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Green Pastures for Pennies
Well. For cents actually! I am Ireland based, but it didn't have the same ring. I am a near 40s PhD student mostly working from home. I was part of this forum, gosh, in my mid 20s over ten years ago! but I have long lost access that that account. Back then I bought my first flat solo in the UK in a city and paid 10k back…
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Living it up and saving up
*I'm not currently 'living it up'. it's cold and I'm tired. Hello fellow mortgage-free wannabes! I started a thread a few years ago where I'd aimed to be mortgage neutral by 2024. I did this and then some and managed to be mortgage free (briefly) before I was 40. I'm not currently mortgage free. My mum passed way at the…
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Best way to use lump sum?
Hi everyone, I have recently received some inheritance and was aiming to put £50k towards the mortgage, but I'm stuck with how best to do this. Mortgage is currently £109k with interest rate of 5.04% and the current deal is up in December. Do I put the £50k on now or wait until the deal is up to avoid charges for…
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varfor's mystical journey
Having enjoyed the diaries on here I thought it would be good to share my own progress. DW and I moved from London to the Midlands just over a year ago. I loved being in London but would have struggled to buy even the smallest flat where we lived. We have family here too which is nice. I work in IT and have been made…
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MF to achieve our Devon Dream
Hi everyone! Starting this MF diary determined to keep up the habit. Am a longtime lurker on the Forum and read many diaries and really enjoy reading about people's lives, especially on the MFW board. I've only ever posted a couple of times, I'm more of a lurker on SM, but for some reason now I feel compelled to document…
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Fix Up, Look Sharp
Hi Everyone! I'm venturing over to MFW after a number of years on the DFW boards :) My husband and I bought our first house a few months ago. It is the kind of house that EA's would describe as "full of potential" - which means that it needs a lot of fixing up! - but we love it and are hopeful that with a bit a lot of…
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Missy’s full time working mum juggling act MF adventure
Hi! I’ve been reading lots of inspiring threads and I’m finally in a position where I feel ready to jump over here from DFW threads. I’m now finally in a stable job with a regular income so I can hopefully start paying off the mortgage. A little about me, I’m a full time working mum of a 10 and 12 year old, myself and OH…
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Forever Starts Now
Hi all. After years of saying we were looking to move, we finally did it! Our last house was meant to be a temporary stop before our "Forever Home" but life got in the way, we paid off debt, we had another child, changed jobs etc, and we were still living there 11 years later. The pandemic finally gave me the push I…
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Is Our Mortgage Sustainable? Advice Needed
We are first-time buyers, and our mortgage for a house of £575k has been approved with an interest rate of 4.44. Loan term is 28yrs. Got it with Nationwide with 5.5x of salary and they counted my annual bonus. We are putting down a £110k deposit(19%).So the mortgage amount is 465K and rest balance we are paying as deposit.…
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Balance in the force
The story so far... 2011 joined MSE and started my DFW journey. 2014 finally debt free with over 14k paid off and started saving for a deposit. 2017 bought our fist house and promised to overpay the mortgage. 2017-2022 didn't overpay the mortgage :D Did start S%S ISA, build cash savings and buy some premium bonds. Also…
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Keeping our options open
Hi Everyone, I've debated setting up my own MFW diary for a while and I've finally decided to go for it (hopefully the children will stay asleep long enough for me to write my first post!). We took our £200k mortgage out nearly 5 years ago on a 25 year term so that it would be paid off by the time my husband turns 60 and…
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Overpay mortgage or save
Hi, I am a bit stuck on what to do and thought I’d ask your opinion. I have a mortgage of £150,000 left over a term of 29yrs, but with a low interest rate on a repayment mortgage of 1.6% fixed for 2yrs. I want to repay £1500 per month on top of my mortgage of £500pm. This should bring my years of mortgage down…
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Is it worth paying my mortgage off early?
Hello, I am about to inherit enough money to pay off my £20,600 mortgage, which has a fixed 2.15% deal until 30/04/2027. My mortgage expires in 3 years and 5 months. I have had a statement to say the early payment redepmtion fee is £600. Is it advisable to pay this early or wait until at least my deal runs out in 2 years 2…
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Irish cottage journey to (4!!) mortgage freedom
Hi all, I have decided to start up a new thread to reflect my own journey to mortgage and financial freedom. I did have another thread which I didn't really get around to updating very much and I thought it best to start afresh. A bit of background - I'm turning the big 40 this year (:eek:) and I guess it has certainly…
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Debt and mortgage free wannabe
Hi everyone. I've been reading diaries here for years now, but never started one of my own and I've been a bit of a lurker. I've decided to start one myself because I completed my first SAO this evening and it came as a bit of a shock, and because I'm still living the 'mortgage is less than 1/6 of my income' life while my…
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Overpayment motivation?
I've been lurking on a few threads but generally just struggling myself at this point. I've got a mortgage of around 120k on my house, the interest went up drastically this year to 5.54% and seeing the interest amount every month on the statement is really discouraging. My monthly payments are hardly paying down any…
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Shared ownership and stamp duty
Hi, I hope someone can help. I bought out my shared ownership flat and now run it as a buy to let with housing association consent. I married in 2024 and my husband also has a flat, which is shared ownership (40%). We would like to buy out the remaining shared ownership portion jointly. I can put down £10K to support any…
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The Mortgage Free in Three - Take 6 challenge (MFiT-T6)
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 previous two iterations of this challenge, inspiring many of us to stay on track (and becoming mortgage-free…
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mortgage - paying off v leaving a small mortgage
Hi, I'm in the fortunate position of being ready to pay off my remaining mortgage (term left 10 years), however a discussion with a colleague at work where he suggested that it maybe prudent to leave say £5k as a mortgage, and lower the monthly payments for the next 10 years, his logic was that having this mortgage will…
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Starting Over Again - Let's crack on and halve this term
Hello Mortgage-Free Wannabees Starting my own thread as over the years I have been so inspired by so many of you on here and thought now was the right time to get in on the overpaying action. A little about me, I'm 50 years old and live with my husband and our 7 year old daughter. I have three older children, one who is at…
