2008 MFW newbies

bellsbells

AuntieH wrote: »

I realise its nearly the end of the year but I'm new so am signing up for this anyway please. Target to over pay as much as possible, probably set a more accurate target from Jan 09. Hope to be MF in 10 years, got 19 to go so just plumped for half. Not sure how hard its going to be .

Welcome AuntiH - you are added to the list! There will be a new thread starting next year - more news on that to follow in November!

bellsbells

belfastgirl23 wrote: »

Hi guys

After all the misery at the start of the month, in the end I managed to overpay by more than usual - £599 which was an accident since I can only overpay by £500 a month but anyway this makes a total overpayment of £2994

I purposely paid more myself because hopefully dh will make an OP next month which could be quite substantial and I figured no point in paying the fee on the whole lot.

And if we keep overpaying and if interest rates come down we have a chance of paying off in 15 years ... not great but hey it would be 8 years early!

8 years early is massive! that would be a real achievement:j

bellsbells

trudypretty wrote: »

hi there...please can you add me to your list of newbies trying to make over payments on their mortgages!! i am aiming to pay at least £100 per month as overpayment, more if poss!!!

this forum is great to read and become inspired to pay every extra penny off...i even found 50p on the floor earlier at the cinema...1st thought that came into my head...put it in pot to overpay mortgage!! :rotfl:

tee hee hee - that sounds just like me. I do the same with any money I find. I have a collection of money boxes - one is for 5p pieces (when that is full it will be a total treat just for me - probably chocolate and a DVD) one for coppers (for DS pocket money) and then the overpaymrnt pot as well that mostly holds other silver. It is all a bit addictive! :rotfl:

bellsbells

Tomorrow is the last date for totals - on Saturday at some point I will update the first post ready for November. I will also have news about next years thread. Can you believe it? Only two months to go of 2008!

tootallulah

Hi BB

I hope all is going well with you. My overpayment this month was £305 making my total overpayment for the year to be £3050. Are we up for next year then?

Heather

tootallulah

Sorry and now I'll send it as a pm!

Courgette

Yay!!! Overpaid a tax rebate of £536.91 today, putting me at £2200 OP for the year - original OP target £2000. Yay me!!!! Bells, I'll PM you the details

TurnaroundSue

belfastgirl23 wrote: »

Thanks Sue - can I ask who you bank with? I'm with Nationwide and it does say a max of £500 a month but perhaps this is spread out over the year???

Sorry for delay in replying Belfastgirl, but didn't come back onto the pc yesterday after I posted. My mortgage is actually with Barclays (Woolwich), but maybe their T&Cs are different from the Nationwide.

Good luck and hopefully you WON'T get any penalties for overpaying too much in one month:eek:

twinklie

Ok ignore any mortgage free plans I may or maynot have had. We are looking to possibly up the mortgage now in a bid to be able to move. DOH!

Juli

No OP for me this month I'm afraid.
But as of November hoping to increase my monthly payment to op by about £100 a month. Realised there is no way I am going to meet my target for this year - must make next year's target more realistic!

Well done to everyone who's already hit their annual target.