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Mortgage Free in 18mths or less!

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  • All done and dusted, payment made this morning to clear the last of it, 2020 will have at least one good memory for us.
  • andys15
    andys15 Posts: 1,102 Forumite
    Part of the Furniture 500 Posts Name Dropper Combo Breaker
    That’s great. I am free in about 8 months. What happens now then?  Did you have to pay to get the deeds. Did you finish during a fixed period. I will be doing. Any costs involved there. ( I can make unlimited overpayments without penalty). 
    Debt free. March 2020
    Mortgage free-August 2021
    Planned retirement date- 19/5/2026
    £29500 saved. Target £420000(19/05/2026)
  • no we got ported to Nationwides  standard tracker when we finished our deal , so no ERC costs and unlimited overpayments and also drawdown if needed, deeds sent without charge if needed (we have a copy anyhow)
  • Well done Northernsaver, great end to 2020! Enjoy!
    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!  


  • Congratulations! 
    Small OPs are better than no OPs
    Start date - Feb 2018 £231,000 / Apr 2042
    July 2025 £116,950 / Dec 2025
    MFW #60…. Back in for 2025!
  • caeler
    caeler Posts: 2,638 Forumite
    Part of the Furniture 1,000 Posts Mortgage-free Glee! Photogenic
    Congratulations!! @Northernsaver18
  • A great way to end a terrible year.
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