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The Case of the Overwhelming Mortgage

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Comments

  • savingholmes
    savingholmes Posts: 29,219 Forumite
    Part of the Furniture 10,000 Posts Name Dropper Photogenic
    £13K reduction is phenomenal. Well done. I sympathise with the EF / Savings. I'm trying to raise my standards - they say you get your musts but not your shoulds. So trying to set it as a must that I have at least £2K savings - once I master that - my next step is £3K and so on.
    Achieve FIRE/Mortgage Neutrality
    1) MFW Nov 21 £202K now £166.7K Equity 38.23% 12/7/26
    2) £1.8K Net savings after CCs 31/7/26 (but owed £400) so £2.2K
    3) 44.5/82K = 54.26% AVC Goal by mid 2028
  • AgathaSquirrel
    AgathaSquirrel Posts: 415 Forumite
    Fifth Anniversary 100 Posts Photogenic Name Dropper
    Down to £5.29 interest per day.
    2017 - mortgage of £140,000 and interest rate of £10 a day
    Feb 2021 £103000
    November 2021 £93000
    December 2022 £79000
    December 2023 £73000
    March 2024 £70000
    May 2024 £68000
    October 2024 £65000
    February 2025 £63000
    March 2025 £45000, interest of £6.07 per day
    November 2025 £41000, interest of £5.62 per day
    March 2026 £38000, interest of £5.22 per day
    July 2026 mortgage of £34,000 and interest of £4.97 per day
  • AgathaSquirrel
    AgathaSquirrel Posts: 415 Forumite
    Fifth Anniversary 100 Posts Photogenic Name Dropper
    Recovering from stupid Covid. Think someone else has my brain. Fitness has gone down the drain. 😡.Hopeful I’m still in recovery phase and this will improve.

    Paid soon, should manage an overpayment this week.
    2017 - mortgage of £140,000 and interest rate of £10 a day
    Feb 2021 £103000
    November 2021 £93000
    December 2022 £79000
    December 2023 £73000
    March 2024 £70000
    May 2024 £68000
    October 2024 £65000
    February 2025 £63000
    March 2025 £45000, interest of £6.07 per day
    November 2025 £41000, interest of £5.62 per day
    March 2026 £38000, interest of £5.22 per day
    July 2026 mortgage of £34,000 and interest of £4.97 per day
  • Orangetoes
    Orangetoes Posts: 361 Forumite
    Fifth Anniversary 100 Posts Name Dropper
    Hope your recovery is quick x 
  • savingholmes
    savingholmes Posts: 29,219 Forumite
    Part of the Furniture 10,000 Posts Name Dropper Photogenic
    Hope you feel better soon.
    Achieve FIRE/Mortgage Neutrality
    1) MFW Nov 21 £202K now £166.7K Equity 38.23% 12/7/26
    2) £1.8K Net savings after CCs 31/7/26 (but owed £400) so £2.2K
    3) 44.5/82K = 54.26% AVC Goal by mid 2028
  • AgathaSquirrel
    AgathaSquirrel Posts: 415 Forumite
    Fifth Anniversary 100 Posts Photogenic Name Dropper
    Overpayment made. Now down to £90,000. Next month should get down to below £90000 which is first goal and £50000 off original mortgage.
    2017 - mortgage of £140,000 and interest rate of £10 a day
    Feb 2021 £103000
    November 2021 £93000
    December 2022 £79000
    December 2023 £73000
    March 2024 £70000
    May 2024 £68000
    October 2024 £65000
    February 2025 £63000
    March 2025 £45000, interest of £6.07 per day
    November 2025 £41000, interest of £5.62 per day
    March 2026 £38000, interest of £5.22 per day
    July 2026 mortgage of £34,000 and interest of £4.97 per day
  • savingholmes
    savingholmes Posts: 29,219 Forumite
    Part of the Furniture 10,000 Posts Name Dropper Photogenic
    Great progress. Fantastic.
    Achieve FIRE/Mortgage Neutrality
    1) MFW Nov 21 £202K now £166.7K Equity 38.23% 12/7/26
    2) £1.8K Net savings after CCs 31/7/26 (but owed £400) so £2.2K
    3) 44.5/82K = 54.26% AVC Goal by mid 2028
  • greent
    greent Posts: 11,096 Forumite
    Part of the Furniture 10,000 Posts Name Dropper Photogenic
    Fab progress!

    Hope you're feeling better now x
    I am the master of my fate; I am the captain of my soul
    Repaid mtge early (orig 11/25) 01/09 £124616 01/11 £89873 01/13 £52546 01/15 £12133 07/15 £NIL
    Net sales 2024: £20

    2026 Declutter campaign awards 2x star
  • glass_half_full
    glass_half_full Posts: 752 Forumite
    Tenth Anniversary 500 Posts Name Dropper Debt-free and Proud!
    Great progress !
    Going on sabbatical August 31st 2026.
  • powerspowers
    powerspowers Posts: 1,404 Forumite
    Fifth Anniversary 1,000 Posts Name Dropper
    Wow! That’s amazing 
    MFW 2021 #76 £5,145
    MFW 2022 #27 £5,300 
    MFW 2023 #27 £2,000
    MFW 2024 #27 £6,055
    MFW 2025 #27 £5,075
    MFW 2026 #29 £350 / £1000
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