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Mortgage free wannabe part 2
Hi, it’s been ages since I posted and I was very lucky to pay off my mortgage before covid. my house was 25 years old and needed a lot spending on it to make it energy efficient and modernise it so we decided to move instead as we just couldn’t change certain things we didn’t like) Unfortunately this meant getting a…
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The "Mortgage-free in 2025-30" club!
Welcome to the thread for all those MFW's aiming to get MF during 2025-30. Come and chat to people working over the same timeframe as you, and then join the party in 2030 when we're all mortgage-free! :D If you'd like to be added to the members' list below, just post your details and I'll add you. Prod me if I don't - it's…
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Mortgage - Pay off or wait? Invest?
Hi all, New here, so please be kind! I'm useless with money and savings and looking around has my mind very confused to say the least. So many factors around ISA, Savings, Interest, Tax etc etc. So I'm playing dumb and hoping for some very simple answers. Long story short; My wife was diagnosed with cancer over 6 years…
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Mortgage overpayment
Hi all Can you makes sense of this for me coz numbers and I don’t go together. 😂 We are due to remortgage end of December. We will owe £290k. We have £50k savings so are going to pay that off so we need to now borrow £240k. I’ve been on a mortgage calculator and I can’t understand Why in 5 years time the balance we will…
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The Long and Winding Road
This seems like an appropriate thread title given the very long path we have to walk to get even close to mortgage free, but we're certainly thinking about it and have been taking note of small milestones already. Hopefully this thread will see our walk turn into a canter. Except with one significant and self inflicted…
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Climbing the Mortgage Mountain step by step
Hi All I've returned to MSE after several years away, I was previously here under a different user name. I have previously been mortgage free twice in my life and both times, just as things should have gotten easier, life threw me a curve ball! This most recent time my marriage suddenly imploded and so, at the grand old…
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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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Mortgage free wannabe - haven't bought our house yet!
We have owned houses before but moved location and are currently renting. We have had an offer accepted on a property and I'm trying to decide on a mortgage term that will help us in our quest to be mortgage free (ideally before my oldest child starts university in 9 years time). We are borrowing quite a bit less than the…
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MF by Christmas 2024 - let's do this!
Hi everyone, I’m taking the plunge and starting a MF diary as DH and I
want rid of the millstone around our necks. We both work full time and are currently supporting DS2 who
is in year 2 at uni. DD finished uni in the Summer and has a temp job so we aren’t
charging her rent atm. DS1 lives with his GF so they are…
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Aiming to be mortgage free before I am 62!
It feels very bizarre to be starting a mortgage free wannabe diary! I (and we when I was part of a we!) have always been a bit of a on off rollercoaster between paying off debt and creating more debt! I can’t really put much of a potted history of my finances together as I don’t really know how things built so much or how…
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Mortgage Free: The final countdown
Hello - Just signed up to Julicorn's MFW OP thread, but I felt I wanted to create a diary for this aspect of my financial life. Sorry for the thread title - @FootyFanDan and I were having some music banter over at the DFW diary's and I just thought it was a great idea for a thread title (pun included) Situation: As of the…
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A Better View 🌄
Hello Forumites 😊 here I am again with a new diary for the new chapter we're embarking upon. For those who haven't met me before, here's a quick summary of our journey so far: * I joined the forum 11 years ago. Mr F and I had bought our first house together 9 years earlier and life was very full on. We decided to pay off…
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I'll health and perspectives
Hi all I've wanted to pay off the house for a long time and we have been working towards paying odd our credit cards which will be done by September October time. After that we did have plan to go on a city break which I think still is the plan.. In the last week I gave had a heart attack and it's really put things in…
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MFW: Next step towards total freedom!
I've been a long time lurker and finally decided to start my own diary. My current repayment mortgage of £106,895 was taken out in December 2010 over 25 years at 3.54% (2 year tracker). [EDIT/SPOILER ALERT: This later grew to £169,000 in December 2012 with a new 25 year term due to unexpectedly moving house!]. I became…
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Roll on October 2025!
Thought I would start my own thread! * Mortgage taken out c.10 years ago for £95,000 * Have had several rate changes in that time * Now on a 1.4% fix through until October 25, with currently 9 years left on the overall mortgage term * Have overpaid a lot pre 1.4% deal and since savings rates went above this, overpayments…
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Pay off mortgage now or wait??
Hi all Due to an inheritance we are in a position where we could pay off our mortgage and I am looking for advice and thoughts as to whether we should do that or wait until our fixed term ends. I will try to provide as much information as I can: Amount outstanding on Mortgage - £73,912.01 (approx £640/month) Rate - 3.5%…
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Mortgage free mayhem
Hi everyone! Really excited to track my mortgage-free journey at 52. Before becoming a uni lecturer this year, I've worked in charities my whole life. I've got a pension of £60K, an easy-access savings pot of £3000, and a mortgage of £84206. I want to see how quickly I can pay off the mortgage with my new higher income.…
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Overpay or Save
Afternoon all. I am looking for some mortgage advice. We moved into a new property end of last year and have been funneling extra money into it since and have so far managed to pay 14% of the overall debt. We are paying double the required monthly fee. My question is, is this the best option for our money. Our remaining…
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Lolu's Mortgage Free odyssey
Hello guys and welcome to my mortgage-free wannabe diary! I wanted to start one of these ever since my offer was accepted on a lovely two-bed property in Kent but I thought maybe it was slightly too early. I've always been fiercely independent and want to finally move out of my parents' house where I was paying…
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Beware Mickey Mouse Mortgages from Lloyds Bank
Anyone trying to overpay a mortgage from Lloyds Bank should check every mortgage payment from day one carefully. We have had a roller coaster ride, including our mortgage term unilaterally increasing by 5 years, within a 3 month period, that resulted in 13 years of mortgage under payments. This is not noticeable unless you…
