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MFW - Hello :)
marcosscriven
Posts: 81 Forumite
Just wanted to say "Hi" to the thread. Having been looking up on the net about offsets and overpayments, I found this forum.
Have setup a direct debit that's just over double, the first of which came out this month. I figured out today that just that one overpayment is going to shave £15 a month off my bill. I was even more thrilled to work out that a year's overpayments at the same level is going to take a whopping £240 a month.
I am totally addicted now
Have setup a direct debit that's just over double, the first of which came out this month. I figured out today that just that one overpayment is going to shave £15 a month off my bill. I was even more thrilled to work out that a year's overpayments at the same level is going to take a whopping £240 a month.
I am totally addicted now
0
Comments
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Hiya Marcosscriven and 'Welcome to MSE'
Don't stop there - compare your Gas & Electricity prices on one of the comparison websites, change to a water meter if there are less people living in your house than there are bedrooms, use cashback sites for all your internet purchases etc etc.
In fact, there are literally loads of ways that you can minimise your outgoings and maximise your your overpayments.
Best of luck.Mortgage Feb 2001 - £129,000
Mortgage July 2007 - £0
Original Mortgage Termination Date - Nov 2018
Mortgage Interest saved - £63790.60
ISA Profit since Jan 1st 2015 - 98.2% (updated 1 Dec 2020)0 -
Hi marcosscriven, Welcome to the MFW board.
You should look at joining the 2008 MFW newbies support group for extra motivation in overpaying your mortgage.Mortgage Free in 3 Years (Apr 2007 / Currently / Δ Difference)
[strike]● Interest Only Pt: £36,924.12 / £ - - - - 1.00 / Δ £36,923.12[/strike] - Paid off! Yay!!
● Home Extension: £48,468.07 / £44,435.42 / Δ £4032.65
● Repayment Part: £64,331.11 / £59,877.15 / Δ £4453.96
Total Mortgage Debt: £149,723.30 / £104,313.57 / Δ £45,409.730 -
hello and welcome, good luck with your journey!0
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