2025 Mortgage-Free Wannabes

BizzyBee_9

julicorn said:

BizzyBee_9 said:

Hi, very new to all this, but would like to join the challenge please. 

Currently considering best options and way forward. Have been overpaying into an Offset mortgage for some years and will continue to do so. 

Currently owe 45k and have 20k saved offsetting it. Aiming to increase the Offset pot by overpaying more than required std payment each month. Currently overpaying £266 above std payment. 

Considering paying lump sum off capital to reduce term and max out Offset savings upto 45k to lessen Interest paid. 

Anything else I need to tell you? 

9 is my key number, so anything related to it is good for me, if possible! Thanks 🙏

Hi there, thanks for wanting to join. The main thing I need is just your overpayment target for next year (in fact, whether it's offset, savings or actual overpayments doesn't matter too much for the purpose of this challenge). Just let me know what figure you're aiming for and I'll assign you a number 99 is still free if you'd like that one!

OK thanks! 

Will come up with a figure, I am aiming for as much as I can, hoping to increase very soon.. but having a figure is a target to beat. 

Yes please for No 99 - and I was just the 9th to thank you on your post! Ha 

V3cash

Can I add £49.40 to #67
which makes March’s total so far  £338.90

julicorn

BizzyBee_9 said:

julicorn said:

BizzyBee_9 said:

Hi, very new to all this, but would like to join the challenge please. 

Currently considering best options and way forward. Have been overpaying into an Offset mortgage for some years and will continue to do so. 

Currently owe 45k and have 20k saved offsetting it. Aiming to increase the Offset pot by overpaying more than required std payment each month. Currently overpaying £266 above std payment. 

Considering paying lump sum off capital to reduce term and max out Offset savings upto 45k to lessen Interest paid. 

Anything else I need to tell you? 

9 is my key number, so anything related to it is good for me, if possible! Thanks 🙏

Hi there, thanks for wanting to join. The main thing I need is just your overpayment target for next year (in fact, whether it's offset, savings or actual overpayments doesn't matter too much for the purpose of this challenge). Just let me know what figure you're aiming for and I'll assign you a number 99 is still free if you'd like that one!

OK thanks! 

Will come up with a figure, I am aiming for as much as I can, hoping to increase very soon.. but having a figure is a target to beat. 

Yes please for No 99 - and I was just the 9th to thank you on your post! Ha 

Cool, let me know when you have a figure (with a reminder that you want number 99) and I'll add you in  

NotWhereIWantToBe

Hi @julicorn. #83 with an OP of £346 for February.
Many thanks. 

A_Random_Man

#49 First payment of month of £23 taking my yearly total to £178.59

here_for_the_tips

#35 with a £570 payment for a current March total of £765.28

Hettyhound

#21 with a March overpayment of £827.77!  This brings my outstanding mortgage balance down to £20,500 which is why the 77p is sooooo important    Thank you Julicorn

Lauraebrad

Hi @julicorn March numbers for number 30 please.  March OPs £360.  Total OP YTD £960.  Thank you!

SeekingFlight

@julicorn

Due to unexpected circumstances I have 2 OP's to report

£45,790.99 in February
£35,527.76 in March

That's me out for the year, I can't make any further OP's without incurring a penalty. I'll be doing a savings challenge for next year's OP instead. 

smetf

Morning, 
Small OP of £25 paid this morning bringing March's OPs to £1046.52.
1/2 some surveys income.
S (#3)