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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…
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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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MF Date 2037 - MOP it up by 2030?!?
Hello my fellow MFWers. I've decided to start a new thread now that I am debt free (4th June 2025) - yippeeeeee! I took out my mortgage in 2021 for 16 years and I'd absolutely love to get it paid by 2030 but we've recently been told that our tiny team in work is being transferred to another department and our job is very…
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New Mortgage, New Marriage, New Allotment - Oh My!
Hi Everyone, I thought it was time for a fresh diary considering how much has changed since I started the last one. I bought my first home back in October 2016 and with the help of MSE was able to pay off around 88k of my mortgage over the 5 year term. Sadly my OH was diagnosed with colon/liver cancer early on in the…
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Final Payment - Natwest
Hi, on the 2nd of Jan I went into Santander and did a transfer for 70k to Natwest which was the final amount due. The payment went through fine. Come a few days later the 70k hasn't been allocated to my mortgage account and I'm getting nervous. I have rang Natwest twice, once the person on the end of the phone said he…
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So now what?
We cleared debt of £ 64,346.53. We cleared a mortgage of £118k. So now what? We need to get saving and making the most of our money. Half of us is retired. The other isn’t working but may well have to (and possibly wants to) return to work in two years time. I find posting here keeps me super focussed so I am going to be…
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Clear credit card or overpay mortgage?
Hi all Im in need of some help with a dilemma and would appreciate any advice on my quest to pay off the mortgage within the next 10 yrs. Credit card balance £5500. Paying £250pcm and it’s 0% interest until 2027. Mortgage left of £105,000. Current fixed 2.60% runs out 2027 and we then hope to agree a 9yr deal which would…
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Overpaying mortgage not reducing interest
HSBC say they calculate their mortgage interest daily. I overpay my mortgage by 1k every month (annually less then 10% of capital borrowed so no fee). Despite reducing the capital owed every month my interest doesnt reduce in the long run it seems to go up or down by about ten pounds overall stays the same. Am I missing…
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New life, same goal! Pursey’s quest to be mortgage free.
I started a diary back in 2011 with the aim of being mortgage free within 10 years; a goal I would’ve smashed (within 7), if we hadn’t bought our dream house in the hills. Life has changed so much since 2011, most significantly because we are now blessed with 3 wonderful children. Then we found somewhere perfect to live,…
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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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New year, new goal
Starting a new diary as I didn’t update the old one for a while and it was closed. We had a pretty large mortgage of 395k taken out 7 years ago and I set myself the goal to be mortgage free by 50! My old thread had that title. Anyways to recap - we’ve been diligently chipping away at that and I’m pleased to say that today…
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2025 Mortgage-Free Wannabes
MFW 2025 - The annual challenge for everyone who would like to track their mortgage overpayments, mortgage payments, or even house-related savings. Feel free to join any time throughout the year. A very warm welcome to the Mortgage Free Wannabe 2025 thread! <3 Over the last few years, this challenge has been providing…
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10 years to clear £334K - our FIRE journey
We bought our house late 2014 and have been (very) gradually doing it up. So far we have replaced the roof, oil tank and boiler and completely refurbished the study, living room and one bedroom. We have three bedrooms, bathroom, kitchen and utility still to go. We recently re-mortgaged and have released some equity to do…
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Frugally paying the mortgage down
Hello! I’ve decided to start my own thread here to keep myself accountable re: trying to reduce our mortgage. I read somebody’s daily interest calcs on their diary recently (sorry I can’t remember who!) and ours is at £15.03 a day - I can’t stand the thought of all that interest going towards the funding of arms and…
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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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Free by 60?
Not been around for a looooong time! I was a DFW a number of years ago and pleased to say I am debt free now apart from my mortgage! I would love to pay off as much as possible over the next 3.5 years so that at 60 I can take my NHS pension and pay what is left and semi retire. My mortgage currently stands at 144k on a…
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Mortgage free
I have been a lurker on here for years rather than a poster but as I can't tell anyone in real life I am going to shout it out where someone can hear me As of approx 30 mins ago we are mortgage free - made an online banking transfer equal to the amount outstanding this morning. My 2.79% fix ended last month and I don't…
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Keeping our options open
Hi Everyone, I've debated setting up my own MFW diary for a while and I've finally decided to go for it (hopefully the children will stay asleep long enough for me to write my first post!). We took our £200k mortgage out nearly 5 years ago on a 25 year term so that it would be paid off by the time my husband turns 60 and…
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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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julicorn's journey 3 - The House on the Hill
Hi all! Long time, no see, at least when it comes to the diaries (I still run the mortgage free challenges, of course). Where do I start? This is my third diary on here, the first talking about our initial mortgage pay off journey for Mr julicorn and my first flat (bought in 2017). If you have too much time on your hands,…
