9-6 next year.

Dandytf
Dandytf Posts: 4,779
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edited 29 August 2021 at 10:55AM in Mortgage-free wannabe
Mortgage free date is almost on the horizon.
35.25k over 13 yrs.
Have ramped up repayments to set from Sept 100 pounds overpayment from standard  250 per month 1.74% 2 yr fix.
Early into 2022 I am to  increase further to 200 pounds overpayment 450 per month.
Which means reducing new term from 9 years to just over 6 years.
I could apply this before 21' ends, though want to ensure I'm comfortable.
Replenished CRA Reports.2015 Zoe i nav -67-131 miles top charge. Savings depleted. VM Stream tv M250 Volted to M350 then M500.

Comments

  • Exciting - you’re very close.
    2017 - mortgage of £140,000 and interest rate of £10 a day
    Feb 2021 mortgage of £103000
    May 2021 mortgage of £100000
    July 2021 mortgage of £97000
    November 2021 mortgage of £93000
    July 2022 mortgage of £84000
    December 2022 mortgage of £79000
    December 2023 mortgage of £73000
  • Dandytf
    Dandytf Posts: 4,779
    First Anniversary Name Dropper First Post
    Forumite
    Exciting - you’re very close.
    barring any mishaps, seems very realistic way forward.
    I appreciate future rate rises etc will force tinkering repayment sums.

    Feels great to possibly achieve final 5 or 6 years.

    thanks!  
    Replenished CRA Reports.2015 Zoe i nav -67-131 miles top charge. Savings depleted. VM Stream tv M250 Volted to M350 then M500.
  • Dandytf
    Dandytf Posts: 4,779
    First Anniversary Name Dropper First Post
    Forumite
    Exciting - you’re very close.
    this idea isn't going very well.
    I've gave up full time hours for reduced hours.
    maybe I'll manage 350 until next year, though 450 or more seems unrealistic at this time.

    thanks
    Replenished CRA Reports.2015 Zoe i nav -67-131 miles top charge. Savings depleted. VM Stream tv M250 Volted to M350 then M500.
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