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The Journey Begins...
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Congratulations on the OPs, you’ve made a significant amount of progress in the last few years!!MFW 2021 #76 £5,145
MFW 2022 #27 £5,300
MFW 2023 #27 £2,000
MFW 2024 #27 £6,055
MFW 2025 #27 £5,075
MFW 2026 #29 £500 / £10002 -
Just caught up with your diary, well done, to be MF at 50 is excellent, my goal was to be MF at 55. A lot of ups and downs along the way too. Not long till you get there your coming to the final stretch! Keep posting!2
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Amazing progress. Think I’m likely to be early 50s before mortgage free.2017 - mortgage of £140,000 and interest rate of £10 a day
Feb 2021 £103000
November 2021 £93000
December 2022 £79000
December 2023 £73000
March 2024 £70000
May 2024 £68000
October 2024 £65000
February 2025 £63000
March 2025 £45000, interest of £6.07 per day
November 2025 £41000, interest of £5.62 per day
March 2026 £38000, interest of £5.22 per day
July 2026 mortgage of £34,000 and interest of £4.97 per day2 -
Finally - Below £20,000!!!!
Well, it's been a struggle at times & has felt like it's dragging on but today I have seen my mortgage debt balance below the 20k mark.
This is a huge achievement for me and I'm looking forward to 2022 where my mortgage debt is going to be attacked every month.
Thanks everybody for your words of encouragement - I'm on the final countdown!Became mortgage free 1st March 20232 -
CongratulationsMFW - 01.10.21 £63761 01.10.22 £50962 01.10.23 £39979 01.10.24 £27815. 01.01.25. £17538
01.03.25 £14794. 01.04.25 £12888
01.05.25. £11805. 12.05.25 £9997 05.06.25 £8898.
01.07.25. £7975 01.08.25 £6968 01.09.25 £5956. 01.10.25 £4979
01.12.25 £2899 21.01.26 £02 -
Warning letter from mortgage provider
I have today received a warning letter from my mortgage provider, saying I can overpay another £1000 up until April 2022 - any more than that, there's a 2% penalty on the amount over payed.
After April 2022 however, it resets, allowing another £6400 to be over payed up until April 2023.
Has anyone else had these letters?
I suppose it's nice of them to warn me beforehand & it's certainly better being too much in the black rather than the red.Became mortgage free 1st March 20231 -
It's normal with a fixed rate. Just save up your op separately and then whack it in after the reset day. Congratulations on your progress.Achieve FIRE/Mortgage Neutrality
1) MFW Nov 21 £202K now £165K Equity 38.88% 6/9/26
2) £1.5K Net savings after CCs 29/8/26 (but owed £130) so £1.6K
3) 47/82K @29/8/26 = 57.31% AVC Goal by mid 20281 -
Great progress must be amazing to be so closeNurse striving for financial freedom1
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Yes MFW, I can see the end of the long tunnel is approaching.
Let's see how much progress I can make in 2022!Became mortgage free 1st March 20231 -
The inflation is begining to hit, everything seems so expensive now & I'm having to watch every single penny.
Still managing (just about) to reach the "£500 extra" every month but what we're seeing on the news about inflation is very, very real.
Anyone else struggling to hit their monthly overpayment target?Became mortgage free 1st March 20231
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