So before I can get into progress updates I need to lay out the starting position.

As at July 2009:

My Mortgage is £253k I have savings I can earmark towards to the mortgage of £40k, leaving a net debt of £213k

This excludes emergency fund savings and investments & pension savings.

I can overpay 10% per annum and my mortgage renewal is October 2011.

My first “target” is to aim to get my mortgage to £120k by its renewal date, this is so that the mortgage value is 3 times my single earnings.

This is a reduction of £93k over 27 months that means £3.4k per month needs to be paid off the capital.

Current Status:

N/A too early to update.

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