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I am now mortgage free

Maximum_Saving
Maximum_Saving Posts: 183 Forumite
edited 20 June 2017 at 7:57PM in Mortgage-free wannabe
Today I have paid off my mortgage Early in June I gave a £3000 overpayment and then on 12th June I paid my direct debit. Today i phoned Nationwide and paid off the remainder. They will be sending me some paperwork. I began my mortgage in 2010 and began overpaying in 2013. I had a fixed mortgage so had to pay fees I feel over the moon happy.

Comments

  • W.Ford
    W.Ford Posts: 62 Forumite
    Part of the Furniture 10 Posts Combo Breaker
    Congratulations, i personally cant wait for that day to come!
  • v40vol
    v40vol Posts: 35 Forumite
    Part of the Furniture 10 Posts
    Congratulations, Well done. :beer:
  • Kittenkirst
    Kittenkirst Posts: 2,468 Forumite
    Part of the Furniture 1,000 Posts Photogenic Name Dropper
    Well done you! Such a great achievement :D
    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!!!!!!
  • genieuk
    genieuk Posts: 341 Forumite
    Part of the Furniture 100 Posts Combo Breaker Mortgage-free Glee!
    Awesome well done, I am hoping to be mf by Sept 2019
    Mortgage
    June 2011 £145,943.13
    Dec 16 £74,537; Feb
    Aug 17 £59,399.96
    Nov 19 £0.00
  • Maximum_Saving
    Maximum_Saving Posts: 183 Forumite
    Hi W Ford. Good luck with paying off your mortgage too.
  • edwink
    edwink Posts: 3,006 Forumite
    Part of the Furniture 1,000 Posts Homepage Hero Photogenic
    edited 22 June 2017 at 10:49PM
    We paid ours off 10 years ago and it is the best thing we ever did IMO. Well done to you.


    Good luck to W ford from us too.
    *3.36 kWp solar panel system,10 x Ultima & 4 x Panasonic solar panels, Solaredge Inverter *Biomass boiler stove for cooking, hot water & heating *2000ltr Rainwater harvesting system for loo flushing *Hybrid Toyota Auris car *RIP Pingu, Hoppy, Ginger & Biscuit *Hens & Ducks* chat thread. http://forums.moneysavingexpert.com/showthread.php?t=5282209
  • Ray_Singh-Blue
    Ray_Singh-Blue Posts: 518 Forumite
    Ninth Anniversary 500 Posts Name Dropper Combo Breaker
    I didn't overpay mortgage last year, but carried on wanging it all into a stocks and shares ISA. My investments rose in value, while the mortgage stayed the same. So overpaying would have been much worse for me.

    But there are many ways to skin a rabbit, and I'm happy for you feeling good about what you have done.
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