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Mortgage free with speed.
Hello anyone willing to read, I got my my first mortgage for £85k last year around may after buying my first flat which is a lease hold for another 95 years. 3.08% is my fixed rate until late 2027. The term is a 30 year mortgage with 28 years and 8 months to go. After making regular payments for a whole year I noticed it…
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Selling assets and porting the mortgage
Hello , so I currently own two properties one is with Santander valued at 8 8, 000 with 4 4, 000 left on the Mortgage. The Mortgage is at 4.2% and fixed for the next 4 1/2 years. Currently my daughter lives in the property and it’s on a consent to let. She will finish university in June at which point the house becomes…
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Repay Mortgage or Invest
I have a £46K mortgage presently paying £245 pm @ 1.69%. My mortgage fixed rate expires May 2026. I have an inheritance of £120 due. Should I repay my Mortgage or Invest @ 5.6 %
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Cottage Countdown
I stumbled upon this forum a while back and was so excited to read about other people's mortgage-free journeys. Strangely enough, I haven't been able to find a similar forum based in the US no matter how much I've searched. I'm not sure if that's a sad commentary on the state of affairs of my fellow Americans, but I…
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Detailed mortgage overpayment calculator
Hi all, I'm on a mission to reduce and ultimately pay off my mortgage and have been regularly overpaying the 10% for the last few years. I want to really go for it these next few years to try and get it paid off by the end of the 5 year fixed rate I have which will end July 2027 (just got in in time to get a decent rate…
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Mortgage for a boat
So i own a house but after the last year getting fed up with it any one know how easy it is to just sell your house and move and by one how would you get a mortgage if needed and could anyone recommend one if did got a solicitor using same one as did GD Property Solicitors for the sale just need some advice on the getting
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Mortgage paid :)
Hello, apologies in advance if this question has already been posted. I have recently paid off my mortgage. What do I need to do now? I have contacted the Land Registry for the deeds - which I need to pay for. But is this it? and do i need the deeds now? thank you Miguel
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The 'Mortgage Free in 2030' Club
Welcome to the thread for all those MFW's aiming to get MF in 2030. This is a place for us to chat to people working to be MF around the same time. We can help each other to celebrate each OP no matter how big or small and applaud each other as we become MF. If you want to be added to the members list just post your…
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The impossible dream
Hello everyone. I am new to the forum, but have been reading for several years. It has been a help and inspiration, but I have never felt the need to get involved until today. I have been financially aware for many years and now have set a goal which I know I cannot achieve. My aim is to be mortgage free within 2 years. It…
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Climbing hills
Right, here I am all raring to go. About to get my mortgage for our next house. Slowly moving up the ladder but I feel like I'm coming to this a bit later in life than some others - I'll be 40 next birthday and want to be MF by the time fifty hits. I didn't leave Uni until I was 25 and didn't buy my first property till I…
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Single Overpayment or Fixed Rate Savings First
Hi, I've come into some inheritance and plan to use it to reduce our mortgage, however I'm trying to work out the best time to do this and if I should put it into a savings account first. We're on a tracker mortgage (thanks to the mortgage adviser claiming they couldn't see interest rates continuing to rise in April) and…
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Mortgage option for paying off
I owe just over £4000 on my mortgage with minimum subscription of £311 I have been paying . £750 per month. If I got a 0% credit card will the Platform my allow me to pay it off with a credit card
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To pay off mortgage or save deposit for house
Hello I bought a small leasehold 5 years back. My mortgage ends in 2026 with current rate of 1.72% fixed. I just checked now its insane nearing 7%!!!! i'm actually a little scared about how much it will be when i come to remortgage. I'm wasnt looking to sell because rental yield is O.K but only because of such low rate. It…
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Prosperous soul, mortgage neutrality & creativity Year 2
A year ago I'd just got divorced and was about to take on my biggest mortgage ever at £202K over 22 years. I was terrified I wouldn't make it. I'd had a long history of repeated debt cycles the worst peaking at £70K at the end of 2016 which I'd got down to £1,479 in November 2021 but feared I'd never be free. Thanks to…
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Mortgage free… la belle vie!
Hello everyone, I love reading the diaries on here & the debt free wannabe boards and am in awe of the journeys undertaken and the sheer longevity of some of the diaries! I have decided that a diary might be a healthy outlet for my money and budgeting fixation - so I’m taking the leap! I turned 29 this month and would love…
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How much are your monthly outgoings?
Hello all, I'm looking to move into a new build and will have 20% morgage to pay. I've done a budget planner to see how much I'd spend per month and therefore what's left over to pump into paying off the mortgage. I am curious as to how much others spend monthly on average, I appreciate it will vary WILDLY from family to…
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Capital vs Interest pay off
Hi all, I'm hoping that someone might be able to explain the below, I'm sure it's correct at the banks end and it's just my inexperience that needs addressing. We bought our house in Dec 2020 for £220,000 with a £45,000 deposit - so we borrowed £175k from the bank. I've worked out that over the last three years we've…
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Documents
I achieved being mortgage free on my current house in February. The bank said that they'd be sending me some documents but it could take a while since there were a lot of people paying off their mortgages at that time. I feel like I should have had whatever they were going to send me by now. Does anyone know what they…
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Aiming to be mortgage free when I'm 40.
Hi all I want to start a diary even though we are going to over pay the same amount as much as possible.. We currently live in a 2 bed home which we have no plans to sell. We have scope to extend but won't until we have savings as I don't want to put it on credit. We bought our home for 83,500 with a mortgage of 75,150 and…
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Should we make overpayments?
Hi there, Our current Mortgage deal comes to an end soon and we have fixed it again until 30.01.2026, rather than going on a variable rate. We only have approx £48K left on this mortgage and want to get it finished really by around the end of March 2027. I know that we can make overpayments. Our interest per month is about…
