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  • FIRST POST
    • Frugal Financial Freedom
    • By Frugal Financial Freedom 6th Jul 18, 10:01 AM
    • 20Posts
    • 31Thanks
    Frugal Financial Freedom
    A northerner's MFW diary
    • #1
    • 6th Jul 18, 10:01 AM
    A northerner's MFW diary 6th Jul 18 at 10:01 AM
    I got my first ever mortgage at the end of May and made my first overpayment today by phone.

    Hoping to chuck around £200 a month extra at it during the good times (I'm self employed so income can be variable) and then chip away with smaller amounts during more lean times, but I've got the ball rolling and it feels great.

    Reading other people's diaries on here is really helpful in reminding me that consistency is key in getting the debt down. Little by little over time creates excellent results.

    I've no other debt, so keen to cut into this as quickly as possible and become MF!

    So, after the latest payment that, my mortgage is now: £ 227,682.68 from £229,454.00 fewer than two months ago. Tally ho!

    happy friday all
    Last edited by Frugal Financial Freedom; 06-07-2018 at 10:03 AM.
Page 1
    • Tropically
    • By Tropically 6th Jul 18, 11:22 AM
    • 306 Posts
    • 1,053 Thanks
    Tropically
    • #2
    • 6th Jul 18, 11:22 AM
    • #2
    • 6th Jul 18, 11:22 AM
    Well done! Making your first OP so close to start of your mortgage is excellent!
    Mortgage started at £318,000 in June 2016. Original MF - 2041
    2017 OPs: £7000/£7000
    Mortgage in Nov 2017 - £297,808
    • greent
    • By greent 6th Jul 18, 11:47 AM
    • 7,354 Posts
    • 74,539 Thanks
    greent
    • #3
    • 6th Jul 18, 11:47 AM
    • #3
    • 6th Jul 18, 11:47 AM
    Great start!
    I am the master of my fate; I am the captain of my soul
    Repaid mtge early (orig 11/25) 01/09 £124616 01/10 £104927 01/11 £89873 01/12 £76317 01/13 £52546 01/14 £35356 01/15 £12133 07/15 £NIL
    BTL Mtge 12/16 £69786. 2018 OPs (#18) £6100/£7500
    Net sales 2018 £655.15/£1000 PAYDOX18 (#15) Done £18918.90
    • NorthernPeach
    • By NorthernPeach 6th Jul 18, 12:00 PM
    • 54 Posts
    • 144 Thanks
    NorthernPeach
    • #4
    • 6th Jul 18, 12:00 PM
    • #4
    • 6th Jul 18, 12:00 PM
    Welcome, excellent start so far! It's hard not to find inspiration on the MFW board!
    OP's 2018 = £487.84 / £1000 Emergency fund = £468.92 / £1000
    Target 1: £1037.00 / £2471.97 Pay off first 10k of mortgage!
    1% challenge No 65
    • Youthgonewild
    • By Youthgonewild 6th Jul 18, 12:57 PM
    • 72 Posts
    • 123 Thanks
    Youthgonewild
    • #5
    • 6th Jul 18, 12:57 PM
    • #5
    • 6th Jul 18, 12:57 PM
    Welcome aboard! Happy new diary
    Mortgage balance October 2015: £99875
    Mortgage balance November 2017: £97583

    Mortgage balance July 2018: £94217
    Mortgage balance August 2018: £93472.10
    Mortgage balance September 2018: £91825.09
    • beanielou
    • By beanielou 8th Jul 18, 9:54 PM
    • 56,839 Posts
    • 231,474 Thanks
    beanielou
    • #6
    • 8th Jul 18, 9:54 PM
    • #6
    • 8th Jul 18, 9:54 PM
    Great start
    Lou~ Debt free Wanabe No 55 DF 03/03/14.
    **Credit card debt free 30/06/10~** **Weight loss 2 stone 11 lbs **

    "A large income is the best recipe for happiness I ever heard of" Jane Austen in Mansfield Park.
    ***Fall down seven times,stand up eight*** ~~Japanese proverb.
    It starts with you, it starts from now. *** It is ok to be me.***
    ***Keep plodding***
    Out of debt, out of danger. MFW 2018. No 144
    • julicorn
    • By julicorn 8th Jul 18, 9:59 PM
    • 288 Posts
    • 1,161 Thanks
    julicorn
    • #7
    • 8th Jul 18, 9:59 PM
    • #7
    • 8th Jul 18, 9:59 PM
    Awesome start, and welcome!
    Original mortgage: December 2017, £203,495
    MFW start: April 2018, £201,800
    Current: £191,400
    • Frugal Financial Freedom
    • By Frugal Financial Freedom 11th Jul 18, 12:10 PM
    • 20 Posts
    • 31 Thanks
    Frugal Financial Freedom
    • #8
    • 11th Jul 18, 12:10 PM
    • #8
    • 11th Jul 18, 12:10 PM
    thanks for the warm welcome everyone!
    Mortgage as of 31/05/2018: £229,454.00
    • Frugal Financial Freedom
    • By Frugal Financial Freedom 23rd Aug 18, 2:08 PM
    • 20 Posts
    • 31 Thanks
    Frugal Financial Freedom
    • #9
    • 23rd Aug 18, 2:08 PM
    • #9
    • 23rd Aug 18, 2:08 PM
    Another £200 paid on top of mortgage payments, and I'm planning on giving up drinking for good from September so that should hopefully = plenty more money to put towards it!
    Mortgage as of 31/05/2018: £229,454.00
    • Frugal Financial Freedom
    • By Frugal Financial Freedom 12th Sep 18, 8:51 AM
    • 20 Posts
    • 31 Thanks
    Frugal Financial Freedom
    That's my £200 paid off this month. Really happy how consistent I've been with it. If I can pay off an extra £2,400 a year, that will be amazing. It'll get me MF five years earlier than not doing it!

    Reading around on here is helping keep the motivation up too!

    Now down to £226,139.48
    Mortgage as of 31/05/2018: £229,454.00
    • the cross rabbit
    • By the cross rabbit 12th Sep 18, 10:54 AM
    • 63 Posts
    • 273 Thanks
    the cross rabbit
    Well done on another £200
    Mortgage £82,000, due to end July 2036. OP by £50 a month,due to finish Dec 2034 still
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