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A Better View 🌄
Hello Forumites 😊 here I am again with a new diary for the new chapter we're embarking upon. For those who haven't met me before, here's a quick summary of our journey so far: * I joined the forum 11 years ago. Mr F and I had bought our first house together 9 years earlier and life was very full on. We decided to pay off…
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I'll health and perspectives
Hi all I've wanted to pay off the house for a long time and we have been working towards paying odd our credit cards which will be done by September October time. After that we did have plan to go on a city break which I think still is the plan.. In the last week I gave had a heart attack and it's really put things in…
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MFW: Next step towards total freedom!
I've been a long time lurker and finally decided to start my own diary. My current repayment mortgage of £106,895 was taken out in December 2010 over 25 years at 3.54% (2 year tracker). [EDIT/SPOILER ALERT: This later grew to £169,000 in December 2012 with a new 25 year term due to unexpectedly moving house!]. I became…
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Pay off mortgage now or wait??
Hi all Due to an inheritance we are in a position where we could pay off our mortgage and I am looking for advice and thoughts as to whether we should do that or wait until our fixed term ends. I will try to provide as much information as I can: Amount outstanding on Mortgage - £73,912.01 (approx £640/month) Rate - 3.5%…
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Overpay or Save
Afternoon all. I am looking for some mortgage advice. We moved into a new property end of last year and have been funneling extra money into it since and have so far managed to pay 14% of the overall debt. We are paying double the required monthly fee. My question is, is this the best option for our money. Our remaining…
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Beware Mickey Mouse Mortgages from Lloyds Bank
Anyone trying to overpay a mortgage from Lloyds Bank should check every mortgage payment from day one carefully. We have had a roller coaster ride, including our mortgage term unilaterally increasing by 5 years, within a 3 month period, that resulted in 13 years of mortgage under payments. This is not noticeable unless you…
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Dora's mortgage no more 2021
Starting a shiny new thread as we've just demolished our last debt, down from nearly £25k to £0 so very pleased with the last few years of graft. Now we have the mortgage to work on so the graft doesn't stop it just shifts focus. Bought the house at the peak of house prices in 2007 and have only just got back into equity…
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Frugal Bytes with TechnoThrift
Hey there, lovely folks of MSE 👋 I’m TechnoThrift, and I’ve just wandered into this corner of the internet because—brace yourselves—our mortgage is on track to stick around until we’re well into our late 60s. Cue the horrified gasp 😱. When I picture our 60s, I imagine lazy mornings, spontaneous getaways, and working less…
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2 mortgages
Mortgage 1 - £35k outstanding, 2.52% till July 2026, 15 years left on mortgage. Natwest. Mortgage 2 - £159k outstanding, 4.29% till 30 April 2026, 19 years left on mortgage. HSBC. Both mortgages are below 60% LTV. I can afford around £800 pet month to overpay. How would you prioritise overpayments?
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The Ongoing Saga of Ruby Trying to Own A Home
Hello, new home, new thread. If this is your first time here, welcome, I'm Ruby and together with my husband Mr Eskimo, we're on a journey to be mortgage free. We bought our first house in 2017 and made quite a big dent in the mortgage over that time, mostly due to some inheritance money and taking advantage of a very low…
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After mortgage freedom
I am posting near the finish line. By april next year I should be mortgage and credit card free A little about me I am 42, husband 48. 2 kids who are 9 and 12. Husband is a sahd Bought first house in 2007 with 109k mortgage. Moved out in 2010 to house 2 and got a new mortgage of 125k in addition to keeping house 1 and…
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The Mortgage Free in Three - Take 7 challenge (MFiT-T7)
A three-year challenge for all of those who are want to pay down their mortgage (or save for house-related expenses) over a longer time period than MFW. First of all, a huge thank you to trix-a-belle who ran the 4 and 5 iterations of this challenge, inspiring many of us to stay on track (and becoming mortgage-free…
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Massive Wannabe
I have been on MSE for yonks but always lurking around in the background. I spent several years on a DMP, eventually managing to clear the lot (was around £60k) which is probably the hardest thing I have ever done and one of my proudest achievements! I bought my house four and a half years ago now and my mortgage renewal…
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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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1% MF challenge
Welcome to the 1% MF challenge. Your mission, should you choose to accept it, is to try and clear an extra 1% off of your mortgage in 2022. Why 1%? When faced with a debt that ends in several 000s, overpayments can feel like a drop in the ocean. Maybe you've been OPing for a while and feel like there is little left to…
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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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House Renovated now to Over Pay
So I've finally finished the major renovations and paid off all debts apart from the Mortgage, so now it's time to tame the mortgage beast. I currently have around 21 years left with £153k at a rate of 2.19%, around 4 years left on my fixed mortgage product. For the last 6 months I have been OP around £200 a month, my aim…
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Mortgage free dreamer
Hi All, I've often visit the forums and dream of being mortgage free before I am 40-45, over the last few years I've really concentrated my efforts on clearing what little debt we have an focus on overpaying as much as I can. Bit of background - I'm 32, earn approx £30k p/a (full time) OH - Also 32, earns approx £11k p/a…
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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…
