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Should I overpay or save?
Not sure if this should be here or the general mortgages board?? Hi all, interested to know what you would do if you were me. Mortgage is £53400 left, current deal is 1.29% (£335pm) fixed until October 2026. There will be 14 years left in October. I could probably overpay between £100pm and £200pm. Would this make sense,…
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It won't happen overnight. But if I do nothing it won't happen at all. (MFW diary 5761)
Hello, I've been registered on the forum a while and posted a bit, but have struggled to keep up with it. However, I've joined the MFW 25 challenge and maybe starting a diary will help keep me accountable so here goes: Situation My mortgage is currently £114, 762 and I pay £531.50 a month. I am a solo homeowner working 40…
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What would you do?
Hi, not been here for a while, apologies, and also want to thank in advance all the replies and advice received. OK here goes, situation is this, i work for myself, have done for the past seven years, business is not too good, i average about £15K a year, the mortgage is £1011 per month on a tracker, I'm just entering in…
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Powers’s mortgage free thread
Hi everyone, I’ve been reading lots of MFW diaries and wanted to start my own, sorry it’s going to be long! background: met a nice man with a not so nice house that he still owned with his ex wife and was in negative equity. Eventually remortgaged it together in May 2017 with a mortgage of £68k. We’ve made some…
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Impossible challenge
Hello! Trying to keep motivation so decided to stop lurking in the shadows and start my own thread. Family of 4 (2 adults and 2 children) with a very large mortgage of now £470k over with just over 23 years left. 1.5 years into a 5 year fix (thankfully a cheap one). OH and I are fortunate to have well paying jobs but…
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I dream of a MF home for my plants
I’m starting myself a diary here after spending the last few days reading and lurking on the site. I used to have a diary over on debt free wannabe many years ago that was super helpful in getting my debt paid off. I can’t remember my old log in so am starting afresh. I have 12.5 years left on the mortgage - it’s split…
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This is it! 2027 is the goal...update
Hello I have been lurking around these boards for the past year, I have finally made the decision to start a diary to track the progress of my goal. I'm hoping that it will hold me accountable and perhaps inspire others along the way. As of May 2019 my mortgage balance was £118, 842 4 years into a 10 year fix over a 20…
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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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Saving, Living, and Ditching the Mortgage
Hey everyone! Long time lurker. At my lowest I was here reading the SLLM posts hoping one day I will have my own mortgage and staying strong letting money sit and grow. These days I have my own mortgage on a lovely flat in a lovely city, almost half way through my 5yr fix now. Want to tackle the mortgage but hardly have…
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Mortgage free in 4 years
Hi All, I have been reading these diaries for a while, I never really post anything, but it helps keep me to my journey as nobody in real life seems to be on the same path. When I tell people I am overpaying my mortgage they ask why? lol I took this mortgage in 2016 (£310k) and the interest just got lower and lower over…
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Trying to pay off my mortgage early but facing a dilemma
Hi all, I need to make a decision and would like to share some thoughts about my current situation and see your feedback please. Wife and I signed up for a 35years joint mortgage 5 years ago and like many we would like to be mortgage free well before that date. We are with HSBC and we have a 10 % overpayment allowance per…
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How do I prove the house is mine?
Apologies to everyone reading this if it comes across as a stupid question….. I paid off my mortgage in January 2025. All I have to "prove" this is a letter from HSBC saying that they'd received my last ever payment. Hooray!! 🎉🎉 A year on though, that's all I have. That letter. And all that basically says is, i've paid the…
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Shaving off the years at Sleepy Hollow
Finally after YEARS of talking about moving DH and I have done the big move. We've significantly increased our mortgage and started off on a 34 year term to give us some breathing space for a larger mortgage payment. We're aiming to reduce our term to 20 by making regular overpayments. Interested to read along and see what…
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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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There and back again...reducing the mortgage to manifest our forever home
Have been a long time lurker on MSE, and DP and I bought our first house together in March 2025 with a mortgage of £190,000. Had many plans for overpaying, what we wanted to get done however life has had other ideas so starting a diary for the first time to try and help me keep on track. We did manage to OP £3500 in 2025,…
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The Ongoing Saga of Ruby Trying to Own A Home
Hello, new home, new thread. If this is your first time here, welcome, I'm Ruby and together with my husband Mr Eskimo, we're on a journey to be mortgage free. We bought our first house in 2017 and made quite a big dent in the mortgage over that time, mostly due to some inheritance money and taking advantage of a very low…
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Making my house a home and my life my own
I am long overdue a new diary as I have just read the first line of my last one. I was married, in my previous house with a much larger mortgage. I hadn’t realised that this was still the same one. I will add all the financial bits and my plans over the coming days, but the title says it all really.
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I Want To Be Free!!
Good morning a little diary here to hold myself to account as we embark on a journey to savings and mortgage freedom. This is a 3yr plan for reasons that will become clearer :) So the biggie the mortgage.. We recently did the complete opposite when we remortgaged and borrowed an extra 7k and extended the term by another…
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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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finally can see some light
Hi everyone, Just thought Id post and see what people think. Last year I sold my house and bought a lovely bungalow and reduced my mortgage by around 100k. I previously fixed for 10 years at 2.79% which runs out in Sept. at the moment the mortgage has 11 yrs and 11 months to go and the repayments are £304 a month ( down…
