2023 Mortgage-Free Wannabes

lindez

Hi All
#2 with over payment 500.00 for June
Thank you Julicorn

pawlala

#22 reporting total overpayments for May came to £703.84

Thanks and have a great week everyone!  

julicorn

pawlala said:

Thanks and have a great week everyone!  

You know what, for a split second I read this as 'weekend' - wishful thinking, eh?  

Sistergold

julicorn said:

Sistergold said:

Hello everyone. My discounted 2yr tracker is coming to an end 30th June. I will be moving onto a new 2yr tracker and ofcause it will tracking at a higher margin for the bank above Bank of England rate. As I was on a tracker anyway my monthly payments have been going up as rates have gone up but the tracker was much lower than the new one I will be on. With all this interest rate hikes in mind I have decided to massively reduce my mortgage balance. This is using money I had been saving as a building fund for an extension which I suppose I will put on hold until we know where we are ending with these mortgage rate hikes. 

This is number 34 here reporting an OP of £101k for june. That is £101000.00. 

Thank you @julicorn for keeping us updated! 

Absolutely incredible update, well done Sistergold!

Thank you @julicorn 🙃

misspretenderboat

#73 

First payment since January but it's still summat.

Please add £300 total for June.
Thank you

CrowdieSaver

Hi

#49 with an overpayment for June of £250.

Total for the year is now £1,750.

Thanks Julicorn.

CS x

sophieo16

Hi everyone, 

These payments are just rolling in aren't they! well done everyone. 

Ive somehow managed to miscalculate my payments, so am going to put the difference down between the numbers ive got as payment for June. 

#20- June- £75.84

Overall total: £263.80

Trundley27

Reporting 2 No. Overpayments May & June for #97 = (May £500) and (June £500). Cheers!

NotWhereIWantToBe

Is anyone now saving their overpayments to pay at a later date now some of the interest rates on savings are a bit better ?
I have been so confused by it all - My mortgage rate is 1.84% currently and easy access savings are at around 4%. I am thinking about putting it away in a fixed rate ISA until I remortgage in July 2027 (or a few months before).
In my head I was going to be saving so much interest by overpaying, but in reality if I overpay the 10% allowed each year I will be saving £153.30 a year !

eat_that_frog

Hi #40 here, haven't updated for a while, my update for May is £4k and my update for June is £4k please.

As I've hit my previous target, please can I increase my yearly target to £46k to keep the pressure on.

Many thanks @julicorn