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The dream!
Comments
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Quick up date, overpayments for Jan £364.30
on the 2020 challenge and it's keeping me going and focusing the mind! Itching to smash the 30k mark! April 2021: Total debt £16016
Goal: Dec 21: £120000 -
So after nearly a year of being locked out of my account I finally got back in!!!
Delighted to announce that I smashed my target for this year and the total debt is now just over £20000.
April 2021: Total debt £16016
Goal: Dec 21: £120001 -
Another update.
Over Christmas and the New Year I had a good look at the finances (something about that time of year that always makes me take stock of the mortgage) and I realised we would be able to pay more and clear it in under two years.
So I remortgaged and reduced the term to 18 months putting our payments up to £1000 a month!!! (But it is short term)
So now the mortgage stands at just over 8k and the loan just under 8k making the total debt stand at just over 16k. I can feel freedom inching closer 😀April 2021: Total debt £16016
Goal: Dec 21: £120004 -
Wow, another year has slipped by since I last posted. I have since paid off our loan and have now just over 2K left on mortgage. ERC ends at the end of June and then I will be MF!!
getting closer!
April 2021: Total debt £16016
Goal: Dec 21: £120004 -
Congratulations - so close you can practically taste it.Achieve FIRE/Mortgage Neutrality
1) MFW Nov 21 £202K now £165K Equity 38.88% 6/9/26
2) £1.5K Net savings after CCs 29/8/26 (but owed £130) so £1.6K
3) 47/82K @29/8/26 = 57.31% AVC Goal by mid 20281 -
Wow Miss money penny. Just read through your diary, brilliant effort and so close now.
Mortgage £31,285.95
MFW 2022 #35 10,000
MFW 2023 #3 10,358.97
MFW 2024 #3 10,000
MFW 2025 #3 10,000
MFW 2026 7,384.62/7,384.62
MFiT-T7 #10 aiming for 16k https://forums.moneysavingexpert.com/discussion/6283332/halving-our-income-and-still-aiming-for-mortgage-free#latest2 -
And that's a wrap!
Paid off the remaining balance today. I think the interest will have to update and then I can have confirmation.
I am now mortgage free!
April 2021: Total debt £16016
Goal: Dec 21: £120003 -
Brilliant news. Well done 👍Achieve FIRE/Mortgage Neutrality
1) MFW Nov 21 £202K now £165K Equity 38.88% 6/9/26
2) £1.5K Net savings after CCs 29/8/26 (but owed £130) so £1.6K
3) 47/82K @29/8/26 = 57.31% AVC Goal by mid 20280 -
Congratulations! Does it feel real yet?
- Original mortgage end date: March 2041
- Current mortgage end date: Dec 2032
- MFW 2026 #15 1,790.07/2400 /// MFW 2025 #15 1628.00/ £2,400 /// MFW 2024 #15 £1,608.85/ £2500 /// MFW 2023 #15 £8,617.84/ £10,000 /// 2022 #15 £7,315.24/ £7250 /// MFW 2021 #15 £8,530.07/ £8500
- Daily interest is currently £2.87
1 -
Excellent work 😀😀😀!!!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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