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MF Motovation
What is your biggest motivation for being Mortgage Free? I’m returning after a long gap and want to start gathering some opinions to see if it can reignite an old dream ❤️
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Paying off shared ownership, is this a good method?
Hi all, Hoping for any ideas or suggestions please in case I might be making any silly mistakes at all. Basic details: 50% shared ownership house Mortgage currently on 50% is £24k left at 1.49% until February 2027 (5 year fix) Rent on other half is currently £227 a month (includes building insurance) I can buy the freehold…
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I have a spreadsheet and I have a plan!
Starting a mortgage free diary seemed utterly impossible 12
months ago. I was a broke single parent in a houseful of teens and animals,
with too much month and too little salary. A very bittersweet inheritance paid off my £30,000 debit and
for the first time in my life I have savings accounts actually earning
interest. And…
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Help me become mortgage free before I turn 50
Hi, Any useful tips?? We are both 29 years old. I have a current mortgage outstanding of £220,000 on a house valued at £294,995. I have a 35 year mortgage fixed at 4.37% for 5 years. Just started this home journey.
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SLLM (Single Lady Large Mortgage)
Hello all SLLM - single ladies with large mortgages or single ladies who have previously had large mortgages or single laddies in the process of getting a large mortgage! So if you are a lady and own your own house then yes this is for you. Yes I could not resist it any longer. Ladies large mortgage is a loose term so if…
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The Case of the Overwhelming Mortgage
I’ve lurked for a long time. I have no-one in real life I can discuss these issues with and thought it might be helpful to get it out of my head and on to paper. I am mid 40s, married, with two pre-teen children. We moved in 2017, with a 20 year mortgage of £140,000 and interest of £10 per day. We now have a mortgage of…
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My mortgage clobbering post
Putting this here because I'm an enthusiastic mortgage over payer and I have no one in real life to tell! Single parent for 15 years, left in £35,000 of debt by ex husband. (Paid off over 6 years). No maintenance paid in 15 years. Unable to pay capital for many years as I had to use the old endowment policy to pay off my…
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Prosperous & Creative Soul & MFW Year 3
Two years ago I finalised my divorce and completed on my biggest ever mortgage - £202K and switched from interest only between 2 of us to repayment on my own. I took the term for as long as I could - so 22 years - which means I would be 73.5 by the time I was actually free. I've used my post from 2 years ago as a prompt…
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Mortgage Free in Three
After +15 years of lurking on the site l have finally decided to create a MFW diary of my own. A brief-ish history 2009 took out current mortgage a tracker with FD, +0.79% base rate, allows fee free unlimited overpayments, and crucially, withdrawals upto the original amount borrowed. Thanks to your inspiration, super low…
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Countdown to Freedom
A new diary as we enter the last two months of 2011. I have been lurking for almost a year and have found so many of you inspirational, particularly Billy, Michelle, Radish, and Museum Worker. A bit of background I am married to a great man, two kids who are growing up too quickly, two cats and a dog! Never a dull moment…
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Viking's Diary
So I'm a recent convert to MSE, oddly directed here by my FIL's love of the Martin Lewis Money Show. We're trying to move house right now to a place closer to work, which will actually involve picking up a much bigger mortgage, but having lurked for a few weeks I finally worked out yesterday that our current mortgage is…
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FIREside Chats
We all know MFW is great, a friendly meeting place for folk who are all very different but a little bit similar, in that they're trying to provide stability for them and theirs by achieving something that is pretty hard work <3 I'm not sure if it's the demographics of the board, but I've noticed a lot more posts in the…
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Mortgage free or buy bigger
Hello, Looking for some thoughts on my dilemma. My husband and I are being gifted some money. This money would pay off our mortgage on the house we currently live in. We had planned to move to a bigger house in the future - maybe 2 years time (house is a 3 person - 2 bed bungalow with 2 adults and 2 children (Girls)).…
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Daring to Dream: Mortgage Free by 63
Hello and welcome to my new thread. I'm graduating myself from the Debt Free Diaries board, where I have been on and off since 2017. I am about to embark on the next stage in my building wealth journey - becoming mortgage free! I successfully paid off all my debt back in 2019 and, having taken a hiatus from MSE, returned a…
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Mortgage Payoff
Hi, looking advice on paying off remaining mortgage. My mortgage which was on a 7 year deal at 1.99% is due for renewal shortly but an estimated £18K remaining and my queries relate to the following: 1. Plan to discuss renewal with the lender but does anyone know in advance the shortest term available for a mortgage and if…
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Bricks Not Books
The first day of a New Year seems like the best time to start this diary! I was on this board under another name for a number of years, but I felt like a change of name as well as a change of diary, so here I am! Completed on new home with OH in December, we haven't even owned it for a month yet. But we have a mortgage of…
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MF to achieve our Devon Dream
Hi everyone! Starting this MF diary determined to keep up the habit. Am a longtime lurker on the Forum and read many diaries and really enjoy reading about people's lives, especially on the MFW board. I've only ever posted a couple of times, I'm more of a lurker on SM, but for some reason now I feel compelled to document…
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Mortgage free by '33
The year, not the age! This is my first mortgage and it's been a year since I took it out. I've never really liked the prospect of being in debt but what with house prices being what they are, didn't have much choice if I wanted my own place. Last year after about a year of looking I exchanged on my first property: a one…
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Mortgage gone by 2030
Hi This is my first post where I have decided to try and reach my goal of being mortgage free, a lot sooner than I originally thought. In spring this year I started to make some regular monthly overpayments to the mortgage. I think this will be a good place to track my progress. Total mortgage borrowed: £110,475 Current…
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JJs Mortgage Free Journey
Hi All, thanks for having me and welcome to my new diary. I wanted to start this diary to really try and keep myself on track to get Mortgage Free by 45. It's a big aim for me and our family and I want to be much more strategic about how I do this. We are currently in the very fortunate position that I can comfortably…