2023 Mortgage-Free Wannabes

Martas

Good morning everyone!
The plan was that I won't be overpaying until the end of June when my overpayment allowance renews but  Natwest took out this morning extra £999. I cancelled overpayments on the 23rd of December but it looks like the bank didn't process it in time. Ah well, this money was earmarked for overpayments anyway so I guess I'll have to pay £9 fee and just live with it.

#56 reporting £999 for January
@julicorn I noticed on spreadsheet that number 42 is still free. Would it be possible to move me up and I would have the same number for this challenge and for MFi3 challenge please 🙏 

Flower_of_scotland

Hi everyone, no.80 here making £464.10 o/p today to round my mortgage to even number.  

Thanks 🙃

Singlespeeder

HNY all.
My first year here, not really sure how it works.
We do a full 10% as soon as feasible to the Annual mortgage anniversary, which oddly is June (though we bought the house in March ) We have this saved waiting to go.

We've never changed what we originally paid at the start of the mortgage ... £702.65, even though we've paid off about £24k in OP's.

What we should be paying now for the mortgage is £569.79 .... however we continue paying £702.65 thereby making an additional OP each month of £132.86 so I guess that's what I say I've OP'd.
I've also calculated my daily interest - £4.57 which is about £141 in a 31 day month... so the monthly OP pretty much wipes out the interest .... so every month, from the normal mortgage payment of £570, about £560 of it actually comes off what we owe.

When you look at buying vs renting ... it really is a no brainer. To rent our house we'd be paying £1000 a month I'm sure.
In reality all the house actually costs us each month is the £140 interest ! The rest is going straight into our own pocket. That's without factoring in the rise in value of the house. Truly a win - win . 

So at the end of all this waffle ...
#62 £132.86/£11000

smetf

#3 reporting in. First OP of 383.81 gone in as standard and all December's survey income of 32.54 gone to make the first extra OP of 2023. 

MFWannabe

#47 - £203.20 
first overpayment of the year, this is our regular amount every month( odd number as it rounds the full payment up to a nice round figure 👍

Trundley27

@julicorn I want to be back in this year please. #97.  

December 2022 = £500.00 OP
January 2023 = £500.00 OP 


Total OP last year = £1600.00

Taking my overall OP total for 2022 and currently 2023 at £2100.00

frankersBri

Hi Juliecorn. HNY!
#37 with first OP for 2023 of £300

WelshSaver

Hi julicorn I would love to join for 2023. First time trying to overpay my mortgage. My target for overpayment will be £5000.
Thanks 😇

Jessy103

Hi, 

No.12 with an overpayment of £135.93 for Jan.

Thanks 🙂

Bored

Hi Julicorn,

Please could I rejoin for 2023 with a new number (previously #123) and a target of £4000 please? Thanks!

Belated happy new year all.