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

Firegirl

How is everyone getting on? I have been contracting so have given the mortgage a good blast and I have a good bit in offset savings in the mortgage. Well on track to being mortgage free by 2030 but anything can change!!! Keep chipping away and see where life takes us!!!

bubblycrazy

I'm still on target for a 2030 finish, but still have hopes of 2025. My OH is moving in at the end of the year :j so I'm hoping once we've worked out the financials that bigger OP's will be possible!

clarew

Still chipping away here..have upped the op to cover the increase in interest rate from 1st sept-just really wanting to stay on track. Still finding it hard as income is low but trying hard!

I’ve used someone else’s idea from years ago and drawn a basic house shape and filled it in with squares/bricks with the month on and each new year outlined in a darker pen. I’ve been colouring them in each month as mortgage goes out...quite satisfying to see the house becoming more colourful and makes me feel I’ve brought another chunk of the house. Think i started with about 99 months/bricks to go!

Am also getting quite excited thinking that 2020 isn’t too far off....nearly at the end of 2018.....once we hit jan 2020 it’s another psychological barrier to freedom crossed!! (Well still at least 5 years to go for me but to be in the 20s decade at least is great...

lippy1923

I do the colouring bricks on the house thing as well. Got it on my fridge. Still chipping away at the mortgage here, now into the £79ks

Firegirl

I love my house bricks!!!! I haven’t done it for ages so thanks for reminder. I have it on a spreadsheet.

purplevamp

I do the house brick thing too I downloaded a picture of my house from streetview and printed a grid over the top. Every time I pay off £1K from the capital I colour one in. It's on my fridge too. This year has been really bad. I have not made a single OP. Spare money just doesn't seem to be available for me at the moment . I think if I'm lucky I'll be able to make one OP by the end of the year and that'll only be around £500, which counts as one month off the time left. But better than nothing I suppose. That goal of "2025/30 seems very far away.

julicorn

I only just saw this thread - I'm assuming it's not too late to join?

Our mortgage free date would be December 2042 (:eek:) with no overpayments, but we're currently on track to be mortgage free in 2026, 16 years early. We only started overpaying in April this year though, and aren't yet in our "forever home", so I guess a lot can happen by then!

As for tracking our progress, I've got a cross stitch, where I add one stitch for each £100 reduction in mortgage balance

Firegirl

7 years til 2025:eek:

wildcherry

Hi All,

Last year when I first posted on this thread, we were hoping to be mortgage free by October 2026. Since then, I have been really intentional with our money and how we spend it and I am hoping for mortgage free date of 1st September 2023. This will coincide with when our fixed rate ends so I'm hoping that we can pull it off.
I have been on a real journey with personal finance and we are in a much stronger position than we were a year ago. I'm really looking forward to seeing how other people are getting on on their journey.

miss_undastood

Please can I join?

I originally borrowed 308k in 2013 with a repayment date of December 2048

I think I can clear it/be mortgage neutral in around 13 years from now (2032) but I’m willing to push myself a little harder to meet Dec 2030