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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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Pulling my frugal pants on.
We have 13yrs and £46,000 left on the clock and our mortgage is up for renewal. We have £7000 in saving, so will use that to offset it. So we are looking at £40,000 plus interest which such a lot of money. Goals 1) Record money spent, saved and extra money earnt 2) Be as frugal as possible. 3) Maintain as sense of humour.…
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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…
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My Five Year Focused, Frugal and Fun Challenge
Hello all :) it has been a long time since I posted on here and a lot has changed. I'm now single and bought my new home last year. It needs a lot of work but after the next couple of jobs are done I’m having a break from doing anything else so I can focus on paying the mortgage off. I wouldn’t book any of the people again…
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MFW to MF Future Me.............
Hey all, Dolly here with some goals to tick off one by one! I really need to get a lot better with my finances. I'm 40 now so time to grow up and get a grip!
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The Long and Winding Road
This seems like an appropriate thread title given the very long path we have to walk to get even close to mortgage free, but we're certainly thinking about it and have been taking note of small milestones already. Hopefully this thread will see our walk turn into a canter. Except with one significant and self inflicted…
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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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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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Anyone taken out a large mortgage (over 300k) at 50?
Hi all We decided to move to our dream house this year. Our mortgage has gone from £800 to £2100 per month. Is there anyone else who’s done this sort of thing at aged 50? I think everyone thought we were nuts and they were probably right! But I don’t regret it.
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Should I pay my mortgage off?
Hello, My mortgage Is coming up for renewal in November and it currently stands at £32,000. I have been on a fixed rate for five years at 1.8% and I’m terrified about the monthly payments jumping up when I renew. Having done a budget plan this week in preparation to meet my mortgage advisor, I was shocked to find my…
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Easter 2025 I’m coming to get you!
OK so that maybe slightly optimistic but you have to dream big! I’ve been reading these for a while and decided it was time to go public instead of lurking; hopefully I can keep up with it and keep motivated. I have a mortgage which is not huge but I still have one. Originally £80,000 in November 2015 and as of tonight…
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Paying off within the 10% limit
Hi We have a mortgage with Nationwide, 10 yr fix at 2.09% with 6.5 years to go, current balance is ~£27k and the original loan was £100k so checked with Nationwide and an overpayment of £10k is ok without invoking early repayment fees. So it’s possible to clear the mortgage in 3 years rather than the remaining 6.5, which…
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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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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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Paying off my mortgage early where do I even start?
Hi all, Been reading a lot on here and finally thought I’d post. I’m starting to look into overpaying on my mortgage but not really sure what’s the best way to go about it. There’s loads of calculators out there, but I one and was messing about with the numbers its called checkawage.co.uk It’s mad even just overpaying £100…
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Two years and then downsize... DONE!
Hello - I wanna be mortgage free! I have a mortgage in the high £40k's which has 14 years left to run and fixed at 3.04% until end Jan 2024. I'm divorced and have a grown up son living at home and job hunting, plus a teenager. September 2019 I got a temporary promotion at work and made the decision that all the pay rise…
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Paying mortgage off (Northern Ireland)
Hi interested in anyone who has paid their mortgage off (particularly from N.Ireland). I'm being told to contact a solicitor to have them remove the lenders charge over the property (Discharge of Security). I take it this is just another money grabbing exercise How much will this cost thanks
