📨 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!

2019 Mortgage-Free Wannabes

13031333536172

Comments

  • I was MFW 121 in 2018. I'd like to keep my number please!

    I have a 2019 target of £6,000
    Original MF Date January 2035. MF Date February 2022
  • julicorn
    julicorn Posts: 2,591 Forumite
    Seventh Anniversary 1,000 Posts Name Dropper Photogenic
    MissLemon wrote: »
    I was MFW 121 in 2018. I'd like to keep my number please!

    I have a 2019 target of £6,000

    That's all logged now. :)


    On that note - anyone from last year who wants to take part again has until the end of this month to let me know they want to keep their number, after that I'll start giving out unclaimed numbers to others :)
  • anna42hmr
    anna42hmr Posts: 2,890 Forumite
    Part of the Furniture 1,000 Posts Name Dropper
    edited 19 January 2019 at 4:22PM
    Hi, number 105 here with my first OP of 2019, my regular op of £215.26 for January please.

    Good Luck everyone on this years challenge.

    Thanks again for running this.
    MFW#105 - 2015 Overpaid £8095 / 2016 Overpaid £6983.24 / 2017 Overpaid £3583.12 / 2018 Overpaid £2583.12 / 2019 Overpaid £2583.12 / 2020 Overpaid £2583.12/ 2021 overpaid £1506.82 /2022 Overpaid £2975.28 / 2023 Overpaid £2677.30 / 2024 Overpaid £2173.61 Total OP since mortgage started in 2015 = £37,286.86 2025 MFW target £1700, payments to date at April 2025 - £1712.07..
  • skye_blue
    skye_blue Posts: 304 Forumite
    Part of the Furniture 100 Posts Name Dropper
    Hi, number 73 here

    Hope you are all ok, thanks for the updates Julicorn

    Please could you add another £100 for this month (Jan £230 total)

    Thanks and good luck with the targets everyone
  • #46 checking in.

    £670 OP at the start of the month.

    That's just enough to keep me on track for the annual challenge. @8.38%.

    I must work out the requirements for the MFiT - T5 target …

    Have a lovely Saturday evening all.... I intend playing around with spreadsheets and bank accounts with a glass of Rose ! :j

    MM
    X
    Mortgage 1 - 01/2/2015 - £243,750 ; Mortgage 01/11/2024 - £132,576.55
    Mortgage 2 - 2019 - £76,600 ; Mortgage 01/10/2024 - £47,763.29
    MFit-T5 - reduce to £140,000 MFiT-T6 - reduce to £110,000

    01/10/2024 Daily Interest - M1 = £18.27 (!!); M2 = £7.41

    Debt at highest point in 24 -£21,344
    Debt 1st November 24 - £16,192.18 24% paid. Focusing on this in earnest!!!
  • lakme
    lakme Posts: 6 Forumite
    Ninth Anniversary First Post Combo Breaker
    Hi,

    I would like to join now that I actually have a mortgage at the start of the year

    My goal for 2019 is €5000. In Jan, I have OP'ed already €1700 but the rest of the year isn't going to be so easy with some renovation and vacation plans...

    Encouraged by this site, I've contacted our bank to see whether the OPs can shorten the term instead of cutting down the monthly payments as it seems to have a huge impact on the overall savings in interest and my plan is definitely to cut down the 23,5 years we're supposed to be tied to this mortgage... Hopefully I will hear from them soon.

    I hope you don't mind that my figures are in €s instead of £s - numbers are still numbers. :)
  • kitjos
    kitjos Posts: 223 Forumite
    Tenth Anniversary 100 Posts Combo Breaker
    Hi Julicorn! Can i please change my target for the year? I put down 15k but it needs to be 10k as i can only OP by 10%.

    Many thanks hun xxx
    "Don't underestimate the value of financial security"


    Wanting to be mortgage free by 45. £155,000 start / £86,880 currently

  • julicorn
    julicorn Posts: 2,591 Forumite
    Seventh Anniversary 1,000 Posts Name Dropper Photogenic
    lakme wrote: »
    Hi,

    I would like to join now that I actually have a mortgage at the start of the year

    My goal for 2019 is €5000. In Jan, I have OP'ed already €1700 but the rest of the year isn't going to be so easy with some renovation and vacation plans...

    Encouraged by this site, I've contacted our bank to see whether the OPs can shorten the term instead of cutting down the monthly payments as it seems to have a huge impact on the overall savings in interest and my plan is definitely to cut down the 23,5 years we're supposed to be tied to this mortgage... Hopefully I will hear from them soon.

    I hope you don't mind that my figures are in €s instead of £s - numbers are still numbers. :)

    Hi lakme, thanks for joining! I'm adding your targets as those amounts in pounds, hope that's not a problem. It avoids constant conversions, and at least the pound and euro aren't too far off a 1:1 conversion anyway. :)
    Also, you're number 156 now :)
    kitjos wrote: »
    Hi Julicorn! Can i please change my target for the year? I put down 15k but it needs to be 10k as i can only OP by 10%.

    Many thanks hun xxx

    That's all changed now, thanks for letting me know :)
  • Karona
    Karona Posts: 20 Forumite
    Fifth Anniversary Combo Breaker Car Insurance Carver! Home Insurance Hacker!
    Hi no#3 here OP of £200 for January please
    LBM 2015 24500 debt paid off since.
    M-FIT T5 no 41 starting 25139 aim to clear now 17k
    PAID OFF CAR 8k, OD 3k, CC(1)3k ,CC (2)4.5, Cc (3) 3k STORECARD(1) 3k
    WEIGHT 7/42
  • lakme
    lakme Posts: 6 Forumite
    Ninth Anniversary First Post Combo Breaker
    julicorn wrote: »
    Hi lakme, thanks for joining! I'm adding your targets as those amounts in pounds, hope that's not a problem. It avoids constant conversions, and at least the pound and euro aren't too far off a 1:1 conversion anyway. :)
    Also, you're number 156 now :)

    Thank you julicorn! Pounds work more than fine for me, I keep thinking they're close enough anyway. Thank you for the number :)
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
  • 351.3K Banking & Borrowing
  • 253.2K Reduce Debt & Boost Income
  • 453.7K Spending & Discounts
  • 244.2K Work, Benefits & Business
  • 599.4K Mortgages, Homes & Bills
  • 177.1K Life & Family
  • 257.7K Travel & Transport
  • 1.5M Hobbies & Leisure
  • 16.2K Discuss & Feedback
  • 37.6K 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.