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Home stetch

I am feeling quite chuffed and you guys will understand.

We have just completed on our last 2yr fix, so all being well we will be mortgage free Dec 2019,

almost 16yrs early.

Even had a little celebration at home with a bottle of Prosecco and slice of cake.
Mortgage
June 2011 £145,943.13
Dec 16 £74,537; Feb
Aug 17 £59,399.96
Nov 19 £0.00

Comments

  • Superb news! I put in for my final 5year fix yesterday (was tied in until then so couldn't do it earlier) but haven't had confirmation of it yet.
  • themadvix
    themadvix Posts: 9,503 Forumite
    Part of the Furniture 1,000 Posts Mortgage-free Glee! Photogenic
    That must be so exciting! :D
    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


  • obay
    obay Posts: 570 Forumite
    16 years early? How much was the outstanding balance? And how much was you throwing at it per month?
    [STRIKE]1/12/16 - £152,599.00 [/STRIKE]
    [STRIKE]11/11/17 - £145,990.00 [/STRIKE] <> Overpaid £3916.
    11/11/18 - £142,074.00
    Barclays Car (5.99%)£0/£8,832.37
  • beanielou
    beanielou Posts: 99,005 Ambassador
    Part of the Furniture 10,000 Posts Academoney Grad Mortgage-free Glee!
    Great result!
    I am a Forum Ambassador and I support the Forum Team on Mortgage Free Wannabe & Local Money Saving Scotland & Disability Money Matters. If you need any help on those boards, do let me know.Please note that Ambassadors are not moderators. Any post you spot in breach of the Forum Rules should be reported via the report button , or by emailing forumteam@moneysavingexpert.com. All views are my own & not the official line of Money Saving Expert.

    Lou~ Debt free Wanabe No 55 DF 03/14.**Credit card debt free 30/06/10~** MFW. Finally mortgage free O2/ 2021****
    "A large income is the best recipe for happiness I ever heard of" Jane Austen in Mansfield Park.

    ***Fall down seven times,stand up eight*** in ~~Japanese proverb.
    ***Keep plodding*** Out of debt, out of danger.
    One debt remaining. Home improvement loan. 19months left.
  • genieuk
    genieuk Posts: 341 Forumite
    Part of the Furniture 100 Posts Combo Breaker Mortgage-free Glee!
    themadvix

    I was giddy with excitement is that silly lol.


    Obay

    we have just over £56k left have reduced the term to 5yrs but will be oping £500 and have two regular savers that will mature adding to the pot.

    Still keeping our emergency funds topped up.

    With the new fix we can op as much as we want penalty free which was a massive draw.

    We have been fortunate in some respects OH is on a decent wage I work p/t but get plenty of overtime to bump up my salary.

    Each time we have remortgaged we have also been able to pay off a small lump sump helped by sad to say some inheritance.
    Mortgage
    June 2011 £145,943.13
    Dec 16 £74,537; Feb
    Aug 17 £59,399.96
    Nov 19 £0.00
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