Bluebird's Mortgage Free Mission 6 February at 1:57PM in Mortgage-free wannabe 3 replies 193 views

Bluebird_

We've just fixed our mortgage for the next two years and the eye-watering monthly payment increases means we're going to have to stop being so complacent about the 15 years remaining. I'm planning on overpaying as much as I can each month and this diary is for me to keep track of my progress. Here we are in February and I've just made my first overpayment of £50. Sometimes the overpayment might be a small round up from my bank account but every little helps! I'll update my signature when I can.

Bluebird_

We got a few hundred pounds back from the energy company as quite a surplus had built up over the last few months so I’ve diverted some that to overpaying the mortgage, plus I’ve been chipping away most days from rounding down my own account. So far this month I’ve overpaid by £217.57. The aim is to overpay by £500 a month on average. I love the mortgage overpayment calculator in this site. I get great satisfaction from seeing how much we can save in interest if we persist in overpaying. OH thinks I’m obsessive and I think he’s probably right!

SeekingFlight

Hi @Bluebird_

I feel that way as well, seems I'm really motivated by graphs i finally managed with a budget app when i found one that would make me a graph of monthly spending categories or a pie chart.

Good going every little bit helps.

South_coast

Obsession is an excellent character trait when it comes to OP'ing a mortgage - never did me any harm 😀!