: 195 Forumite
    Third Anniversary 100 Posts Photogenic Name Dropper
    #31 checking in with an OP of £90, from selling some unwanted bits and pieces. Hooray for lockdown decluttering!
    Total for July is £117.32
    Mortgage - £23,500 remaining
    MFW2021 #8 - £2,519.77/£3,000
    Overpayments: 2020 - £4,722.83 / 2019 - £16,042.00
  • beadyeyes19
    beadyeyes19 Posts: 24 Forumite
    Third Anniversary 10 Posts Name Dropper
    Update for #147 
    £250 total for July. 
    Monthly over payments will increase to £350 a month next month (in reality the amount we are over paying is staying the same because they lower our regular payments and keep the term the same as it was). 
    Initial 2 year fixed Mortgage (July 2019): £158,747 over 18 years. Overpaid £14,250 in Year 1, £13,400 in Year 2. Total mortgage reduced by £40,790 in 2 years. 

    New Mortgage (five year fix at 1.81%): June 2021
    Current Balance (01/06/2021): £117,957 over 14 years. Total overpayment in 2021 of £13,850. Lapsed tracking! Total Owing November 2022: £100,513. February 2023: £97,535. April 2023: £88,739. July 2023: £87,481. August 2023: £85,512. November 2023: £83,053. 

    Original End date: June 2039. Now June 2035. *GOAL* Mortgage Free by 2030.


  • julicorn
    julicorn Posts: 2,591 Forumite
    Seventh Anniversary 1,000 Posts Name Dropper Photogenic
    Hi, #86 again! We were paid on the 15th so I've swept everything left at the end of the month to the mortgage giving another overpayment of £1994.47. We're still plugging away, but now we're under my original 80% LTV target which is nice. Mortgage is still massive though, and lots to pay off!
    Thanks Julicorn :)
    Thank you for the update! Just a quick note, from the way you've worded it, I've assumed it's in addition to your payment earlier this month (so a total of 2994.47 for July), but let me know if that's incorrect :) 
  • Nichelette
    Nichelette Posts: 2,132 Forumite
    Part of the Furniture 1,000 Posts Name Dropper Combo Breaker
    Hi Julicorn, I did actually wonder if it was ambiguous when writing it, but yes you got it right, thank you :)

    julicorn said:
    Hi, #86 again! We were paid on the 15th so I've swept everything left at the end of the month to the mortgage giving another overpayment of £1994.47. We're still plugging away, but now we're under my original 80% LTV target which is nice. Mortgage is still massive though, and lots to pay off!
    Thanks Julicorn :)
    Thank you for the update! Just a quick note, from the way you've worded it, I've assumed it's in addition to your payment earlier this month (so a total of 2994.47 for July), but let me know if that's incorrect :) 

    Finally bought a home
    Starting mortgage £289,500 31.01.19 - Current outstanding £192,586.98/CENTER]
    Overpayments since 27.03.19: £52,407.47
  • #148 reporting an overpayment of £200 please
    Aug 24 - Mortgage Balance £242,040.19
    Credit Card - £8,141.63 + £4,209.83
    Goals: Mortgage Free by 2035, Give up full time work once Mortgage Free, Ensure I have a pension income of £20k per year from 2035

  • #6 with updates for June and July. £2340 total for June and £1250 for July so far. 
    Thanks Ben
  • yogavibes
    yogavibes Posts: 99 Forumite
    100 Posts First Anniversary Name Dropper
    julicorn said:
    yogavibes said:
    #69
    OP today £1000
    Also OP £1000 in May which I forgot to add - so total OP so far this year £4976 so far 
    Thank you! I've got a slightly higher total somehow - if you have a minute, could you have a look to make sure I've entered you're OPs correctly? It's only a few pounds difference, but I thought I'd flag it up :)
    Oh Julicorn can you tell numbers isn't my strong point :)
    I've checked back through my bank statement and I have indeed paid off more than this.  I've included my July OP aswell below.  Correct numbers for #69 are:
    Jan - £1026
    Feb - £964.26
    Mar - £1000
    May - £1000
    June - £1000
    July - £1024
    total so far £6014.26
    thanks :)
    MFW #69 Mortgage remaining Jan 2021 £221,644; Jan OP £1000;
Meet your Ambassadors

🚀 Getting Started

Hi new member!

Our Getting Started Guide will help you get the most out of the Forum

Categories

  • All Categories
  • 351.3K Banking & Borrowing
  • 253.2K Reduce Debt & Boost Income
  • 453.8K Spending & Discounts
  • 244.3K Work, Benefits & Business
  • 599.5K Mortgages, Homes & Bills
  • 177.1K Life & Family
  • 257.8K Travel & Transport
  • 1.5M Hobbies & Leisure
  • 16.2K Discuss & Feedback
  • 37.6K Read-Only Boards

Is this how you want to be seen?

We see you are using a default avatar. It takes only a few seconds to pick a picture.