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2020 Mortgage-Free Wannabes

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  • Congratulations Bake-a-cake on paying off your mortgage :) ! Hope things improve for you
    Mortgage free as of March '25!
    £240,000 paid off in 4 years, 8 months and 18 days (July '20-Mar '25)
    Mortgage paid off 19 years early.

    2025 MFW #40

    2025 Goals

    Pay off mortgage of £55k for good! - £55k/£55k paid - mortgage free!!!
    Keep emergency fund at £10k - £10k/£10k - goal met!
    Lose 12 kgs - 3/12 kgs lost so far
    Try 1 new activity/experience as a family each month - 0/12 new activities/experiences tried
    Decluttering - declutter 500 items from house and outbuildings - 136/500 items so far
  • #93 with another £10 for August because, well, account tidying! ;)
    That's £210 for the month now.
    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
  • Elvie100
    Elvie100 Posts: 110 Forumite
    Tenth Anniversary 100 Posts Name Dropper
    Hello there

    #60 reporting an overpayment of £526.94 for August.  Decided to add an extra £100 this month.

    Thanks

    L
    Was MFW#60 - mortgage paid off December 2021
  • Suffolk_lass
    Suffolk_lass Posts: 10,318 Forumite
    Part of the Furniture 10,000 Posts Name Dropper Photogenic
    ElmoR said:
    No 45 checking in with a whooper overpayment of £2148.37 for July. The pennies took us under the £10,000 :D  Yes, I'm one of those who stands at the petrol pump to try to round up to a x.00 as well.
    Thanks julicorn
    ElmoR x
    B)  You're in good company on this thread. I used to do that with my mortgage account but the lag in the BS updating and the adjustment in interest always meant it was a fail. So now I just do it with the fuel pump (I might be able to remember how to use that, having bought fuel once since March) and the C/As!
    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
  • #13 reporting in for August. OP of £1,101
    Thanks Julicorn for all the hard work.
    MM
    x
    Mortgage 1 - 01/2/2015 - £243,750 ; Mortgage 01/11/2024 - £132,576.55
    Mortgage 2 - 2019 - £76,600 ; Mortgage 01/10/2024 - £47,763.29
    MFit-T5 - reduce to £140,000 MFiT-T6 - reduce to £110,000

    01/10/2024 Daily Interest - M1 = £18.27 (!!); M2 = £7.41

    Debt at highest point in 24 -£21,344
    Debt 1st November 24 - £16,192.18 24% paid. Focusing on this in earnest!!!
  • greent
    greent Posts: 10,787 Forumite
    Part of the Furniture 10,000 Posts Name Dropper Photogenic
    #18 reporting in with July's OP of £584.64 - thank you :)

    Slowing right down down - we've decided to sell teh BTL, so no real OPs likely going forward until we sell it and clear the whole thing...
    I am the master of my fate; I am the captain of my soul
    Repaid mtge early (orig 11/25) 01/09 £124616 01/11 £89873 01/13 £52546 01/15 £12133 07/15 £NIL
    Net sales 2024: £20
  • #148 reporting £600 OP please, @julicorn sorry I had a PC issue, could you let me know my total you have please if you get a moment? Many Thanks
    Aug 24 - Mortgage Balance £242,040.19
    Credit Card - £8,141.63 + £4,209.83
    Goals: Mortgage Free by 2035, Give up full time work once Mortgage Free, Ensure I have a pension income of £20k per year from 2035

  • Sandyra
    Sandyra Posts: 293 Forumite
    Tenth Anniversary 100 Posts Name Dropper Cashback Cashier
    Morning #32 here. :) £578.39 + £20.03 Tilly Tidy. £598.42 OP for August.
    Total so far £8,169.02 I believe. 
    Thanks for updating julicorn x

    MFW 2025 #32 £4,926.23/£3,000; MFW 2024 #32 £4,217.84/£3,000; MFW 2023 #32 £5,238.84/£4,000; MFW 2022 #32 £8,246.43/£8,000; MFW 2021 #32 £8,982.73/£8,000; MFW 2020 #32 £12,000/£6,000

    Save £12k in 2025 #48 £11,200/£14,000; Save £12k in 2024 #26 £13,055.37/£6,000; Save £12k in 2023 #31 £11,500/£6,000; Save £12k in 2022 #32 £7,180.24/£7,000; Save £12k in 2021 #32 £9,500/£8,000; Save £12k in 2020 #147 £9,370/£8,000

  • Hetta
    Hetta Posts: 17 Forumite
    Fourth Anniversary 10 Posts Name Dropper
    Morning all, #141 with an OP of £900.30 for the month of August.
    Thanks for updating as always @julicorn. :smile:
    Have a good week all. 
    MFW 2022 #38 - £1389.05 / £15000
    MFit-T6 #18 
    Mortgage (30yrs): Feb 2019: £280k, May 2020: £267k, Jan 2022: £311k
    Goal: Mortgage free in 15 years – 2035
  • pawlala
    pawlala Posts: 1,432 Forumite
    Part of the Furniture 1,000 Posts Name Dropper
    #22 reporting total overpayments for July came to £160.38
    Thanks and have a great week everyone!  :D
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