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Hurrah, my MFW quest has started

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  • gallygirl
    gallygirl Posts: 17,240 Forumite
    Part of the Furniture 10,000 Posts Photogenic Name Dropper
    I could have done that in April when I started this - mind you that would have meant less time spent with spreadsheet so every cloud and all that:rotfl:

    :rotfl: :rotfl: :rotfl: :rotfl: I'd be exactly the same :)


    Wow, impressive admin list ticked off, can I hire you for a [STRIKE]lifetime[/STRIKE] few hours :confused:
    A positive attitude may not solve all your problems, but it will annoy enough people to make it worth the effort
    :) Mortgage Balance = £0 :)
    "Do what others won't early in life so you can do what others can't later in life"
  • SmlSave
    SmlSave Posts: 4,911 Forumite
    Part of the Furniture Combo Breaker
    Well done on getting your jobs done.

    Anything exciting planned for the weekend?
    Currently studying for a Diploma - wish me luck :)

    Phase 1 - Emergency Fund - Complete :j
    Phase 2 - £20,000 Mortgage Fund - Underway
  • abouttimetoo
    abouttimetoo Posts: 1,860 Forumite
    Part of the Furniture Combo Breaker
    Hi all

    Just been updating my signature and I'm really pleased with my progress. Seeing the IO part down to £91,910 and the overall balance at £183,050 is just lovely:D

    I'm setting myself a new target of getting the IO down to £90k by the end of the year with a stretch target of getting the overall balance down to £180k - it will be really tough but I would love to do it.

    I've done a wee bit more investing on the old stocks and shares side and been reviewing my overall holdings. I've always taken a very long term view on my investments (apart from the dabbling I'm doing at the minute):rolleyes: but I must admit to a nano second of 'oh my god' when I see what my holdings were worth five years ago and even one year ago as opposed to what it is worth now but it was just a nano second
    MFW Start Date 1.4.08. Updated 23.1.18. MFW date 1.8.18
    Original Mortgage o/s £187,643 / £71,904 (-115,739)
    Repay o/s £92,661 / now £55,900 (-36,761)
    Int Only o/s £94,982, now £16,004 (-78,978)
    Total daily interest £1 [a) £0.77 b)£0.23
    Total OP's:2018 target £TBC YTD £1,995
  • evab_2
    evab_2 Posts: 2,336 Forumite
    That's great progress over the last few months, those milestones seem to renew the drive to pay off the mortgage in my opinion.

    ev x
  • setmefree2
    setmefree2 Posts: 9,072 Forumite
    Mortgage-free Glee!
    Hi all

    Just been updating my signature and I'm really pleased with my progress. Seeing the IO part down to £91,910 and the overall balance at £183,050 is just lovely:D

    Well Done:T:T:T
  • SmlSave
    SmlSave Posts: 4,911 Forumite
    Part of the Furniture Combo Breaker
    You're doing wonderful!

    Keep it up.
    Currently studying for a Diploma - wish me luck :)

    Phase 1 - Emergency Fund - Complete :j
    Phase 2 - £20,000 Mortgage Fund - Underway
  • evab wrote: »
    That's great progress over the last few months, those milestones seem to renew the drive to pay off the mortgage in my opinion.

    ev x

    Hi Evab - totaly agree about the milestones and dare I admit it's even fun setting them:o
    MFW Start Date 1.4.08. Updated 23.1.18. MFW date 1.8.18
    Original Mortgage o/s £187,643 / £71,904 (-115,739)
    Repay o/s £92,661 / now £55,900 (-36,761)
    Int Only o/s £94,982, now £16,004 (-78,978)
    Total daily interest £1 [a) £0.77 b)£0.23
    Total OP's:2018 target £TBC YTD £1,995
  • Hi all

    My goodness the board is soooo busy isn't it - I can see lots of lovely new threads but I just haven't had time to read them or pop in and say hi yet.

    I set myself what I thought was a smallish task last week and that was to see what my stocks and shares looked like. What I wanted to know down to the last penny was
    • how much current holdings are they now worth v. what I paid
    • how much I have invested in my life in S&S's
    • how much profit I have made over the years with buying and selling
    Well, I thought this was going to be pretty easy as of course I keep a spreadsheet but to my dismay it's been really hard going as my tracking was not as good as I thought. So far I have spent several hours going through everything but I'm still not yet in a postion to answer all my questions though hopefully not too far off.

    Think it will be the weekend now when I next get a chance to look at it so hope to post an update then.

    Also just updated my 2009 position on the 2009 MFW thread whereby I plan to OP by £7000. I know I actually need to OP by £10,200 to stay on track for my MFW date but I've got plans ticking over in my little blonde head as to how I can achieve the difference.
    MFW Start Date 1.4.08. Updated 23.1.18. MFW date 1.8.18
    Original Mortgage o/s £187,643 / £71,904 (-115,739)
    Repay o/s £92,661 / now £55,900 (-36,761)
    Int Only o/s £94,982, now £16,004 (-78,978)
    Total daily interest £1 [a) £0.77 b)£0.23
    Total OP's:2018 target £TBC YTD £1,995
  • abouttimetoo
    abouttimetoo Posts: 1,860 Forumite
    Part of the Furniture Combo Breaker
    Hi all, just a quickie as I'm supposed to be working;)

    The drop in base rate is going to make such a difference for me (my mortgage is actually whatever base rate is) so I'm looking forward to spending time with my spreadsheet over the weekends to see how thing will look and how much I can increase my overpayment by

    The other was that in an earlier post I had said that I was going to let me BTL just move to SVR as this was both the easiest and cheapest option at the time. Happily I've just found out that my SVR will drop to 5% in following base rate cut so that means monthly repayments will be cheaper than I was actually paying on official BTL deal :D
    MFW Start Date 1.4.08. Updated 23.1.18. MFW date 1.8.18
    Original Mortgage o/s £187,643 / £71,904 (-115,739)
    Repay o/s £92,661 / now £55,900 (-36,761)
    Int Only o/s £94,982, now £16,004 (-78,978)
    Total daily interest £1 [a) £0.77 b)£0.23
    Total OP's:2018 target £TBC YTD £1,995
  • SmlSave
    SmlSave Posts: 4,911 Forumite
    Part of the Furniture Combo Breaker
    I'm glad the drop in the base rate helps you out. Have fun with your spreadsheets!
    Currently studying for a Diploma - wish me luck :)

    Phase 1 - Emergency Fund - Complete :j
    Phase 2 - £20,000 Mortgage Fund - Underway
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