We’d like to remind Forumites to please avoid political debate on the Forum.

This is to keep it a safe and useful space for MoneySaving discussions. Threads that are – or become – political in nature may be removed in line with the Forum’s rules. Thank you for your understanding.

The MSE Forum Team would like to wish you all a very Happy New Year. However, we know this time of year can be difficult for some. If you're struggling during the festive period, here's a list of organisations that might be able to help
📨 Have you signed up to the Forum's new Email Digest yet? Get a selection of trending threads sent straight to your inbox daily, weekly or monthly!
Has MSE helped you to save or reclaim money this year? Share your 2025 MoneySaving success stories!

2018 Mortgage-Free Wannabes

1135136137139141

Comments

  • Poppycat1
    Poppycat1 Posts: 381 Forumite
    Part of the Furniture 100 Posts Photogenic Name Dropper
    Number 25 declaring last figures for 2018.

    Added an extra £150 in November making £2,250.00.
    December overpayment totalled £1,050.00

    Total overpayment for 2018 £11,249.90.

    It would of been it bit more but I thought my 10% overpayment amount ended on the 1 year anniversary of getting the mortgage. It seems it's 31st December.
    £60,000 left to pay
    Currently 12.4 years left
    Target June 2031
  • #166 declaring £1250 for 2018 going to have to up my efforts this year!
    No more toys til Xmas 2022 , mfw 2023 challenge , Trying to not waste food , time or money and appreciate the moment more!
  • Simon1999
    Simon1999 Posts: 14 Forumite
    Seventh Anniversary Combo Breaker
    #13 reporting for my final O/P for December 2018.
    It was a tough month and could only manage £235.22.

    Thank you.
  • pawlala
    pawlala Posts: 1,436 Forumite
    Part of the Furniture 1,000 Posts Name Dropper
    bit_by_bit wrote: »
    #164 final overpayment for 2018 is £145 which brings my overpayment total to £1555.17/£3200
    spreadsheet says final total is £1180.34, let me know what changes are required to match your total :)
  • pawlala
    pawlala Posts: 1,436 Forumite
    Part of the Furniture 1,000 Posts Name Dropper
    Sorry for the lack of updates!


    #155 declaring a total for the year of £16,050.25


    Now most of this is "virtual" overpayment stashed away in higher interest accounts. Actual overpayments breaks down as:


    January £170.05
    February £170.05
    March £170.05
    November £270.05
    December £270.05


    Plus we have an overpayment pot of £15,000. I hope this counts. Way exceeded our target of £6,000 so well chuffed.
    I've put your OPpot in pride of place in July! :D
  • pawlala
    pawlala Posts: 1,436 Forumite
    Part of the Furniture 1,000 Posts Name Dropper
    edited 3 January 2019 at 6:25PM
    Pleased to announce we smashed £750k for 2018

    Running total is:

    £763,973.25
    :T:T:T:T:A:A:cool::cool::D:cool::cool::A:A:T:T:T:T:T
  • jackieblack
    jackieblack Posts: 10,599 Forumite
    Part of the Furniture 10,000 Posts Name Dropper Photogenic
    pawlala wrote: »
    Pleased to announce we smashed £750k for 2018

    Running total is:

    £763,973.25
    :T:T:T:T:A:A:cool::cool::D:cool::cool::A:A:T:T:T:T:T
    Well done everyone! :T :T


    And many thanks hiddenshadow and pawlala for keeping the spreadsheet updated and everyone on the straight and narrow! :beer:
    Everything will be alright in the end so, if it’s not yet alright, it means it’s not yet the end
    Quidquid Latine dictum sit altum videtur
  • pawlala wrote: »
    Pleased to announce we smashed £750k for 2018

    Running total is:

    £763,973.25
    :T:T:T:T:A:A:cool::cool::D:cool::cool::A:A:T:T:T:T:T


    Absolutely amazing everyone! So inspiring! Thanks for running the thread :)
    "Everything comes to him who hustles while he waits" Thomas Edison
    Following the Martin mantra "Earn more, have less debt, improve credit worthiness" :money:
  • #168 - reporting end of year amount - £6,000 offset! Yay :j:j

    Got locked out of my account so Poorlittletightgirl is now Bargainhunter30!

    Well done everyone :beer:
    Mortgage start date Nov 2014  - £90,545 over 25 years
    Re-mortgage Oct 2017 - 78,295 over 23 years
    Re-mortgage Jan 2020 - 55,000 over 26 years @ 1.94%
    Current Mortgage Outstanding Middle December 2020 - £
    47893.35 - a reduction of £42,652 in just over 6 years!  


  • #27 Last and Final O/p for December, and 2018 and for ever ;)

    £181.85:)

    I am now officially MF :j as from 21.12.18 :dance:

    Thank you, Thank you, Thank you, this thread has been a massive help and focus for me
    in reaching my goal.
    Always have 00.00 at the end of your mortgage and one day it will all be 0's :dance:
    MF[STRIKE] March 2030[/STRIKE] Yes that does say 2030 :eek: Mortgage Free 21.12.18 _party_
    Now a Part Timer from 27.10.19
This discussion has been closed.
Meet your Ambassadors

🚀 Getting Started

Hi new member!

Our Getting Started Guide will help you get the most out of the Forum

Categories

  • All Categories
  • 353K Banking & Borrowing
  • 253.9K Reduce Debt & Boost Income
  • 454.8K Spending & Discounts
  • 246K Work, Benefits & Business
  • 602.1K Mortgages, Homes & Bills
  • 177.8K Life & Family
  • 260K Travel & Transport
  • 1.5M Hobbies & Leisure
  • 16K Discuss & Feedback
  • 37.7K Read-Only Boards

Is this how you want to be seen?

We see you are using a default avatar. It takes only a few seconds to pick a picture.