2022 Mortgage-Free Wannabes

f0xh0les

Aaaand...... #40 reporting in for October, with a £73,765.11 overpayment which pays off my mortgage fully!!!  saving over £15k in interest at 1.8% on my current terms, but probably double that with the interest rates they are offering now (eek!!)

This thread has kept my spirits up in months where I could only afford a £20 overpayment, and kept my motivation going in months when I could pay more.  Each £1 was £1 I would never pay interest on again. 

Thanks to the wonderful @julicorn and the amazing @pawlala (pawlala was the julicorn before julicorn was, or maybe julicorn is the new pawlala after pawlala was) for updating the spreadsheet and keeping me in order and on track, and enabled me to pay off the mortgage with an inheritance, because I had been overpaying for years. 

In celebration I switched my (tarting) account to the Nati0nwide and scored their £200 switching bonus!! and DH did as well, so that is an extra £400 to  start to build the savings back up!

Keep on keeping on, you will get there.  Good luck all!

SandyShores

Sorry @julicorn#47 sheepishly reporting to say this year has almost been a write off in terms of OPs.  I'm going to start afresh on 1st Jan, so look forward to seeing you all in 2023.

IndiJonesi

Congratulations @f0xh0les on becoming mortgage free.  An amazing achievement indeed.  Indi x

Hettyhound

Number 69 with an October overpayment of £300.  Hope for a bit more later in the month as I’m trying to reduce it as much as possible before my fix ends on 31/12/22.  Thanks very much Julicorn

Hettyhound

Number 69 with an October overpayment of £300.  Hope for a bit more later in the month as I’m trying to reduce it as much as possible before my fix ends on 31/12/22.  Thanks very much Julicorn

hockeylover40

#46 checking in with my September overpayment - another £167 for a total £1503 YTD - beaten my target and still going

Thanks Julicorn

HelenaPinky

#93 with an update for the last few months:
Aug: £300
Sep: 0
Oct: £300
which should bring my total so far this year to £5950
Thank you Julicorn

Qtipps44

#33 update for October. Over payment of £1297.08.

 We’re on track this year as will not have great deal of overpayments now due to holiday payment for next year and Christmas. On track after April to have less then 20k after fixed rate part is paid off with savings. Can’t fix due to small amount and want the flexibility of over paying so will deal with rate rises and be grateful we’ve a small mortgage. Hoping to be paid off by end of 2024 if not sooner.
thanks for updating.

JaggedFlamingo

#10 with a delayed update - I forgot to post total overpayments of £6000 in September. We've just made a first (possibly last) OP for October of £4,000. Thanks julicorn!

Bored

#123 checking in with an overpayment of £100 for October. There might be a little bit more at the end of the month but that's it for now. Small steps!