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2020 Mortgage-Free Wannabes
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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 > £2.642 -
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.2 -
#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.4 -
#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: £71,000.002 -
#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 here3 -
#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 - £16,042.002 -
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 2030.3 -
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.2 -
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.213 -
#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.2
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