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  • FIRST POST
    • Jaffa cake
    • By Jaffa cake 28th Nov 17, 8:29 PM
    • 93Posts
    • 48Thanks
    Jaffa cake
    Mortgage free as of 2 days ago.
    • #1
    • 28th Nov 17, 8:29 PM
    Mortgage free as of 2 days ago. 28th Nov 17 at 8:29 PM
    Well of 2 days ago, we are officially M.F.

    Done


    We took a 5 year mortgage from Nationwide, with unlimited over-payments.
    The standard monthly payback was around £750 a month.

    But with us both full time working, we were normally paying back more than £2000 a month.
    Some months even more than £3000.
    All our spare money in fact went to the Nationwide.

    We hammered it, and it was worth it.
    We took it out in January 2015, so took 2 years 10 month.

    It was difficult, but it's done now.
Page 1
    • Escapar2020
    • By Escapar2020 28th Nov 17, 8:33 PM
    • 54 Posts
    • 105 Thanks
    Escapar2020
    • #2
    • 28th Nov 17, 8:33 PM
    • #2
    • 28th Nov 17, 8:33 PM
    Congratulations!

    What have you got planned now you're free?
    Mortgage 01/01/17: £42,898___ 01/12/17: £31,804
    Scheduled end: July 2028_______Planned MF day: Sept 2020
    • alright dave
    • By alright dave 28th Nov 17, 10:47 PM
    • 156 Posts
    • 126 Thanks
    alright dave
    • #3
    • 28th Nov 17, 10:47 PM
    • #3
    • 28th Nov 17, 10:47 PM
    Well of 2 days ago, we are officially M.F.

    Done


    We took a 5 year mortgage from Nationwide, with unlimited over-payments.
    The standard monthly payback was around £750 a month.

    But with us both full time working, we were normally paying back more than £2000 a month.
    Some months even more than £3000.
    All our spare money in fact went to the Nationwide.

    We hammered it, and it was worth it.
    We took it out in January 2015, so took 2 years 10 month.

    It was difficult, but it's done now.
    Originally posted by Jaffa cake

    Congrats, I bet it's a great feeling. What do you plan to do with the spare cash?
    • BISCUIT1
    • By BISCUIT1 29th Nov 17, 8:53 AM
    • 46 Posts
    • 63 Thanks
    BISCUIT1
    • #4
    • 29th Nov 17, 8:53 AM
    • #4
    • 29th Nov 17, 8:53 AM
    WOW that is amazing! Well done x
    • mumof3.12kindebt
    • By mumof3.12kindebt 29th Nov 17, 10:14 AM
    • 146 Posts
    • 295 Thanks
    mumof3.12kindebt
    • #5
    • 29th Nov 17, 10:14 AM
    • #5
    • 29th Nov 17, 10:14 AM
    Amazing. !

    Now you can live everyday knowing you will forever have a roof over your head. (providing you don't get into Debts you can't afford xx

    Good luck ans best wishes on your new mf life x
    • FrugalinShropshire
    • By FrugalinShropshire 29th Nov 17, 10:21 AM
    • 197 Posts
    • 1,763 Thanks
    FrugalinShropshire
    • #6
    • 29th Nov 17, 10:21 AM
    • #6
    • 29th Nov 17, 10:21 AM
    Well done! We did similar and worked really hard to use every spare penny to pay off mortgage. It is an amazing feeling!!!!
    Proud to be mortgage and debt free
    • WorldTraveller
    • By WorldTraveller 29th Nov 17, 12:09 PM
    • 19 Posts
    • 29 Thanks
    WorldTraveller
    • #7
    • 29th Nov 17, 12:09 PM
    • #7
    • 29th Nov 17, 12:09 PM
    Well done! We paid ours off a couple of weeks ago, took us 10 years out of the 25 year term, made massive overpayments. Now deciding where to put our future savings, plus we'll be having more holidays every year!
    • Jaffa cake
    • By Jaffa cake 29th Nov 17, 3:26 PM
    • 93 Posts
    • 48 Thanks
    Jaffa cake
    • #8
    • 29th Nov 17, 3:26 PM
    • #8
    • 29th Nov 17, 3:26 PM
    Thank you to all.

    Hard work, but certainly worth it.

    Knowing we always have some where to live.

    JC
    • doingitanyway
    • By doingitanyway 29th Nov 17, 3:56 PM
    • 2,190 Posts
    • 10,162 Thanks
    doingitanyway
    • #9
    • 29th Nov 17, 3:56 PM
    • #9
    • 29th Nov 17, 3:56 PM
    Well done Jaffa Cake. I am MF too as of this Summer. I still have £3,500 of debt to pay but yes it is a great feeling. i can stop worrying I might lose the house and end up as a homeless bag lady
    JANUARY 2016/SECURED DEBT=24,822/November 2017=3,500
    MORTGAGE FREE 25/07/16
    • kcam
    • By kcam 29th Nov 17, 4:59 PM
    • 7 Posts
    • 1 Thanks
    kcam
    Well done, we are just waiting for early redemption fees to end next Spring and then will also pay off mortgage...fantastic feeling.
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