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I Want To Be Mortgage Free!

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  • FloppyDisk
    FloppyDisk Posts: 864 Forumite
    Tenth Anniversary 500 Posts
    Lovely bonus and you're well under 60k now!
    Mortgage Apr 18 £417,894 BTL Mar 18 £162,857
    Mortgage now -- £350,085 BTL now --- £162,668
  • ch4rly2002
    ch4rly2002 Posts: 468 Forumite
    Ninth Anniversary 100 Posts Energy Saving Champion
    That's great news Jessy, well done. What a fab over payment!
    Mortgage: Mar 2018 -£300,000 / Jul 2021 -£255,000 / Oct 2024 -£172,835 (1.27% Interest until Feb 2027)
    Joint Savings: Aim £13.5k. Dec 2016 £1,700 / Jul 2021 £36,600 / Oct 2024 £106,450 (£100k in PBs. £5,850 at 4% interest. £600 Regular Saver at 7% Interst)
    Car Loan: Oct 2024 -£45,000 (0% APR Interest)
  • Thistlewhistle
    Thistlewhistle Posts: 1,091 Forumite
    Wowee!!!
    What a sensational achievement. Hope you enjoyed the takeaway - a just reward for all your efforts!!

    T:)
    Mortgage at end 05/2007: £90200
    Mortgage at end 08/2018: £71646 paid £18354 (20.5%)
    MFD: :eek:Original:05/2042:eek:
    Car Finance: £8225 : £6392 (22.2% paid off)
    CC Debt (0% until 06/2020): £5640 : £4400 (21.7% paid off)

     Age of Money at 31/08/2018 = 23 days

    YNAB is changing the way I live my life....and spend my money!!
  • michelle09
    michelle09 Posts: 912 Forumite
    Eighth Anniversary 500 Posts Name Dropper
    That's wonderful news, well done on breaking the 60k barrier!
  • Jessy103
    Jessy103 Posts: 2,250 Forumite
    Eighth Anniversary 1,000 Posts Name Dropper Photogenic
    Thanks guys, really appreciate the support! 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!
  • themadvix
    themadvix Posts: 8,779 Forumite
    Part of the Furniture 1,000 Posts Mortgage-free Glee! Photogenic
    Great OP Jess!

    I always intend to stop sending Christmas cards, but then falter... well done for sticking to it! Just the cost of postage adds up!
    Mortgage free 16/06/2023! £132,500 cleared in 11 years, 3 months and 7 days

    'Now is no time to think of what you do not have. Think of what you can do with what there is.' Ernest Hemingway


  • Jessy103
    Jessy103 Posts: 2,250 Forumite
    Eighth Anniversary 1,000 Posts Name Dropper Photogenic
    Thanks MV! Yeah postage is not cheap, i don't live near alot of my family and DH's are across the country so it has saved us a small fortune!
    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!
  • Thistlewhistle
    Thistlewhistle Posts: 1,091 Forumite
    I have to send out post as part of supporting my SW members so I invested in a franking machine which brings the postage down to 38p I think it is. Still not cheap but better. Obviously not an option for a household.
    I'll be sending out 400 lapsed member letters out shortly to encourage members back into group.
    Gulp!!

    Thistle
    Mortgage at end 05/2007: £90200
    Mortgage at end 08/2018: £71646 paid £18354 (20.5%)
    MFD: :eek:Original:05/2042:eek:
    Car Finance: £8225 : £6392 (22.2% paid off)
    CC Debt (0% until 06/2020): £5640 : £4400 (21.7% paid off)

     Age of Money at 31/08/2018 = 23 days

    YNAB is changing the way I live my life....and spend my money!!
  • Jessy103
    Jessy103 Posts: 2,250 Forumite
    Eighth Anniversary 1,000 Posts Name Dropper Photogenic
    Oh wow, good luck Thistle! 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!
  • Jessy103
    Jessy103 Posts: 2,250 Forumite
    Eighth Anniversary 1,000 Posts Name Dropper Photogenic
    Hi Guys!

    Hope you all had a lovely Christmas?!
    We went down to my parents and spent it with my family which was lovely. Lots of smellies received so they should keep me going until my birthday in June!

    The regular mortgage payment came out today and takes us down to £58,674.00. Even with the interest added on in January we won't be going back over £59K so that's another box I can cross off the chart :j
    I really need to sit down and start looking at the goals I will be aiming for next year. Our mortgage deal ends in August so I want to make sure we use the rest of our allowance up before then and have the lowest LTV percentage possible. I will keep you posted!

    Take care
    Jess 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!
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