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Lumiona's MFW Diary
Comments
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May 2026 update:
Mortgage Balance
£100,017
Mortgage Savings
£64,119
Net Owed
£35,898
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So we have 6 months left on our mortgage. We have all the cash to repay the full balance now, however £30k is stoozed 0% credit card debt that needs paying in stages over the next 18m. We've gone from debt free and repaying our credit card IN FULL over the years to slowly stoozing 0% debt for cash earning 4%+, I'm not thrilled about the debt load but I know that it currently working for me and I am earning from it so it seemed worth it for short term pain, I refuse to pay fees or interest charges.
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Mortgage Balance
£98,795
Mortgage Savings
£72,230
Net Owed
£26,565
Getting Close now. Due date is 2nd Jan 2027. I'm currently working through the practicalities of repaying the mortgage in full. I need to draw down all my various savings after Christmas. I have diarised to request my redemption statement on 8th Dec. Interesting to see if I can repay on 2nd Jan, this falls on a Saturday so it may be 4th before I can repay it.
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