📨 Have you signed up to the Forum's new Email Digest yet? Get a selection of trending threads sent straight to your inbox daily, weekly or monthly!

2020 Mortgage-Free Wannabes

Options
1171172174176177183

Comments

  • Roxie
    Roxie Posts: 635 Forumite
    Part of the Furniture 500 Posts Name Dropper Photogenic
    No: 33 with OP of £200. YTD £4600.  I’ve thrown an extra £100 at it this month which I didn’t really want to do, but it takes  me over my target and more importantly for me it breaks through my next £5k threshold.  I’ll be starting 2021 owing just under £45k 😁  

    Julicorn- Thank you for your hard work keeping us all updated 🙂  Please include me in the 2021 challenge.   

    Everyone - I’ve enjoyed reading your updates and having your company along the way, hope to see you around next year 🙂
    MFW 2021 No: 33 £45000/£45000 Mortgage free @ 11/6/21 🥳
  • Chili81
    Chili81 Posts: 47 Forumite
    Fifth Anniversary 10 Posts Name Dropper
    #76 with OP of £500 for Nov and £600 for December. Target reached  :)
    Thanks Julicorn! 
  • FtbDreaming
    FtbDreaming Posts: 1,127 Forumite
    Fifth Anniversary 1,000 Posts Name Dropper
    Hi I don’t think I’ve kept up to date with the thread sorry. Here are my payments for 2020
    December £62.30

    November £29.35 

    October £80.91 

    Sep £400.57 

    August £150 

    total for 2020 £723.13

    I am disappointed that I didn’t reach my goal. It wasn’t unrealistic but then I went and fooked up my job.... I’m hoping to get back to work this week and back onto the overpayments next year! I think it’s just been a rubbish year all round so I can’t wait for 2021! 

    Mortgage started August 2020 £69,700
    Mortgage ends Aug 2050 MFW: Aug 2027 
    Current Balance: £58,678
    MFW2020 #156 £723.13
    MFW2021 #26 £1184.71
    MFW2022 #11 £197.87
    MFW2023 £785
    MFW 2024 £528.15

    Determined to make it! 
  • danby22
    danby22 Posts: 78 Forumite
    Part of the Furniture 10 Posts Name Dropper
    Bit of a late update for November.  #117 managed to put in £950 towards the month of November.
    Thanks Julicorn!

  • Hi Julicorn
    #11 reporting £1145 for December 
    Im not going to make any further overpayments so it’s £14560/£15000 for the year for me-very pleased
    thanks for the motivation
    lis

    #11 MFW 2020 :£14560/£15000
    MFW 2019 :£10327, MFW 2018:£6676 , MFW 2017:£6664
    Original MF date June 31/Target MF September 21
    I can do it!
  • Sistergold
    Sistergold Posts: 2,135 Forumite
    Sixth Anniversary 1,000 Posts Name Dropper Photogenic
    edited 6 December 2020 at 11:35PM
    Hello everyone 
    Mfw#136 reporting OP for December of £105. 
    Thank you everyone for your encouraging posts. Thank you Julicorn for keeping all of us updated! Also please count me in for next year and I would love it if you could allocate me a smaller mfw number if possible. 
    Xx
    Initial mortgage bal £487.5k, current £258k, target £243,750(halfway!)
    Mortgage start date first week of July 2019,
    Mortgage term 23yrs(end of June 2042🙇🏽♀️), 
    Target is to pay it off in 10years(by 2030🥳). 
    MFW#10 (2022/23 mfw#34)(2021 mfw#47)(2020 mfw#136)
    £12K in 2021 #54 (in 2020 #148)
    MFiT-T6#27
    To save £100K in 48months start 01/07/2020 Achieved 30/05/2023 👯♀️
    Am a single mom of 4. 
    Do not wait to buy a property, Buy a property and wait. 🤓
  • Another £10 for me (#93) taking me to £30 for December so far. These are all my account tidy payments. I'll save my bigger overpayment for post Christmas to round up my overall amount for the year.
    Thanks for all the updates. 👍🏻
    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
  • Ellie78
    Ellie78 Posts: 195 Forumite
    Third Anniversary 100 Posts Photogenic Name Dropper
    #31 with another OP for December of £300.   Was too impatient to get into the 26's!   OP total for December £920.72
    Mortgage - £23,500 remaining
    MFW2021 #8 - £2,519.77/£3,000
    Overpayments: 2020 - £4,722.83 / 2019 - £16,042.00
  • lindez
    lindez Posts: 643 Forumite
    Sixth Anniversary 500 Posts
    Well done all for 2020 over payments  :)
    Julicorn can you put me down for 2021 my number is #2 my target will be 5000 thank you x
    MFWB#2
    MFTT5 #28
    Save 12k 2020 #111
  • Hi there,
    Reporting our final OP for this challenge.
    £192 for December which brings us right in on target, something of a surprise given how far behind we were a few months ago.
    Much appreciation goes to Julicorn for the consistent and magnanimous support.
    Happy Christmas fellow MFWs. See you on the other side.
    MIB x
    MFW2020 #5 £2,000/2,000 MFW2021 #5 £1,850/3,500MFW2022 #5 £3.001/3,000Sep'12 £233,750 Jan'15 £222,329 Dec’21 £139,584 MFiT T4 #24 £48k/£34k MFiT T5 #24 £22,186/£41k MFiT T6 #24 £4,700/£29k
Meet your Ambassadors

🚀 Getting Started

Hi new member!

Our Getting Started Guide will help you get the most out of the Forum

Categories

  • All Categories
  • 351.2K Banking & Borrowing
  • 253.2K Reduce Debt & Boost Income
  • 453.7K Spending & Discounts
  • 244.2K Work, Benefits & Business
  • 599.3K Mortgages, Homes & Bills
  • 177.1K Life & Family
  • 257.7K Travel & Transport
  • 1.5M Hobbies & Leisure
  • 16.2K Discuss & Feedback
  • 37.6K Read-Only Boards

Is this how you want to be seen?

We see you are using a default avatar. It takes only a few seconds to pick a picture.