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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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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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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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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…
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Kimplus8 needs her mortgage free date!
New thread to begin my mortgage free journey. I started my mse journey almost a decade ago on the debt free board feeling like I had a mountain to climb. Here I am debt free except for a mortgage, determined more than ever to have a mortgage free home for me and the kiddos. I can wait to buckle up for the ride x
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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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Should I pay off my mortgage? Discussion area
This thread is specifically to discuss the content of the Should I pay off my mortgage article To discuss or ask a question about the article: click reply
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Manifesting Money Magnet
Well, hello there, 👋 Be diary, new me! ✨✨✨✨✨✨✨ I'm starting a thread on the mortgage fee wannabe section because that's one of the things I really really really want to be! I have been a member of the forum for over 10 years, rather on and off mind, but had to change everything when I was found out. So I'm back new times…
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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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Z's MFW journey
As I've been watching the MFW forum for a while, I thought it would be good to start my own thread. We bought our current house in summer 2022 and owe £126,000 on the mortgage. Hoping to pay this off before 2028 as we'll be 40 then. We're on a 2 year fixed deal until Sept 2024 at 2.64% on a 30 year term. Obviously a bit of…
