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I'm paying how much interest a year??!!

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Comments

  • beanielou
    beanielou Posts: 100,142 Ambassador
    Part of the Furniture 10,000 Posts Academoney Grad Mortgage-free Glee!

    Sending positive vibes your way.

    I am a Forum Ambassador and I support the Forum Team on Mortgage Free Wannabe & Local Money Saving Scotland & Disability Money Matters. If you need any help on those boards, do let me know.Please note that Ambassadors are not moderators. Any post you spot in breach of the Forum Rules should be reported via the report button , or by emailing forumteam@moneysavingexpert.com. All views are my own & not the official line of Money Saving Expert.

    Lou~ Debt free Wanabe No 55 DF 03/14.**Credit card debt free 30/06/10~** MFW. Finally mortgage free O2/ 2021****
    "A large income is the best recipe for happiness I ever heard of" Jane Austen in Mansfield Park.

    ***Fall down seven times,stand up eight*** in ~~Japanese proverb.
    ***Keep plodding*** Out of debt, out of danger.
    One debt remaining. Home improvement loan. 19months left.
  • V3cash
    V3cash Posts: 458 Forumite
    Ninth Anniversary 100 Posts Mortgage-free Glee! Name Dropper
    edited 10 March at 3:55PM

    I’ve just read your diary and you have done so well.

    Hoping all is well with your wife.

    MFW December 2026

    Initial mtg £100,000 Jan 2021
    Final payment made balance £0 May 2026
    mortgage free part II done!
    retirement planning started June 26
    H&L share ac started.





  • Well we are through and out the other side. Just waiting for the follow up scan to make sure it's done what it was supposed to do for Mrs Tips.

    That coupled with events around the world well beyond my control have left us on the SVR for now, so many deals pulled it was crazy. Kids back at school next week so will be able to sit down and focus on getting us on the best deal with our current provider just now. One thing after another at the moment.

    OP's slowed down a bit as was expecting a large bill for car MOT and service but did not happen, again will take stock and get funds out of the current account and into the mortgage OP's.

    MFWB 2025 #35: £11,150.81 / £10,000
    MFWB 2026 #35 £3,679.88 / £10,000
    Prolific 2025 £294.34 / £500
    MFWB Diary
    Mortgage 1 Jan 2025: £63,215.87
    Mortgage 1 Jan 2026: £50,602.60
    Mortgage 1 Feb 2026: £49,446.55
    Mortgage 1 Mar 2026: £48,602.73
    Mortgage 1 Apr 2026: £47,817.68
    Mortgage 1 Jun 2026: £46,450.66
  • here_for_the_tips
    here_for_the_tips Posts: 155 Forumite
    100 Posts First Anniversary Photogenic Name Dropper

    Well it's been a while. Even forgot to take a note of Mays figure! There's a big dental bill coming in at just under £1k the next 2 months so OP's will need to slow down a bit as well. As always could be done cheaper but I am not fancying a nice shiny metal tooth showing each time I grin.

    Fallen a little behind with the OP target but it's all good, £10k is a figure to aim for and always said if something came up we're not being silly about it. £10, £100, £1,000 or £10,000 it's all progress to the day we see £0 on the balance and cancel the direct debit. Until then, keep smiling!

    MFWB 2025 #35: £11,150.81 / £10,000
    MFWB 2026 #35 £3,679.88 / £10,000
    Prolific 2025 £294.34 / £500
    MFWB Diary
    Mortgage 1 Jan 2025: £63,215.87
    Mortgage 1 Jan 2026: £50,602.60
    Mortgage 1 Feb 2026: £49,446.55
    Mortgage 1 Mar 2026: £48,602.73
    Mortgage 1 Apr 2026: £47,817.68
    Mortgage 1 Jun 2026: £46,450.66
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