Mortgage free mayhem

mathilde

Interestingly, I'm getting to the point with my pensions that I need to be careful of overpayment charges.

I have one more chunk of pension withdrawal money, but the maximum I can overpay until July is just over £6000.

I think it's time to look at mortgage offset accounts. Time to start researching!

mathilde

Hi everyone, thanks for the supportive comments, they're really lovely.

I got a promotion at work, which is great of course, but just been really busy settling in.

I overpaid by £6200 so the mortgage is now at £44775.

I've maxed out the overpayments for now and I don't want to incur unnecessary fees. On 1st July I'll be able to pay £4400 without penalty, so I've set myself a side quest of saving that much by then. Can I do it? It will be fun to try!

(In case you're interested, I technically have two mortgages, the first I took out when I purchased my shared ownership flat, the second four years later when I staircased to 100% ownership. I include them both in my totals.)

mathilde

Hi everyone, I got £350 overpayment in so the mortgage is now at £44246.

mathilde

It's been three years and my mortgage amount has gone down by nearly 50%. Feeling really positive.

I applied for a promotion to professor and I have my interview next week.

I finished my yoga qualification!

Goals for next month are to get a £500 overpayment in, and to get headstands.

mathilde

Got a bonus payment at work so bunged that in the mortgage: £600.

So mortgage now at £43,388.

mathilde

Got a £400 overpayment in. Currently at £42547.

Goals for coming month:

1. Eat more protein.
2. Keep up walking habit
3. Read more!

debtfreewannabe321

Amazing work on the mortgage OPs Mathilde, well done on your promotion and qualifying for the yoga instructor too! 😎

mathilde

Mortgage now at £41728 after £1000 overpayment.

And...can't believe it but I did a headstand with no wall today!