The Mortgage Free Roll Of Honour

ShALLaX

This is my second time through this journey, so here goes:

a. The date you decided to become a MFW
The day I started the mortgage payments - 21st August 2018

b. Mortgage Debt at its highest
£165,118

c. Mortgage-Free Date
6th June 2025

d. Your pearls of wisdom.
Pick a long fix over the lowest rate. I’d pick predictability and certainty over a few saved pounds (especially if you’re paying your mortgage off rapidly). 

Overpay monthly as much as you can without triggering early repayment fees. 

Overpay an annual lump sum as big as you can without triggering early repayment fees. To do this, have a separate savings account that you pay into monthly. Pretend that money is spent - do not touch it unless you have an emergency. 

e. The MSE Mortgage guides and others that helped you
Didn’t use any, but I did use a mortgage tracking spreadsheet that I heavily modified to help me figure out how much I should be saving each month in order to do a lump sum overpayment each year. 

f. And if you had a mortgage freedom diary on MFW, a link to it.
Didn’t maintain one. 

designingalife

a. The date you decided to become a MFW

April 2021

b. Mortgage Debt at its highest

£155k

c. Mortgage-Free Date

April 2025

d. Your one pearl of wisdom.

Don't give up there will be ups and downs but small amounts count.

e. The MSE Mortgage guides and others that helped you

Reading the Diaries of other kept me motivated.

f. And if you had a mortgage freedom diary on MFW, a link to it.

I didn’t, I had a debt free diary but not maintained since 2021.

Archerychick

Hurrah! Paid down the mortgage today!

a. The date you decided to become a MFW
This was always the plan!

b. Mortgage Debt at its highest
£95k

c. Mortgage-Free Date
06/10/2025

d. Your one pearl of wisdom.
Make sensible decisions and don’t be afraid to end a fixed deal early if you’re going to be better off - do your calculations!

If you’re able to make overpayments, only do this if your mortgage rate is higher than you can get in a normal savings account. This is how we paid down the final £22k, in one chunk at the end of our fix because we earnt more in savings than we could have by over paying.



e. The MSE Mortgage guides and others that helped you
The MSE mortgage guides really helped us when we bought the house to understand them, pros and cons of each type.

f. And if you had a mortgage freedom diary on MFW, a link to it.
https://forums.moneysavingexpert.com/discussion/6495672/roll-on-october-2025#latest

Sarsibob1

As of 7am this morning I am joining the mortgage free roll of honour

a. The date you decided to become a MFW - april 2007. The day I bought my first house
b. Mortgage Debt at its highest - 325k combined over 2 houses in 2014
c. Mortgage-Free Date - house 1 2020 (kept my first home when I bought with my husband and rented it out) house 2 11/10/2025
d. Your one perl of wisdom. In the words of Dory 'just keep swimming'