The Final Countdown

ElusiveLucy

Thanks to OPing various amount from a few pounds to £1000 a month since I first took my mortgage out in 2001 on a 25-year term, and a lot of support on the MFW and MFiT threads on here to keep me going, I find myself on the final countdown to paying off my mortgage


My balance today is just under £5000 and my redemption date is September 2016, so I have 8 more mortgage payments to make. It seems to have come round all of a sudden. One minute I had 5 years left, the next I am in my final few months.


To everyone on the MFW journey, believe me, every little bit really does help, however small....keep at it, it really is worth it!

Luckyinlife

well done :]

What are your plans after you pay it off move ? save some more ? new car ?

jb_lord

What a great feeling that must be!! Well done.

Just at the start of my MFW journey but really motivating to read about those who have achieved it.

dark^knight

Well done...you'll be there soon!

ElusiveLucy

Luckyinlife wrote: »

well done :]

What are your plans after you pay it off move ? save some more ? new car ?

Do you know what, I haven't thought about it really apart from possibly putting more into my pension or investing in a buy-to-let property. I guess I need to pull my finger out and make some plans! As I say, the last couple of years seem to have flown by and it is still sinking in that by Christmas I will be MF!

ElusiveLucy

jb_lord wrote: »

What a great feeling that must be!! Well done.

Just at the start of my MFW journey but really motivating to read about those who have achieved it.

It feels like the end of an era, but a good one!
At the beginning of my mortgage I never dreamed I would be able to pay it off in 15 years rather than the original 25 and it seemed such a long time. I have been lucky being on a tracker mortgage with the base rate being so low, that has definitely helped.
I wish you loads of luck on your MF journey, every little tiny OP is worth it.

ElusiveLucy

I got my annual mortgage statement from Nationwide this month and it was entitled "Your final mortgage statement". For some reason I found that a bit scary, but I can't put my finger on why!

jodles16

Thats amazing!! Congratulations! Always lovely to hear from people have almost made it to the end!!

Jodles

ElusiveLucy

7 more mortgage payments to go......

ElusiveLucy

5 more mortgage payments to go.....


Tempted to re-start my OPs as I could bring it down to 3 more payments, but I need the money for other things at the moment.


Sadly the tax man has decide that my PAYE for last year wasn't right and I am going to be £250/month worse off this tax year, so paying off the mortgage will help with that.

dano17439

I dream of typing an email like this. I was all for overpaying until the death to have a £0 mortgage, but now thinking about it, I might stop the overpayments when the balance is say 10k owed our something, so I can start enjoying the overpayment saving sooner