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MFW: Next step towards total freedom!
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Ok thanks @caeler yeah that sounds very similar to my EF approach...and maybe one day I'll be able to have a foreign holiday pot again
Mortgage free as of March '25!
£240,000 paid off in 4 years, 8 months and 18 days (July '20-Mar '25)
Mortgage paid off 19 years early.
2025 MFW #40
2025 Goals
Pay off mortgage of £55k for good! - £55k/£55k paid - mortgage free!!!
Keep emergency fund at £10k - £10k/£10k - goal met!
Lose 12 kgs - 3/12 kgs lost so far
Try 1 new activity/experience as a family each month - 0/12 new activities/experiences tried
Decluttering - declutter 500 items from house and outbuildings - 136/500 items so far1 -
The mortgage account has disappeared from online banking! So it’s done. Now to wait for a confirmation letter. I guess at that point they’ll confirm my mortgage is discharged and that they’ve notified Land Registry?10
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Oh my goodness how amazing! Congratulations, now its gone from the online account I bet its so surreal!!!First home- Oct’16 until June’21: £170.995- Overpayments made £13,784 (25% extra!).
New forever home- Sep’21 £309,449 @ 2.05%. Plan to clear it before 30 years!!!!!!1 -
Wow well done! Although I remember feeling sad when my HTB isa account disappeared lol! It’s the end of an era and the start of the next 😁 xxxMortgage started August 2020 £69,700
Mortgage ends Aug 2050 MFW: Aug 2027
Current Balance: £58,678
MFW2020 #156 £723.13
MFW2021 #26 £1184.71
MFW2022 #11 £197.87
MFW2023 £785
MFW 2024 £528.15Determined to make it!1 -
You can register for land registry alerts, so if something changes you'd be notified.
Aimed at fraud prevention, but will also tell you when the house is "yours".If it's not adding up, compound it!1 -
I got a letter from the land registry to say that the mortgage provider had released their charge on the house.Statement of Affairs (SOA) link: https://www.lemonfool.co.uk/financecalculators/soa.phpFor free, non-judgemental debt advice, try: Stepchange or National Debtline. Beware fee charging companies with similar names.1
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I think it took a couple of weeks for a letter from the mortgage provider to say they had released their claim and a week after that from the land registry.
It's just paperwork though, the house is all yours!Statement of Affairs (SOA) link: https://www.lemonfool.co.uk/financecalculators/soa.phpFor free, non-judgemental debt advice, try: Stepchange or National Debtline. Beware fee charging companies with similar names.2 -
The mortgage news hasn’t really sunk in yet. I’m sure it will and it will hit me, I’m waiting for that!In other news my cruise (which was postponed from May 2020) has been postponed again so I won’t be trying to travel to Greece next month! Phew! It’s been moved to August so very much hoping it can go ahead this time.This weekend I’ve seen my family! The driving has broken me (not used to it anymore) and thankfully the weather has been super so the bonus was enjoying being sat in the sun in the garden!5
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I reckon the mortgage news will only really sink in when you next get paid and realise you don't need to put anything aside for it 😀
I'm waiting on being able to meet indoors before I see my family - too much of a wuss to sit outside 🤣!Mortgage start: £65,495 (March 2016)
Cleared 🧚♀️🧚♀️🧚♀️!!! In 5 years, 1 month and 29 days
Total amount repaid: £72,307.03. £1.10 repaid for every £1.00 borrowed
Finally earning interest instead of paying it!!!1
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