We'd like to remind Forumites to please avoid political debate on the Forum... Read More »
📨 Have you signed up to the Forum's new Email Digest yet? Get a selection of trending threads sent straight to your inbox daily, weekly or monthly!
Bluebird's Mortgage Free Mission

Bluebird_
Posts: 2 Newbie

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.
2
Comments
-
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!1
-
Hi @Bluebird_
I feel that way as well, seems I'm really motivated by graphsi 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.#19 Make £2025 in 2025 £8.32/£2025"Remember not to do too many things at once" said me to herself.Mortgage Free Wannabe #25 2025 OP £500/£60000 -
Obsession is an excellent character trait when it comes to OP'ing a mortgage - never did me any harm 😀!Mortgage start: £65,495 (March 2016)
Cleared 🧚♀️🧚♀️🧚♀️!!! In 5 years, 1 month and 29 days
Total amount repaid: £72,307.03. £1.10 repaid for every £1.00 borrowed
Finally earning interest instead of paying it!!!0
Confirm your email address to Create Threads and Reply

Categories
- All Categories
- 351.4K Banking & Borrowing
- 253.3K Reduce Debt & Boost Income
- 453.8K Spending & Discounts
- 244.4K Work, Benefits & Business
- 599.7K Mortgages, Homes & Bills
- 177.2K Life & Family
- 258K Travel & Transport
- 1.5M Hobbies & Leisure
- 16.2K Discuss & Feedback
- 37.6K Read-Only Boards