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2019 Mortgage-Free Wannabes

edited 5 January 2019 at 9:31AM in Mortgage-Free Wannabe
1.7K replies 95.6K views


  • varforvarfor Forumite
    39 posts
    Third Anniversary 10 Posts Photogenic
    #118 here for Feb update. Wife and I have just done our budget for the month and have sent a £500 overpayment. That's probably it for this month!

    Feb total: £500
    2019 total: £1000/£4000
    2019 MFW #118: 9474/4000
    2020 MFW #112: 1486.79/2500
    96000 away from mortgage neutral

  • inigmainigma Forumite
    142 posts
    Tenth Anniversary 100 Posts Combo Breaker Debt-free and Proud!
    #71 here, a good month for me, more than I expected, £4,056.00 :)
    Original mortgage free date 01/09/2036
    Current mortgage free date 01/09/2023
    Dream mortgage free date 01/09/2021
  • iquitiquit Forumite
    1.9K posts
    Good morning all

    No.109 with January OP £3500.00 and February OP £3500.00
    2019 MFW No. 74 £13700/£30000 (45.66%)
    12k in 2018 No. 98 £6274.19/£18000 (34.85%)

    BTL (start) £97440.00 (current) £68000.00
    Residential (start) £275000.00 (current) £268000.00
  • Morning! Slightly late to report, but number 131 reporting another payment of £275 for Jan:
    January total £1050

    Hopefully a bit more in feb!
  • f0xh0lesf0xh0les Forumite
    3.4K posts
    Sixth Anniversary 1,000 Posts Photogenic Name Dropper
    MrsMouse wrote: »
    Quick question: given interest is usually charged daily on what we owe on our mortgages, is it better to transfer small overpayments (eg under £20) straight into the mortgage account or save them up and pay once you hit, say, £100? I used to save up the smaller amounts on a previous mortgage as it felt to be really scrooge-like/scrimping (I can't think of a better description at the moment) to pay in smaller amounts than that. That sounds a bit ridiculous putting typing it out. I mean, who in a bank is going to look at the figures anyway!

    My DH called me a very rude name (very affectionately) when I told him I had just sent an o/p of £1.28 to tidy down the mortgage to a nice round number. Then when the mortgage was under £100k, I printed out all the mortgage overpayments, stuck it in a card with the question, who is a t*** now?:rotfl:
    See, that's the thing with money, it all adds up, and if your interest is calculated daily, as far as I am concerned, the quicker it goes in, the quicker it comes down. Each to his own, but mine goes in as soon as I have it, even if it is a piddly little amount to some.
    MFW#65 7/20 £91,490.26
    E/F £14,000
    Turtle # 4 🐢🐢🐢🐢🐢🐢🐢🐢🐢🐢🐢🐢🐢
  • f0xh0lesf0xh0les Forumite
    3.4K posts
    Sixth Anniversary 1,000 Posts Photogenic Name Dropper
    Announcing my piddly little amount for February!
    £106.95 for #65
    MFW#65 7/20 £91,490.26
    E/F £14,000
    Turtle # 4 🐢🐢🐢🐢🐢🐢🐢🐢🐢🐢🐢🐢🐢
  • SchoolworkerSchoolworker Forumite
    409 posts
    100 Posts Third Anniversary
    No 72 reporting in of £70 for February overpayment. Not sure if this is it we will see later in the month of I can make more overpayments.
  • utopiahutopiah Forumite
    306 posts
    Part of the Furniture 100 Posts Combo Breaker Mortgage-free Glee!
    #43 overpayment of £700 for february
    Mortgage free 25/9/2019 8years and 7 months early 😁😁😁
  • edited 4 February 2019 at 4:37PM
    squirrelgirlsquirrelgirl Forumite
    827 posts
    500 Posts Third Anniversary Name Dropper Mortgage-free Glee!
    edited 4 February 2019 at 4:37PM
    Sorry I've been awol for a few weeks!

    No 76 - Jan total £389; Feb to date £300

    There will be a bit more in Feb but not until later in the month....

    If you need to change my number for the spreadsheet, feel free! ;)
    MFW 2019 No. 58 - DONE - MF as of 21/11/19 :j
  • julicornjulicorn Forumite
    1.2K posts
    1,000 Posts Second Anniversary Name Dropper Photogenic
    If you need to change my number for the spreadsheet, feel free! ;)

    Thanks squirrelgirl, I've bumped you up a tad to #58 now :)
    Original mortgage: December 2017, £203,495
    MFW start: April 2018, £201,800
    Current: £131,000 (-£1,450 overpayment savings pot)
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