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Mortgage free as of 2 days ago.
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Jaffa_cake
Posts: 97 Forumite
Well of 2 days ago, we are officially M.F.
Done
We took a 5 year mortgage from Nationwide, with unlimited over-payments.
The standard monthly payback was around £750 a month.
But with us both full time working, we were normally paying back more than £2000 a month.
Some months even more than £3000.
All our spare money in fact went to the Nationwide.
We hammered it, and it was worth it.
We took it out in January 2015, so took 2 years 10 month.
It was difficult, but it's done now.
Done
We took a 5 year mortgage from Nationwide, with unlimited over-payments.
The standard monthly payback was around £750 a month.
But with us both full time working, we were normally paying back more than £2000 a month.
Some months even more than £3000.
All our spare money in fact went to the Nationwide.
We hammered it, and it was worth it.
We took it out in January 2015, so took 2 years 10 month.
It was difficult, but it's done now.
0
Comments
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Congratulations!
What have you got planned now you're free?0 -
Jaffa_cake wrote: »Well of 2 days ago, we are officially M.F.
Done
We took a 5 year mortgage from Nationwide, with unlimited over-payments.
The standard monthly payback was around £750 a month.
But with us both full time working, we were normally paying back more than £2000 a month.
Some months even more than £3000.
All our spare money in fact went to the Nationwide.
We hammered it, and it was worth it.
We took it out in January 2015, so took 2 years 10 month.
It was difficult, but it's done now.
Congrats, I bet it's a great feeling. What do you plan to do with the spare cash?0 -
WOW that is amazing! Well done x:beer::j0
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Amazing. !
Now you can live everyday knowing you will forever have a roof over your head. (providing you don't get into Debts you can't afford xx
Good luck ans best wishes on your new mf life xJune 17 £16,000 debt ~ nov 18 DEBT FREE •June 21 £16,308 debt / july 22 debt free •Original mortgage free date 01/06/2059 current mortgage free date 01/05/20460 -
Well done! We did similar and worked really hard to use every spare penny to pay off mortgage. It is an amazing feeling!!!!Now Mrs FrugalinShropshire:T Proud to be mortgage and debt free:j0
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Well done! We paid ours off a couple of weeks ago, took us 10 years out of the 25 year term, made massive overpayments. Now deciding where to put our future savings, plus we'll be having more holidays every year!0
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Thank you to all.
Hard work, but certainly worth it.
Knowing we always have some where to live.
JC0 -
Well done Jaffa Cake. I am MF too as of this Summer. I still have £3,500 of debt to pay but yes it is a great feeling. i can stop worrying I might lose the house and end up as a homeless bag lady If you have built castles in the air, your work should not be lost; that is where they should be. Now put the foundations under them
Emergency fund 0/1000
Buffer fund 0/100
Debt March -1,119 (April) -889 (April) -498 (April) -378 (May) -875 July (190)0 -
Well done, we are just waiting for early redemption fees to end next Spring and then will also pay off mortgage...fantastic feeling.0
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