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Getting a mortgage and then becoming mortgage-free!

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Comments

  • Jessy103
    Jessy103 Posts: 2,257 Forumite
    Eighth Anniversary 1,000 Posts Name Dropper Photogenic
    It does sound like the best plan for all of you.

    Take care and stay safe x
    Mortgage Balance as of July 2025 £14,900.
    Starting Mortgage Balance (June 2019) £72,000.
    Aiming to be mortgage free by my 40th birthday, June 2026!
  • South_coast
    South_coast Posts: 5,896 Forumite
    Fifth Anniversary 1,000 Posts Name Dropper Photogenic
    Our work have announced this year's salary reviews are "under review" themselves - we all know that's really going to mean "cancelled" 😦
    Mortgage start: £65,495 (March 2016)
    Cleared 🧚‍♀️🧚‍♀️🧚‍♀️!!! In 5 years, 1 month and 29 days
    Total amount repaid: £72,307.03. £1.10 repaid for every £1.00 borrowed

    Finally earning interest instead of paying it!!!
  • Kittenkirst
    Kittenkirst Posts: 2,468 Forumite
    Part of the Furniture 1,000 Posts Photogenic Name Dropper
    Our work have announced this year's salary reviews are "under review" themselves - we all know that's really going to mean "cancelled" 😦
    I’m sorry to hear that :( it’s totally pants isn’t it- a kick when we’re already down!
    First home- Oct’16 until June’21: £170.995- Overpayments made £13,784 (25% extra!).
    New forever home- Sep’21 £309,449 @ 2.05%. Plan to clear it before 30 years!!!!!!
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