2019 Mortgage-Free Wannabes

ChipAway

#101 - Life has a habit of getting in the way so I have had to cut my overpayment down for a bit. Just £100 for May at the moment.

Stimson_180

#129 with an overpayment for May of £150
Little by little..
thanks again.

MoneyMission

Number 39 here reporting for May with an OP of £249.00 please.

Thanks all !!

PS. Totalling inspiring reading of those who've paid off their mortgages! Well done!

f0xh0les

Well done Lincoln-Potter and Freyasmum what a wonderful thing to happen on the same day. Happy Beltane!


#65 checking in with a May overpayment of £100.62 which brings my mortgage debt down to ......


£97,999.99 (because that last penny makes the difference:rotfl:)

Lomcevak

Overpayment of £1,804.03 for May, making £28,971.79 for the year so far and taking me under the £30k mark. Hello, £20k's


Next month my mini-milestone will be £200k repaid - of which slightly over half is overpayments. Amazing to think that if i'd not started on the MFW route, my mortgage would still be over £130k with more than 12 years to run. Instead, 12 more OPs and I'm done


Then, about a month more and i'm effectively mortgage-neutral, as the mortgage will be smaller than free cash in various current or non-ISA savings accounts, and I could pay it off without dipping in to longer-term savings. I won't, mostly because of early-redemption penalties, but also because it would leave me uncomfortably short of emergency funds for a few months, but nice to think that I could...

mmmsnow

Another £493.66 overpay. Hopefully I'll be able to top it up a bit at the end of the month!

weenemo

Huge congratulations to those who have paid their mortgage off. So motivating.
We are on a long term fixed so won't be paying ours off any time soon but the plan is to put in what over payments we can now to get the mortgage down enough to comfortably reduce to our regular payments when other costs rise and incomes reduce (children, house maintenance, part-time working etc). With the view that we can pay it off by the time our fixed term comes to an end. If that makes sense.
Front loading I guess.

Anyway, I hadn't accounted for some income we were due and some reduced outgoings in April so have been able to make more over payments this month than anticipated. Planning work on the kitchen and in the garden in the coming months so may go a little quiet.

Number 76 reporting in with May's over payment of £4864

Bracelovers

Hi,

#69 here, April has not been kind to us financially- we have spent a considerable amount over the last two months on the garden so 0 over payment.

Yet £1500 - hoping May will be better for us! On a plus note we've done most of the jobs so should clear a small one later this month!

[Deleted User]

julicorn wrote: »

Congratulations to you too, [Deleted User]! :j:j:j

Thank you Juliecorn and everyone else for your kind words, they are much appreciated. I will still be reading the thread and watching everyone’s progress and willing you all on to reaching your goals :T xx

Roxie

33 here with May OP of £400 (YTD £2000).

Thanks FM and LP for sharing your news that you became mortgage free this month :T. I can only imagine how good that must feel - helps keep my eye on the prize, even if it is a few years away.