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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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Ten Year Countdown
I got my first mortgage in September, £162,000 over 20 years at 4.84%, fixed until April 2029. Ten years because....hubby reaches SPA then and I am hoping to be in a position to work less and spend some of his retirement with him. A lot can happen in ten years, it's likely that my dog will be no more :'( and I may have…
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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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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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That 25 year interest-only mortgage...
It's not seeming such a good idea over 21 years on! 21 years ago DH and I moved in together and rented out my old flat. Two kids later, one now a teenager, and DH retiring, we realise we forgot to pay it off .. and we'll have much less of a choice if we remortgage while he's retired. So we have a bit more than 3 years to…
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Mortgage overpayment
Hi all, I’m sure this has been asked many times, but I’ve searched the forum and can’t find anything. For about 10 months or so we’ve been overpaying on our mortgage to the tune of about double. I noticed the overpayment detail on my account recently and we’ve only been reducing the balance and keeping the term, as opposed…
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Download title deeds after update, is it immediate or do I have to wait?
Hi, Two days ago I repayed the mortgage and now I've received the alert of activity from the Land Registry. If I download the title today will it contain the removal of the charge or do I have to wait a few more days? The alert reads "activity", not "update".
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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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Settlement before or after the last installment?
Hi, I'll close the mortgage on the 24th of June with a final overpayment. I have the feeling that the settlement preview that I'm seeing isn't taking the last installment into account. Is it better to ask it after the last installment? Thanks
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Interest and extending term of mortgage
Please can somebody help with a something I am struggling to
get my head around?! I am due to remortgage at the beginning of 2026. I'm currently
considering a 2 year fix. My current mortgage has a low rate of 1.33% and has a term of 13
years left to run (and I have about £190,000 left to pay). I have also been saving funds…
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Don't want to do this job for ever
So I am a couple of months into having my mortgage now and on the whole really like my house and realistically wouldn't need to move for many many years. I don't enjoy my job however and at the age of 35 don't want to be doing it for the rest of my working life. So the plan is to pay off this house whilst still having a…
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Snug & Sorted: Our Race to Mortgage Freedom
Hello - welcome to my shiny new diary! I've refreshed this first post as of March 2025. Timeline so far: * First home in 2017, paid down mortgage from 228k 169k, thanks to the lovely support from people here and keeping up with a diary * Moved into forever home early 2024, mortgage now £295k!!!! * Lost any momentum over…
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Courgette's Go Big or Go Home Diary
Hello my friends! Soooooooooo, there I was last week just chatting to my sister and she mentioned that her and her husband are currently paying £1400 a month on their mortgage. "It's totally awful" she said, "It's more than I even earn at the moment", "this is why I'm selling stuff on Vinted for £1 rather than giving it to…
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Daring to Dream: Mortgage Free by 63
Hello and welcome to my new thread. I'm graduating myself from the Debt Free Diaries board, where I have been on and off since 2017. I am about to embark on the next stage in my building wealth journey - becoming mortgage free! I successfully paid off all my debt back in 2019 and, having taken a hiatus from MSE, returned a…
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Life in our forever family home and the mortgage that came with it
So having changed a number of aspects in my life over the last 12 months, as well as gaining some new perspective on account of being happier; i decided it was time to start a new diary. I contemplated using my old diary until the new year but already so many things are different now that i chose to just do it now instead…
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Singleton, low income - How to be MFW?
My outstanding mortgage is £11,500 and my mortgage deal is base rate plus .5% I pay £200 a month which is manageable while I’m in work. If things continue as they are my mortgage will be paid a year or so before I retire. I live alone and work for a health charity four days a week, which means my income is relatively low.…
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Overpayment question
Back in a position where I can over pay my mortgage... my question is - does anyone make an overpayment with a different account to what there mortgage comes out from? I want to overpay using my sole account, mortgage payments come out from the joint account. Thanks in advance! 😀
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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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I wanna be mortgage freeeee!
Hi folks I’m a long time lurker coming out of the shadows as our circumstances now mean that we have a real shot of getting rid of the mortgage early. Me and my husband were both made redundant in January. I found a job straight away and my husband has found one and starts early May. We got a pot of money from redundancy…
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A Dream Worth Dreaming?
Long time lurker, first time poster …. Hopping on because I come here for inspiration regularly …. so my story and plan I will share because I’m starting to flag and lose motivation … insights and opinions appreciated 😊 bought a London flat for £355k in 2017… £60k deposit, £153k mortgage and £142k help to buy loan 2020…
