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Alchemausterity II
Traditionally I would post in purple, but times change and on my mobile. I was torn between DFW and MFW but I feel like this is my spiritual home! I haven't been around for years and in that time we've moved to a smallholding. DD1 now at uni, DD2 doing GCSEs and DS1 starting secondary in September. We have a whacking 270k…
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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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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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Mortgage Free: The final countdown
Hello - Just signed up to Julicorn's MFW OP thread, but I felt I wanted to create a diary for this aspect of my financial life. Sorry for the thread title - @FootyFanDan and I were having some music banter over at the DFW diary's and I just thought it was a great idea for a thread title (pun included) Situation: As of the…
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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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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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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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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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Impossible challenge
Hello! Trying to keep motivation so decided to stop lurking in the shadows and start my own thread. Family of 4 (2 adults and 2 children) with a very large mortgage of now £470k over with just over 23 years left. 1.5 years into a 5 year fix (thankfully a cheap one). OH and I are fortunate to have well paying jobs but…
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So close I can taste it …
After 2 years of hard saving, a lump sum from one of my pensions and a little help from mum & dad, I’m now within spitting distance of paying off the mortgage. 🥳 Just need another 5k, which I should be able to save within about 6 months. This feels like the last lap and I’m ridiculously excited 🤣
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Our forever home
I'm a new mfw 😊, moving over from the dfw board. We moved into our forever home on 16th November 2020. 90% LTV, 25 year mortgage. We've just paid our first standard monthly payment so only 299 more to go!!! We'd like to actually pay it off a little sooner, but due to home improvements and our saving pot for IVF it's likely…
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DrCarrie's adventures in saving to be a mortgage-free wannabe
Hello, all new friends and old? I am here for a new adventure, and to document my adventures. To notice new obstacles and turn them into paths. I have never been a saver. I am 50 and have never been a saver. I have been a spender. I have cleared my debts 3 times and spent significant windfalls. I have had 2 mortgages and…
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Paying off mortgage from pension lump sum???
Hi, I have come up with an idea and I’m sure there are draw backs and would appreciate your feedback. I’m currently 51 and thinking about increasing my mention contributions quite significantly. If you assume my pension pot is on track for where I want it to be at by the time I retire, my question is, I’m in a position…
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Discount Duck’s Quest For Mortgage Freedom
My boyfriend lovingly (?) calls me his little discount duck - partly because I’m from Leicester (as in “Ay up me duck”) and partly because I am tight as a duck’s backside with money! This originally came from necessity, seeing my mum struggle when she became disabled and I was in my teens - working part time to be able to…
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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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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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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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Mortgage Paid Off and Impact on Credit Rating
I find this very odd. I paid my mortgage off last month....and now my Equifax credit rating has taken an unprecedented hit because of it. I have zero other debts. It doesn't really matter, my rating would still be plenty high enough if I needed to use it....and I sort of get that if I'm not paying a mortgage off then there…
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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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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…
