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MF by 40!
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Nothing major to report- in non MSE news I purchased a monthly sports Viewing pass but have made a lot of Use of it with cricket and darts to watch.I won £15 on a darts bet (recreational, not side hussle or problematic habit!) so rounded up to a £20 O/P! 5 days to payday 🥳Cleared 25k from mortgage in 4 years - now I need to do it again!
Dec 2020 Balance: £127,000
Dec 2021: Balance £121,5001 -
So we made it to payday 🥳 and I completed shielding 🤯 went for a meal last night and it was amazing.Normal mortgage payment came out and leaves me at £87,358.46. It’s going to be a long month with plenty of expenses so I’m not committing to major OPs but priority is clear up that balance to nice round figure 😂
xCleared 25k from mortgage in 4 years - now I need to do it again!
Dec 2020 Balance: £127,000
Dec 2021: Balance £121,5001 -
Great news on both payday & an end to shielding.Glad that you enjoyed your meal.I am a Forum Ambassador and I support the Forum Team on Mortgage Free Wannabe & Local Money Saving Scotland & Disability Money Matters. If you need any help on those boards, do let me know.Please note that Ambassadors are not moderators. Any post you spot in breach of the Forum Rules should be reported via the report button , or by emailing forumteam@moneysavingexpert.com. All views are my own & not the official line of Money Saving Expert.
Lou~ Debt free Wanabe No 55 DF 03/14.**Credit card debt free 30/06/10~** MFW. Finally mortgage free O2/ 2021****
"A large income is the best recipe for happiness I ever heard of" Jane Austen in Mansfield Park.
***Fall down seven times,stand up eight*** in ~~Japanese proverb. ***Keep plodding*** Out of debt, out of danger.
One debt remaining. Home improvement loan.[/b] [11 months left.[/b]1 -
Thank you @beanielou and thank you for stopping by as always 😊beanielou said:Great news on both payday & an end to shielding.Glad that you enjoyed your meal.
xCleared 25k from mortgage in 4 years - now I need to do it again!
Dec 2020 Balance: £127,000
Dec 2021: Balance £121,5000 -
Well, my resolve lasted 12 hours! 🤦🏻♀️ OP of £58.46 sent today! By my calculations that will take me (briefly by £5) in to the £86k bracket with September payment!
Cleared 25k from mortgage in 4 years - now I need to do it again!
Dec 2020 Balance: £127,000
Dec 2021: Balance £121,5002 -
So, I have another calculation that keeps me motivated; I’m sure you guys already do similar! I subtract my balance from the original loan amount to see how much I’ve paid off. Last nights OP took me to: £24,995 which was excruciating for my brain so another £5 sent; my balance will now be an odd number but incredibly satisfying to hit £25k cleared in 4 years!
That also takes me to 60% LTV 🥳Cleared 25k from mortgage in 4 years - now I need to do it again!
Dec 2020 Balance: £127,000
Dec 2021: Balance £121,5002 -
That's really good news! I'm the same with calculating how much we've paid off and what equity we currently have in the house - I base this on the purchase price and what the lower end of the estimate from Zoopla is so I can get a rough idea for if and when we come to sell.Emergency Fund - £8572.39 / £10,000 :: Mortgage OP 2026 -£35,000 £LISA 26/27 - £1767 / £4000 :: NSD 2026 - 3 / 150 :: Books Read: 48 / 52 :: Decluttering - 1 / 365Engaged 9th December 2010 :: Married 29th October 2015 :: Bought a House 13th January 20171
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That's great
I am a Forum Ambassador and I support the Forum Team on Mortgage Free Wannabe & Local Money Saving Scotland & Disability Money Matters. If you need any help on those boards, do let me know.Please note that Ambassadors are not moderators. Any post you spot in breach of the Forum Rules should be reported via the report button , or by emailing forumteam@moneysavingexpert.com. All views are my own & not the official line of Money Saving Expert.
Lou~ Debt free Wanabe No 55 DF 03/14.**Credit card debt free 30/06/10~** MFW. Finally mortgage free O2/ 2021****
"A large income is the best recipe for happiness I ever heard of" Jane Austen in Mansfield Park.
***Fall down seven times,stand up eight*** in ~~Japanese proverb. ***Keep plodding*** Out of debt, out of danger.
One debt remaining. Home improvement loan.[/b] [11 months left.[/b]1 -
So amazing to see my OH after 5 months of shielding separately! Very MSE as he is a chef so cooked amazing spaghetti Bolognese (makes my shocking food habits even more cringe!)
In decidedly non MSE news I have contacted a broker regarding affordability for a bungalow which would mean an increase in mortgage debt!
I’m not desperate to leave the flat I love it, but shielding proved the importance of a garden! My role may also become less location dependent so I have less need to be near the city centre!
The asking price would be a real stretch but no harm in putting feelers out!
To be honest, not expecting to be able to afford it but it will at least give me more incentive to build equity!Cleared 25k from mortgage in 4 years - now I need to do it again!
Dec 2020 Balance: £127,000
Dec 2021: Balance £121,5001 -
Glad shielding is over for you now. You sound like you have a lovely support network.
You have done really wellwith the overpayments and each 1000 bracket must feel amazing at this point. Good luck with the bungalow, you never know and you are putting yourself constantly closer by making the OPs.Mortgage Aug 2019 161,000 :eek::eek::eek:Nov 2019 156,500:T Jan 2020 153,122:T, Apr 2020 149,500, Apr2021 139, 675, Oct 2021 136,823, Dec 2021 136,120🙂EF 0/12,000 (0%)😕 (5062.44 was ERC), Jan 2023 128,650. Our Mortgage is never going to be as high as it is today. :jOnwards and downwards to a better life for our family. :jJust keep swimming2
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