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Apple muncher's number crunching
Time for me to start a diary :j. I work 2 days a week, dd is at school and dh was made redundant in the summer. We are living carefully, although the redundancy money is being nibbled away at of course. We are fortunate to have no debts other than the mortgage, so I would like to get rid of it! We'd also like to have a…
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Follow the Yellow Brick Road 2023
New Year and new thread for 2023. I know what I need to do and where I need to go. Looked it up on the web and Follow the Yellow Brick Road means a course of action that a person takes believing that it will lead to good things. So here I go. More to follow on my journey to be mortgage free.
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I dunno if I'm a wannabee! Quite comfortable - what to do for the best, lump sum vs mortgage
I have a £600k home with £180k mortgage, and a £600k BTL with a £125K mortgage, and a lump sum of £150k. It may all just be down to personal preference, no 'best plan' as such - do I pay off as much BTL mortgage as I can, or just enjoy my lump sum. If I pay off the BTL, I'd get that money back when it sells anyway, it's…
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Mortgage Overpayment Advice Needed
Hello, I'm looking for some advice on overpayments. We have a large mortgage,
but over the course of the next year we will receive money we inherited that
will enable us to repay it completely. Probate and sale of assets mean
this will probably take 6-9 months. We will inherit a sizeable amount from cash assets very…
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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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our forever patch challenge
well, this week sees the new start to my mortgage free plans. After 18 months clearing debts, then paying for our wedding, which took most of our hard earned savings, we are at the beginning again. Due to restructure at work, OH is on a reduced monthly pay, so the savings are even more of a challenge! Our plan is over 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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The Unexpected Mortgage-Free Wannabe
The title of this diary may make no sense to you, so let me explain… I’ve lived in my current house on and off for the last 35 and a half years, since just before I turned two years old. My Dad passed in 2012 so I had been living here with my Mum and my eldest brother (DB1), up until August 2024. At the end of August, my…
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Beating Lifestyle Inflation and Staying Mortgage Free!
I can't find my old thread, and it wasn't really mine anyway as I had to change my username recently! My not very catchy title says it all :smile: I will be writing about how I keep our money and lifestyle on track. I'm rubbish at budgeting and we became mortgage free on our little house, and then later again on our…
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Light the fire...
Hi All :wave: After lurking for a few years and having been inspired by lots of the amazing stories on this board I have decided that its time to join in and post my (our) journey. I am a mum of two (DD is 8, DS is 3) and have been married to my lovely DH for 10 years. We moved into our current house 4 years ago. We paid…
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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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BookWorm's MFW Chapter
:wave: I’ve been lurking around these parts for a good while now with occasional posts here and there. However, after reaching what I consider to be a milestone with my mortgage (will come back to that shortly), I felt the time was right to start my own diary. I figured if I don’t now, I may never do so! It was after…
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One step at a time
2024 has been a big (and expensive) year. I got married! We also moved into our ‘forever home’. Weddings and moving house are so expensive, and I am now looking towards getting a hold on our finances in 2025. I have been on the MSE forum for years, and contributed to some threads particularly on the old style moneysaving…
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My Mortgage Free Mountain - A 7 year expedition to climb to the top
OH and I are in a
position where we will be able to repay the mortgage on our own home either at
the end of this year or in Jan 2023 thanks to an insurance claim we have been
waiting to pay out for several months. However we also have 3
BTL mortgages which need to be cleared and our big dream is to clear them all
before my…
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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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Quest for (mortgage) freedom
I'm a long-time reader of this forum, I find other peoples MFW diaries really interesting and inspiring. Now it's time to do a MFW diary of my own and hold myself to account. OH and I bought a house in February 2019. We've spent around a year making cosmetic improvements (lick of paint, new carpets etc) as well as some…
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Tm's MFW ramblings
Hello :) I've been overpaying but with no real consistency or effort put in to it, for a while now. After getting locoblade's spreadsheet I realised how much I could be saving, so I want to give this my attention. Ideally, I'd like to be MF twice by 42. I'm 29 this year (OH is 38 this year). I did once upon a time dream of…
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10 years to go .... maybe, with a fair wind
Hi, I've been lurking on here for years, but finally decided I should post a diary - more for my own sake than anyone else's!! So a little about me and my house ... I'm a 40 year old single mum with a lively 7 year old son. We live in a fairly ordinary terraced house on the edge of a large northern city, just a close walk…
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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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🌞 Happy Days in our Golden Years 🌞
Just over a year has passed since the final entry of my last
diary. A whole year of no debts and no
mortgage 😁 We
are semi-retired, using our private pensions to cover the cost of bread and
butter and running our own business part-time to put jam on it. You’d think I could do without a money saving
diary in those…
