2008 MFW newbies

bellsbells

Onlt one day left to get your July totals in! Please pm me by the end of tomorrow at the latest,

ta bb

Snaggles

bellsbells wrote: »

What a fantastic motivation for overpayment! Have you looked into how much an extension would cost verses moving? I suppose with the housing market as it is an extension might be a safer bet????

Thanks

We've had an initial look into it, and for a (small) 3 bedroomed house, it would be anything from £130k upwards (but a lot more choice from £150k upwards). That would mean increasing our mortgage by at least £30k, but we would also have to pay out £5k for estate agents, conveyancing, moving costs etc.

So if the extension can come in at around £35k or less (which I hope it can ), I will be more than happy, because I like our house (small overall but the rooms are a good size and nicely proportioned), our street and (most of) our neighbours.

We have an architect working on some draft plans for us as we speak, so I'll let you know!

Moniker

Bellsbells, I have pm'd you with my end of month figures but not sure if the message went so here it is again:



My mortgage figures are as follows:

Owed as at 31st July 2008: £39251.67
Overpaid so far this year: £3500
Target: to over pay by £500 every month or £6000 per annum and pay off completely by July 2011.

Hope this is set out in a useful way.
Thanks

Moniker

montillababe

Hi everyone, we are off to Nat west tomorrow where our challenge will begin, we have 18 years left on our mortgage and 88000 owing plus £61000 of loans which we have invested in homes overseas, tomorrow we are opening up a nat west one account, we will put loans and mortgage together and do the repayment over 8 years, then we hope this will decrease to 4 years by
offsetting additional monies, its going to be a bit of a ride but as i turn 50 in december, we are determined to be clear before i retire nicci

Leokiss

Hello all, i just seen this thread would love to join ive yet to make any overpayments still deciding on my targets but wheels are turning my first overpayment is due shortly:j

LA83

Hi i have started late to this so far i have overpayed £285 since dec 06 when i got my mortgage which is £855 a month. Recently im trying to over pay 130 a month to start with, then up it as much as i can...depends if i get any saturday jobs etc on top of my weekly pay(roofing). next year i wanna pay of £4000 extra for the year this month i overpayed £130

bellsbells

bellsbells wrote: »

Welcome to the thread for everyone starting their MFW journey in 2008. Please feel free to join at any time and your name will be added to the list along with any specific overpayment goals you have for the year. I will do an update each month on our progress so we can see how we are all doing and offer each other support, ideas and encouragement!

There is no cut off point for joining the thread and the challenge (except the 31st December:rotfl: ) so if at any point this year you are ready to start working on becoming mortgage free please join us! Your target can be as specific or general as you like.

Good luck to all!

Goal for 2008/general aims Total so for the year Total for July
1. Martinslovechild - MFW Graduate
2. Poppyosaur - £2000 overpayment £1405 £120
3. SPL - £5000 overpayment £6146.88 £1258.81
4. Elantan - £2000 overpayment £1146 £1
5. Newmoneysaver - £1500 overpayment £1300 £
6. Lumpy Custard - Reduce mortgage to £20K £600 £
7. Wheelies - £343.20 overpayment £117.20 £
8. Daft Pegasus - Reduce mortgage by £12000 £6654.06 £
9. Ms Cat - £2000 overpayment by end Nov £700 £
10 MF2015 - £8900 overpayment £3750 £
11. Hummingbird - £4685 overpayment £550 £50
12. TEENY -
13. Bellsbells - £2500 overpayment £1390 £150
14. Atypicalblonde - £2500 overpayment £0 £
15. Frugalfreda - Overpay as much as possible £3000 £
16. Di-Dough - £3000 overpayment £1127.75 £124.23
17. Torbrex - £2000 overpayment £1285.64 £192.50
18. Violet Blue - Reduce mortgage to £23000 £1715 £
19. Belfastgirl23 - £2500 overpayment £1835 £335
20. LouiseJ - £3720 overpayment £2498 £410
21. Thriftyget - Sub 30K by end of year
22. Jay1 - Overpay as much as possible
23. Squiggly Diddly - Overpay something each month £500 £
24. Kazzieg - Clear £35k mortgage
25. Zavarony - £3000 overpayment £1300 £200
26. Stripey Cheese Skirt - £3000 overpayment
27. SALTY69 - £3600 overpayment £700 £
28. Emma_Nottingham - £1600 overpayment by 2/11 £361.35 £
29. Macka0 - Pay off £5000 by October £1500 £
30. Kezza12 - £3000 overpayment £1870 £300
31. Lifebegins - £6000 overpayment
32. George_jetson - MFW Graduate - became MF July '08
33. Chrisbee - £600 overpayment £50 £
34. Sheslookinhot - Reduce mortgage to £13000 £2364 £336
35. Intheblackfinally -
36. DrGUID -
37. Lauren565 - £5000 overpayment £1,132 £
38. Cazzdevil -
39. Twinklie - £
40. Alion - £3000 overpayment £1500 £
41. Aliportico - £2000 overpayment £800 £
42. Steveswift - £4000 overpayment £1680 £
43. Tootallulah - £4500 overpayment £2400 £200
44. Angel81uk -
45. Howskint? - £3500 £ £
46. Freaky-di - £1500 overpayment
47. Broomstick27 - £500 £
48. Gazella77 - £2000 overpayment £490 £
49. Alli_baba2 - £4500 overpayment £3126.28 £3126.28
50. Loomacdon - overpay as much as possible £4427.48 £
51. Bargainhunter - £2400 overpayment£1436.30 £207
52. I,m Sad - £ £ £
53. Clockwatcher - £500 overpayment £600 £
54. Maximumtime - £4000 overpayment £ £
55. Hawksmuir - £1000 overpayment £400 £
56. Courgette - £2000 overpayment £245.75 £
57. Sofasurfer - £5000 overpayment £50 £
58. Teasel26 - £1000 overpayment £ £
59. 49clare - £ £800.44 £
60. ShakyStoozer - £ £ £
61. ShreksBodyDouble - £1000 overpayment £690 £
62. IDN101 - £ £ £
63. Sosh - £4000 overpayment £2349.44 £
64. Oggieinglos -
65. Steve-o - £7200 overpayment
66. Daisydog - £
67. Skint2008 - £
68. Mischiefmaker - £1000 overpayment £40 £
69. Courgette - £1355.81 overpayment £310.06 £
70. Gillybean - £2000 overpayment £100 £
71. Birdstill - Reduce mortgage by 20k £15K £
72. Bigadd - Overpay by £3564 £ £
73. Bubblette - Offset as much as possible
74. Gustavlebon -
75. Pollys - £2400 overpayment £2405 £325
76. Savvymummy - £1000 overpayment £197 £
77. Overthetop - £5130 overpayment £2280 £570
78. Snaggles - Get mortgage to below 32k £1531.83
79. Oompahloompah - £ £ £
80. Dingling68 - £1500 overpayment
81. Abouttimetoo - £2700 overpayment £1250 £300
82. Sreppaw -
83. Aliwal - £1000 overpayment
84. Zebedy - £5000 overpayment £4305.77 £2305.77
85. Mustafa Say Ving - £5000 overpayment £585 £
86. Mrs Binsky - £6000 overpayment £3000 £
87. Mitchg - Mortgage free this summer
88. Shawtj2 - £600 overpayment by March '09
89. Bedhair - £1500 overpayment £300 £
90. Redmadcurls -
91. Moneysavingwannabe - £2250 overpayment £595 £
92. Ilovecookies - Overpay as much as possible
93. Warrior Princess -
94. Fuzzipeg - Reduce mortgage by 9K £4000 £2000
95. Shirlgirl - Overpay £22500 £2800 £2800
96. SuiDreams - £500 overpayment £235.14 £127.14
97. Welshlassie - £240 overpayment £132.03 £
98. Jobags - Overpay 40K £32326 £2040
99. Laurar3 - £1500 0verpayment £815 £315
100. Cookie334 - Overpay £600 £334 £
101. Petscomer176 - Overpay £500 £152 £
102. Hels50 - Reduce mortgage to sub 60K
103. Vespa Rider - £3000 overpayment
104. Fluffysox - £2000 overpayment £2127 £496
105. AJ1982 - £5000 overpayment
106. Noodles42 - £2000 overpayment £870 £400
107. Gifford - £10000 overpayment £5000 £
108. Sportyjd - £1250 overpayment
109. Tro127 - £2008 overpayment £855 £275
110. TurnaroundSue - £2049 overpayment £49.15 £26.09
111. LindsayO -
112. Floxxie - Mortgage down to 90K (target - £16433.79) July = £92644.64
113. Lilmil - £2500 overpayment £1160 £300
114. Sunny Donny - £120 overpayment £40.71 £9
115. Ferguwat - £500 overpayment £300 £50
116. Nic283 -
117. Want2beMF -
118. Shineyhappy - £5000 overpayment £1000 £200
119. Herewegoagain -
120. Llydaw - £2500 0verpayment £1192 £400
121. SnaxO -
122. PsychoPrincess - £5952.60 overpayment £180 £180
123. Zekepes - £12500 overpayment £3000 £
124. Newbird -
125. Lunar Eclipse -Reduce mortgage by £100K
126. 2latenow - Reduce mortgage to £200k in 3 yrs £2015 £1015
127 Gladriel - £300 overpayment £1000 £250
128. Optimisticpair -
129. Nellis10 - Overpay by £3000
130. Moominyak - Overpay by £2000 £630 £630
131. Bernlyn -
132. Lilac Pixie -
133. Moniker - £6000 overpayment £3500 £500
134. Polesana -
135. Little Orange -

Thats July done and dusted - the first post is now clear ready for August:j

bellsbells

montillababe wrote: »

Hi everyone, we are off to Nat west tomorrow where our challenge will begin, we have 18 years left on our mortgage and 88000 owing plus £61000 of loans which we have invested in homes overseas, tomorrow we are opening up a nat west one account, we will put loans and mortgage together and do the repayment over 8 years, then we hope this will decrease to 4 years by
offsetting additional monies, its going to be a bit of a ride but as i turn 50 in december, we are determined to be clear before i retire nicci

welcome montillababe and good luck!

bellsbells

Leokiss wrote: »

Hello all, i just seen this thread would love to join ive yet to make any overpayments still deciding on my targets but wheels are turning my first overpayment is due shortly:j

welcome leokiss - you are added to the list - justlet me know when you have a target sorted!

bellsbells

LA83 wrote: »

Hi i have started late to this so far i have overpayed £285 since dec 06 when i got my mortgage which is £855 a month. Recently im trying to over pay 130 a month to start with, then up it as much as i can...depends if i get any saturday jobs etc on top of my weekly pay(roofing). next year i wanna pay of £4000 extra for the year this month i overpayed £130

welcome to the thread LA83!