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2020 Mortgage-Free Wannabes

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Comments

  • First overpayment of July: £15 from tidying up my accounts. (#93). Thanks for updating. 😊
    Original mortgage total: £140,000.00 (July 2015) Original mortgage end date: June 2040
    Mortgage free start date: 16th October 2018 Mortgage total at this point: £132,829.12
    Current mortgage total: £54,762.71 Current mortgage end date: June 2032 Daily interest: £7.59 > £2.64
  • MFW #149
    Another £120 for June.  That's a total of £155 for June.  Also £21.15 so far for July.  That's a total of £21.15 for July.  Thanks for updating.
  • Qtipps44
    Qtipps44 Posts: 88 Forumite
    Fourth Anniversary 10 Posts Mortgage-free Glee!
    #61 first payment for July of £44.11 

    we are now in 60ks just. Delighted and seems to have happened so quickly. Would love to reach the 50ks end of next year. I need to remind myself all this has been possible by reduced outgoings during lockdown, full time temp work for myself(usually part time) and husband having seasonal work for summer. Seeing light at end of tunnel with reduced interest each month now below £100 though but need to find balance.

    thanks for updating.
  • bb_queen_
    bb_queen_ Posts: 14 Forumite
    10 Posts

    #142

    Logging my OP for July of £489.41. Don't think I'll be able to put anymore aside this month, but will just have to wait and see what comes my way. Fingers crossed win lotto and can pay morgage off in one go (have to enter 1st though):p 

    Thanks as always Julicorn


    Original Mortgage (August 2017): £105,000 - 20 year term
    Current Balance: £71,000.00

  • Suffolk_lass
    Suffolk_lass Posts: 10,324 Forumite
    Part of the Furniture 10,000 Posts Name Dropper Photogenic
    #37 reporting my regular overpayment of £95.38 for July thanks.
    Save £12k in 2025 #2 I am at £4863.32 out of £6000 after May (81.05%)
    OS Grocery Challenge in 2025 I am at £1286.68/£3000 or 42.89% of my annual spend so far
    I also Reverse Meal Plan on that thread and grow much of our own premium price fruit and veg, joining in on the Grow your own thread
    My new diary is here
  • Ellie78
    Ellie78 Posts: 195 Forumite
    Third Anniversary 100 Posts Photogenic Name Dropper
    #31 checking in with first OP for July of £27.32 from bank account interest, rounded up to end my balance in 00's.
    Mortgage - £23,500 remaining
    MFW2021 #8 - £2,519.77/£3,000
    Overpayments: 2020 - £4,722.83 / 2019 - £16,042.00
  • beadyeyes19
    beadyeyes19 Posts: 24 Forumite
    Third Anniversary 10 Posts Name Dropper
    Checking in for July

    MFW #147 made regular overpayment of £250. Waiting for mortgage statement to update signature as first 12 months of this mortgage has now passed.
    Initial 2 year fixed Mortgage (July 2019): £158,747 over 18 years. Overpaid £14,250 in Year 1, £13,400 in Year 2. Total mortgage reduced by £40,790 in 2 years. 

    New Mortgage (five year fix at 1.81%): June 2021
    Current Balance (01/06/2021): £117,957 over 14 years. Total overpayment in 2021 of £13,850. Lapsed tracking! Total Owing November 2022: £100,513. February 2023: £97,535. April 2023: £88,739. July 2023: £87,481. August 2023: £85,512. November 2023: £83,053. 

    Original End date: June 2039. Now June 2035. *GOAL* Mortgage Free by 2030.


  • Urbanshyne
    Urbanshyne Posts: 105 Forumite
    Seventh Anniversary 100 Posts Name Dropper
    Hi all, 
    Number 28 with July's payment of £2007.67.
    Thanks Julicorn. 
    Neither a borrower or lender be; for loan oft loses both itself and friend.
  • kevdawn
    kevdawn Posts: 23 Forumite
    Part of the Furniture 10 Posts Combo Breaker
    Hi,
    Overpayment for July of £400 please #89. That rounds it nicely to the next 1000!
    D :j:j#58 2021 Mortgage-free wannabesRemaining mortgage £23,657.00. MFD hopefully Dec.21
  • skippie
    skippie Posts: 91 Forumite
    Part of the Furniture 10 Posts Name Dropper Combo Breaker
    edited 3 July 2020 at 9:06PM
    #144 checking in- Long time without checking in- things have been a little crazy for everyone since I last checked in! Lockdown has been positive in respect of reducing unnecessary expenditure and my overpayments are:
    April £5536
    May £1436
    June £1281

    Thanks!
    Original 35 year mortgage: January 2016, £306,000
    January 2022 : £198,000 (£30k saving pot split equally between cash and alternative investments)

    January 2022: 2x £3k child ISA.
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