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

Firegirl

:beer:

Current Mortgage Balance £209900
Target for May 2017 was Somewhere inbetween 2 figures below!!
19 Year Target Balance MF55= £216, 793
14 Year Target Balance MF50= £207, 700

Next years targets are on my signature!

Yay I achieved my target and close to the MF at 50 too.

Welcome WC - it's so lovely getting married! Enjoy all the planning. Remember do what you and your other half want to do and not what everyone else wants!

allmannerofthings

Hello, can I join in please, pinkteapot? Mortgage £115000, original mortgage free date 2031. Target mortgage free date 2027.

armchairexpert

Oooh, look, a shiny new-to-me thread to join! May I please? I am

armchairexpert || original MF date 2039 || target May 2028 for no good reason except that it's my 50th birthday

I'm in Australian dollars so my figures look crazy high to you lot, but we owe $220,000. It's a Line of Credit product, I don't know that you guys have these but basically everything gets paid into the mortgage account and everything gets paid out of it. So I don't save up for, or make, overpayments as such - I just try and make sure there's a bit left in the account at the end of the month, and that's my overpayment. What that means is that we also leave money in the mortgage account that's actually earmarked for a savings goal, so sometimes the mortgage goes back up. That feels frustrating but it makes more financial sense than putting savings in a separate account.

Anyway, enough blathering!

Dogbooks

Hi all, I haven't yet got a mortgage (I'm currently in the process of buying a property!) but am following this with interest We've applied for a 27 year mortgage which would take us to 2044 (argh!) but hopefully with regular OPs we could bring it forward to 2030

Best of luck everyone!!

Suebevvy

Suebevvy - 17 year mortgage but hoping to be free in ten years if not sooner!

LadyGnome

Best of luck to all the new posters.:D

I have a clear plan to pay off the mortgage by 2027 rather than 2034 which is on track so far. So obviously I am now trying to think of ways to beat the that target...:p

bubblycrazy

I have put my monthly OP up to £100 from £60. This brings the current mortgage free date to 2033.
16 years early and I would be 48, but still not where I'd like it to be. Ideally I'd like to bring it down to my 40th!
Hope everyone else is doing well?

amycool

We've been putting any spare cash in the savings pot and we're nearing the point of being mortgage neutral (probably a few more months). Once our fixed deal ends the plan is a big overpayment to avoid fees but we'll wait and see nearer the time. I reckon we might be able to pay off the whole mortgage just before 2025, which would be nice.

Having said that, OH's department has just announced redundancies...

purplevamp

Can I join in please? I may not post that often as I only seem to read the boards when my DH is alseep and the clickity clacking of the keyboard would wake him up :rotfl:

Ideally I'd like to be MF by 2025 but realistically I think it'll be more like 2030.

purplevamp || original MF date 2039 || target 2030 || goal: To retire earlier than age 67 :eek: || purplevamp's diary

bubblycrazy

That's great news amy! Welcome purplevamp (love the name) good luck with your goals