The "Mortgage-free in 2025-30" club!

Firegirl

10 items listed on eBay.

But this is the cracker...... Got a coin in my change and it was nice and shiny so a shoved it in my pocket. Forgot about it and found it today and looked it up on eBay and it's going for £300!!!

Moneyfordreams

I have shifted £5.7k onto 0% cc for 3 years... so OP will get bigger from September. We are hoping to hit £165k by Xmas.. putting us ahead of target

turtlemoose

nice find Firegirl!

I'm on target for my MFW 2016 aims, in fact we are ahead of schedule. However things may slow down over the next few months because...drum roll....baby will be here next month! How did that happen so fast? EEEEK.

lippy1923

Hello All


I need to have a good catch up with this thread. From what I can easily see, congrats on the pregnancy turtlemoose and well done on the balance bubblycrazy!


Quick update from me, 1 year ago today I started my mortgage free mission diary. 1 year has passed and £10k has been wiped from my mortgage balance. Hoping for <£100k by the December.

Firegirl

Morning everyone!

I am getting made redundant after 12 years in my job so I'm very excited that, provided I get a new job, I'll be well on track for mortgage overpayments!

slicence

Excellent attitude! Good luck

I've just got a promotion but it's not much more money so I'm not overly excited about that!

McTaggus

Hello everyone! :wave:

I would love to join this challenge!

Our original mortgage term would put us at repaying the mortgage in 2048 :eek: but we're now aiming for a 10 year (rather than 31 year) plan so aiming to be MF by 2027. It's going to be tough, but excited to be on the journey.

Other goals - pay off the mortgage by the same time OH's child maintenance payments drop (when his eldest hits 18) so we can have more freedom to choose what we want to do in life, rather than having to face the daily grind of the rat race, spending all of our money, and therefore ensuring this doesn't have to be our future for the next THIRTY years.

If we can hit the goal, then I should be MF by 44, rather 65..... which would be HUGE!

Wishing everyone luck on their missions to mortgage freedom!!

slicence

Whoop! Have sold some furniture so have overpaid by £4400!

Also thinking of setting up a regular payment instead of ad hoc payments.

In other news, it looks like I'll be MF sooner than I thought; I'm going to sell up and buy a boat! We're currently tenants in common and the other tenant wants to buy me out with cash next summer. It's not quite enough capitol to buy a good home on my own, and I don't really want to be bogged down with a massive mortgage, I feel like I'm only just starting to live my life!

Time-scale is between May and September 2017, and will still need to overpay a bit for to keep the other tenant happy

It's definitely going to be an interesting time!

amycool

Wow Slicence - how exciting! And well done on making so much from your furniture. I doubt I'd make £1000 if I sold everything we own!

turtlemoose - how much longer until you're due to be a mum?

I have had to stop overpaying as I've gone over the 10% for this year! It's good timing as we're about to do some redecorating in the living room and we'll need every penny for that. OH has also moved jobs, which meant a paycut, and with me not working there's not much left each month.

I'm thinking by the time we've paid for all of the work to be done and Christmas we can then hopefully re-start in the new year with a new 10%.

Firegirl

Wee update- I'm now a lady of leisure!!!! Enjoying myself a bit tooooooo much but I have promising job in the pipeline so if that works out it would be amazing!

fingers crossed!

AC- that's great you went over 10% mark!
Slicence- that's very exciting times ahead for you.
McT- great goals there and what freedom you'll have!!!