Climbing the Mortgage Mountain step by step

edited 20 October 2021 at 2:39PM in Mortgage-Free Wannabe
176 replies 6.5K views
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  • Hi All
    I have finally been able to set up my signature, think it must be a delayed thing to prevent spamming, I'm really excited as it means I can start recording my over-payments from tomorrow (Payday)!
    Had a busy but chilled weekend.  Dentist and Opticians for me and DD, suspended my £9 pm contact lens scheme as I have a backlog of lenses at home, got a refund of £18 for the last two months, will all help towards the cost of new glasses for us both, plus the contact lens scheme gave me 50% off the new pair.  Brightened up my kitchen with tile stickers which I bought off of someone on Facebook for £15, they look great.  I'm so impressed that I want some now for the bathroom, I'm gradually updating that too, bought brand new under sink cupboard and matching drawers, again from Facebook for £10 a few weeks ago.  I sorted out my wardrobe, definitely don't need anything for the foreseeable future and found a few things to sell on Facebook.
    Minimal grocery spend, been using up stocks over the weekend, chicken flatbreads, carrot koftas and a yummy curry with all the trimmings.  Popped a chicken stew in the slow cooker this morning, should feed us tonight and tomorrow.
    Plan this week, list Facebook items, sort life insurance for OH and check what Xmas presents we still need to get.
    Have a great day
    MvTMM
    Current Mortgage (Nov 20- NOV 39) £130,999 (Interest only) NOW £117,423
    Over payments 2020 £750/£750 (Mortgage payments only start Dec 2020)
    Over payments 2021 £9,000 /£9,000
    Over payments 2022 £3,750/£9,000
    All Credit Cards cleared 
    Loan £7224, £237pm clearing Dec 2024 but aiming to repay by Dec 2023
    Savings (not including 'pots') £6515 (plus £150 CT Rebate once received), aim to be debt neutral by June 2022
  • caelercaeler Forumite
    2.6K Posts
    Part of the Furniture 1,000 Posts Mortgage-free Glee! Photogenic
    ✭✭✭✭
    Good luck on your mortgage free journey! 
    Mortgage started on 17 December 2012 at £169,000 with a 25 year term finishing in 2037
    Mortgage Repaid on 20 April 2021
    Click here to visit my Mortgage Free Wannabe Diary
  • Hi All
    Caeler - thank you, I'm only at the start but then climbing Everest starts with one step!

    Had a good couple of days, minimal spending.  Finished off the chicken stew last night.  A friend has given us a large fresh trout so that will be dinner tonight, cooked En Papillote with lemon, butter and some tarragon.  Another friend is getting me 5kg of good quality fresh chicken breasts for £17.50 so that will top the freezer up.  We have a glut of carrots again so I may make some more of my koftas and a banana and blueberry cake for the weekend to use up some of our frozen bananas and berries.

    My first over payment of £750 has been placed in my savings account as my online mortgage access isn't set up yet, I'm still waiting for some access codes, as soon as it is I will transfer it across.  I have a day off tomorrow so will pay a visit to the bank as we have some coins to change up which will then be Christmas money for the kids, I still need to check what physical presents we need to buy.

    OH has transferred all of his borrowing on to 0% which is great, he can finally start really paying it down now.  Still have to arrange his life insurance.

    Have a good day

    MvTMM

    Current Mortgage (Nov 20- NOV 39) £130,999 (Interest only) NOW £117,423
    Over payments 2020 £750/£750 (Mortgage payments only start Dec 2020)
    Over payments 2021 £9,000 /£9,000
    Over payments 2022 £3,750/£9,000
    All Credit Cards cleared 
    Loan £7224, £237pm clearing Dec 2024 but aiming to repay by Dec 2023
    Savings (not including 'pots') £6515 (plus £150 CT Rebate once received), aim to be debt neutral by June 2022
  • Hi Everyone

    Hope you've all had a good weekend.  I did some cooking to use up some bits and pieces, a nice mushroom, watercress and stilton flan, banana and blueberry muffins and a lovely big roast dinner chicken dinner last night, we've got bubble and squeak with the leftovers tonight.  We got the tree out of the loft and put up all of the Christmas decorations, still not really feeling it though!  

    I still haven't received the login details for my mortgage account so the first over-payment is sat in my savings account, really frustrating as I am so excited to get properly started on this journey.  Have had quotes for OH life insurance, managed to shave £10pm off of the Aviva quote by shopping around.  

    Have a good evening

    MvTMM
    Current Mortgage (Nov 20- NOV 39) £130,999 (Interest only) NOW £117,423
    Over payments 2020 £750/£750 (Mortgage payments only start Dec 2020)
    Over payments 2021 £9,000 /£9,000
    Over payments 2022 £3,750/£9,000
    All Credit Cards cleared 
    Loan £7224, £237pm clearing Dec 2024 but aiming to repay by Dec 2023
    Savings (not including 'pots') £6515 (plus £150 CT Rebate once received), aim to be debt neutral by June 2022
  • longway2golongway2go Forumite
    986 Posts
    Part of the Furniture 500 Posts Name Dropper
    ✭✭✭
    Good luck  :)
    Mortgage Aug 2019 161,000 :eek::eek::eek:
    Nov 2019 156,500:T Jan 2020 153,122:T, Apr 2020 149,500, Apr2021 139, 675, Oct 2021 136,823, Dec 2021 136,120🙂
    EF 0/12,000 (0%)😕 (5062.44 was ERC)

    Aim for 135,062 by Jan 2022 for 3 year challenge - 1058 to go

    Our Mortgage is never going to be as high as it is today. :j
    Onwards and downwards to a better life for our family. :j
    Just keep swimming
  • savingholmessavingholmes Forumite
    19.2K Posts
    Part of the Furniture 10,000 Posts Name Dropper Photogenic
    ✭✭✭✭✭
    Good luck on your journey. We have an interest only mortgage that we need to clear within the next 10-11 years. Ours is £144K. I've got to finish getting past our CC debt first. 
    Target 1) Clear CC debt - SUCCESS 13/4/22 Target 2) Lose weight & get fit 3) Write regularly 3811342714/70000 words Book 2 4) Develop passive income streams 5) Get to £3K EF 6) Declutter 7) MFW starting at £201999 Nov 21 with 264 259 payments to go. Now £198800. 8) Mortgage neutral progress (via private pension starting value c£3643 Nov 21) extra payments £312 including tax relief
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