2020 Mortgage-Free Wannabes

Suffolk_lass

charlie792 said:

Morning all
#111

Slightly unexpected post but we are now very almost offset. 
After paying in after pay day we were about £7000 short but after having a chat with OH he's suggested subbing the mortgage from another account so we're about 7 months ahead of schedule. We have enough time to rebuild that pot by the time we actually need to use it.

As such we have a final £213 left to pay next month and then we are 100% offset and all monthly payments will then just be taken out of the offset account too 

This morning we've paid £7800 off the mortgage balance directly, which is our 10% overpayment allowance for the year.

Mortgage Balance £69,595
Offset Balance £69,394

  

How exciting for you - well done!

Sistergold

charlie792 said:

Morning all
#111

Slightly unexpected post but we are now very almost offset. 
After paying in after pay day we were about £7000 short but after having a chat with OH he's suggested subbing the mortgage from another account so we're about 7 months ahead of schedule. We have enough time to rebuild that pot by the time we actually need to use it.

As such we have a final £213 left to pay next month and then we are 100% offset and all monthly payments will then just be taken out of the offset account too 

This morning we've paid £7800 off the mortgage balance directly, which is our 10% overpayment allowance for the year.

Mortgage Balance £69,595
Offset Balance £69,394

  

Wow wow wow 
well done!

Freedomin

Hi there, 

New to the group and mortgage world as well. Took my mortgage in March 2020. I don't think I can do much OP in the initial 6 months but want to set me a bit of a challenge by setting a £500 target for this year.
At present as one would expect lot of expenses in setting up house. Still in the list: new boiler, new flooring, more furniture.
Looking for starting points to make the OP. 
Hopefully with all your encouragement I can make a start.

Cheers 

Pugblue

Hi

I would like to join the group, I actually wanted to join a few years back, but a broken boiler, followed by a broken water tank put pay to that!

However i am back! to help me i already have sorted the following! 0 debt on credit cards, a safety fund, money for my daughter put away! so now is the time to attack the mortgage + joining the group i hope to increase my motivation!!


2020 target = OP £700 + i have already paid £100 in May! the journey has begun. 



Also hoping to be inspired as looking at the numbers, some of you are pretty good at this!! 

beadyeyes19

I'd like to join please. I'm new to this site and forum. 
Mortgage at the start (July 2019) = £158,747 with 18 years remaining. Goal is to pay off within 10 years. 
Current remaining (as of 1st April) = £148.213
Currently overpay £250 automatically each month. Looking to make a down payment of £5k this week (potentially more) from savings depending what our remaining overpayment allowance is. Will update with figures once I have them this week. Looking forward to getting to grips with being a MFW!

Sistergold

Freedomin said:

Hi there, 

New to the group and mortgage world as well. Took my mortgage in March 2020. I don't think I can do much OP in the initial 6 months but want to set me a bit of a challenge by setting a £500 target for this year.
At present as one would expect lot of expenses in setting up house. Still in the list: new boiler, new flooring, more furniture.
Looking for starting points to make the OP. 
Hopefully with all your encouragement I can make a start.

Cheers 

Wellcome

Sistergold

Pugblue said:

Hi

I would like to join the group, I actually wanted to join a few years back, but a broken boiler, followed by a broken
water tank put pay to that!

However i am back! to help me i already have sorted the following! 0 debt on credit cards, a safety fund, money for my daughter put away! so now is the time to attack the mortgage + joining the group i hope to increase my motivation!!


2020 target = OP £700 + i have already paid £100 in May! the journey has begun. 



Also hoping to be inspired as looking at the numbers, some of you are pretty good at this!! 

wellcome

Sistergold

beadyeyes19 said:

I'd like to join please. I'm new to this site and forum. 
Mortgage at the start (July 2019) = £158,747 with 18 years remaining. Goal is to pay off within 10 years. 
Current remaining (as of 1st April) = £148.213
Currently overpay £250 automatically each month. Looking to make a down payment of £5k this week (potentially more) from savings depending what our remaining overpayment allowance is. Will update with figures once I have them this week. Looking forward to getting to grips with being a MFW!

Wellcome

julicorn

Freedomin said:

Hi there, 

New to the group and mortgage world as well. Took my mortgage in March 2020. I don't think I can do much OP in the initial 6 months but want to set me a bit of a challenge by setting a £500 target for this year.
At present as one would expect lot of expenses in setting up house. Still in the list: new boiler, new flooring, more furniture.
Looking for starting points to make the OP. 
Hopefully with all your encouragement I can make a start.

Cheers 

Hi there and welcome to the challenge! You've got #143

julicorn

Pugblue said:

Hi

I would like to join the group, I actually wanted to join a few years back, but a broken boiler, followed by a broken water tank put pay to that!

However i am back! to help me i already have sorted the following! 0 debt on credit cards, a safety fund, money for my daughter put away! so now is the time to attack the mortgage + joining the group i hope to increase my motivation!!


2020 target = OP £700 + i have already paid £100 in May! the journey has begun. 



Also hoping to be inspired as looking at the numbers, some of you are pretty good at this!! 

Hi Pugblue, thank you for joining, and well done on your initial overpayment (and all the other achievements, of course!). You've got #145.