My Mortgage Free Diary

mpgsheep

May 2023 update

Opening Mortgage balance as of 01.10.21 - £438,500.00

Current Mortgage balance as of 01.05.23 - £423,861.73
ISA balances - £261,575.99
Net Mortgage outstanding - £162,285.74

Slowly getting closer to mortgage neutrality.  

mpgsheep

June 2023 update

Opening Mortgage balance as of 01.10.21 - £438,500.00

Current Mortgage balance as of 01.06.23 - £422,973.72
ISA balances - £261,927.39
Net Mortgage outstanding - £161,046.33

Despite it probably being better to invest, have upped our mortgage payment by £100 a month - both my SO and I just want to start chipping away a bit more, and will just aim to fill ISAs during annual review period each year.  Also gets us more ready for when our fixed rates expire in 2026/2027 (2 parts of mortgage).

mpgsheep

July 2023 update

Opening Mortgage balance as of 01.10.21 - £438,500.00

Current Mortgage balance as of 01.06.23 - £422,101.31
ISA balances - £263,014.38
Net Mortgage outstanding - £159,086.93

Not a lot to say - just chipping away so so slowly.  Glad we fixed for another 3 years!

mpgsheep

August 2023 update

Opening Mortgage balance as of 01.10.21 - £438,500.00

Current Mortgage balance as of 01.08.23 - £421,212.45
ISA balances - £271,273.09
Net Mortgage outstanding - £149,975.36

10k improvement that is mostly due to market improving - i do love my S+S ISA!

mpgsheep

September 2023 update

Opening Mortgage balance as of 01.10.21 - £438,500.00

Current Mortgage balance as of 01.09.23 - £420,337.96
ISA balances - £270,317.26
Net Mortgage outstanding - £150,020.70

Markets gone against me this month - this is a slow slow grind - lot of house improvements ongoing/to come so definitely in for the long haul, can't see anything other than my regular overpayment (£170 a month) for the current fixed period really.

mpgsheep

May 2024 update

Opening Mortgage balance as of 01.10.21 - £438,500.00

Current Mortgage balance as of 01.05.24 - £413,946.40
ISA balances - £262,530.17
Net Mortgage outstanding - £151,416.23

Did not realise had been so long since updating.  Unfortunately home improvements ended up costing more than our non-isa savings, so had to dip into hence the decrease since last time.  The majority of the big work is done now and we are pretty pleased, still some projects to do but should be able to accomodate without dipping into again i hope.  Hoping to have enough in ISA's to cover mortgage by the time we come up to remortgage (September 2026).  We shall see!

mpgsheep

June 2024 update

Opening Mortgage balance as of 01.10.21 - £438,500.00

Current Mortgage balance as of 01.06.24 - £413,198.58
ISA balances - £267,329.86
Net Mortgage outstanding - £145,868.72

Updating a bit early as mortgage payment and interest applied, and more importantly whilst i remember to!

mpgsheep

July 2024 update

Opening Mortgage balance as of 01.10.21 - £438,500.00

Current Mortgage balance as of 01.06.24 - £412,464.94
ISA balances - £272,313.29
Net Mortgage outstanding - £140,152.65

Market improvement helping move £5k lower, always nice!

AgathaSquirrel

Phenomenal progress. The ISA s&s really do make a difference.

mpgsheep

Aug 2024 update

Opening Mortgage balance as of 01.10.21 - £438,500.00

Current Mortgage balance as of 20.08.24 - £411,745.47
ISA balances - £274,212.47
Net Mortgage outstanding - £137,533.00

Bit late here...