2022 Mortgage-Free Wannabes

Legs21

#71 Checking in with an April OP of £150

Thank you 🙂

Mortgage_Minimiser

#13 with just the first day account round up of £61.25. Hoping the OPs will start in earnest soon - been filling up the SIPP for year end to get the tax relief, so have put over £14k in there, some of which would usually have been mortgage OPS. Never mind, its all for a good cause

Thansk Julicorn!

MMx

eat_that_frog

Hi Julicorn, #58 reporting in with my total March OPs of £6500. Thanks so much.

CountryRoads

#84 checking in with overpayments of £160 in both March and April. Thanks Julicorn

mark55man

Hi Julicorn and thanks as ever

#57 reporting in as of end Mar 2022.

At the end of 2021 my Mortgage Neutral (MN) pot was £31.9K and my mortgage balance was £86.4K.  Giving a deficit/net-debt of £54.5K.

At the end of Mar 2022 my Mortgage Neutral (MN) pot was £41.1K and my mortgage balance was £82.4K.  Giving a MFW OP total of £6.6K in March (gross pension contributions and investment returns) for an overall MN deficit/net-debt of £41.3K.

At the end of the tax year I am almost half way to MN.  Next tax year (but this calendar year) I might start drawing the pension down through using some tax free cash from the Pot to actually OP (rather than pretend/MN-OP). It won't bring me to MN any earlier (as its the same money), but as I am limited to 10% per year of starting balance starting the job of overpaying early would give me an extra OP headroom and this could bring my mortgage to actually being overpaid (rather than just MN) at the end of 2025. Reduced from mid 2027 - this would guarantee that my fixed rate would still be in place when my actual mortgage balance hits £0, which feels attractive, as well as saving some interest.

But that's a separate challenge - until then my estimated Mortgage Neutrality date is still in Feb 23.

hockeylover40

#46 declaring at OP of £167 for April. Thanks Julicorn!

becksta

No#88 checking in with a £200 OP for April.

Many thanks for the updates

lindez

Hi All
#2 with 450.00 over payment for April
Thank you Julicorn 

ruby_eskimo

Hi @julicorn #60 checking in with an OP of £289.31 for April

Shal1160

Hi all
#36 checking in with £100 o/p for Feb, £100 o/p for Mar and £925 o/p for April. Please could I also update my goal to £3000 from £1000 for 2022? 
Thank you Juliecorn!