Long time reader first time writer

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Thought i would join in to keep up my motivation, 
My mortgage background, 
Bought my house in 2011 for £122,500 with a %15 deposit,
I have remortgaged once 3 yrs ago which valued the house at a safe £146,600
Over the years i have more often than not kept a monthly overpayment up weather it 50, 100 or as now £150.
My current debt is £78530 @ 1.89% which ends in 15 months so will evaluate with my mortgage advisor my best option in about a year. 
I got married 4yrs ago and now we have an 8 month old boy so overpayments may vary but will always remain. 
I originally wanted to be mortgage free when i left the military but seen as thats now only 6 years away i dont see that happening but anything less than the original 2041 is great i guess! 
Great to read other peoples stories, some really great achievements. 



Comments

  • Bazz1369
    Bazz1369 Posts: 4 Newbie
    First Post
    edited 26 April 2020 at 9:50PM
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    I will also add i have no other debts and my bills are just under half my monthly income, included in that is my overpayment and money i also invest elsewhere, i also like to save up for home improvements and also have a large emergency pot as you never know when u want access to some cash for whatever.
    The aim is to have it to or below 50% of the last valuation for when my deal ends next year which i am on track for. 
  • longway2go
    longway2go Posts: 1,006 Forumite
    First Post Name Dropper First Anniversary
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    You sound like you are doing really well  :)
    Just wanted to pop in and say good luck to you. I find keeping a diary really helps keep you focused. 
    Mortgage Aug 2019 161,000 :eek::eek::eek:Nov 2019 156,500:T Jan 2020 153,122:T, Apr 2020 149,500, Apr2021 139, 675, Oct 2021 136,823, Dec 2021 136,120🙂EF 0/12,000 (0%)😕 (5062.44 was ERC), Jan 2023 128,650. Our Mortgage is never going to be as high as it is today. :jOnwards and downwards to a better life for our family. :jJust keep swimming
  • Bazz1369
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    Not so bad, im not one for spreadsheets etc i know what i have, i know whats coming in/out and i just budget from there, i know what i need over what i want haha, Couple of home improvements this year after the lockdown, then see how things look next year. 
  • Bazz1369
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    7 payments on and im down to £75600, maintaining the overpayments every month. Little boy in now 1yr3m old and now we have a lil girl on the way!
    Possible house ext on way, and the wufes on furlough so overpayments will be difficult soon. Staying positive though
  • longway2go
    longway2go Posts: 1,006 Forumite
    First Post Name Dropper First Anniversary
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    Congratulations  :)
    Mortgage Aug 2019 161,000 :eek::eek::eek:Nov 2019 156,500:T Jan 2020 153,122:T, Apr 2020 149,500, Apr2021 139, 675, Oct 2021 136,823, Dec 2021 136,120🙂EF 0/12,000 (0%)😕 (5062.44 was ERC), Jan 2023 128,650. Our Mortgage is never going to be as high as it is today. :jOnwards and downwards to a better life for our family. :jJust keep swimming
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