Plan to be mortgage free in 5 years

sassman

Dropping by and saying hello!

Last year was all about clearing credit card debt - those nasties will be settled by Sept-2021 and the cards will used for day-to-day expenses, settled monthly to keep the credit history 

I'm now looking forward to hammering the mortgage and own every brick by 2026.

Currently owe £94.7K @ 2.09% ending in June-2022.
Monthly payment is £746 / month.
LTV: 34%

From this month, I've started overpaying by £750 / month and will contribute lump sums taking me to the maximum allowed per year.

I'll update periodically as I go.

Take care all!

LadyGnome

Welcome and best of luck

ElmoR

Welcome to the MFW family

Maybe add a statement of affairs and people can help you streamline outgoings and maximise O/Ps

sassman

ElmoR said:

Welcome to the MFW family

Maybe add a statement of affairs and people can help you streamline outgoings and maximise O/Ps

Hi ElmoR, thanks for the Welcome!

Really appreciate the suggestion of an SoA - I completed a very through review/action of finances last year whilst paying off credit cards. I now do what I term as maintenance reviews monthly.