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2020 Mortgage-Free Wannabes

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  • JaggedFlamingo
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    #124 checking in with a final overpayment for the year of £485, bringing our total repayments for December to £8,485.

    Merry Christmas everyone, and thanks julicorn for all your hard work  - see you all on the 2021 thread!
    Original mortgage: £278,827 (September 2018)
    Current mortgage: £0 (15.07.2023)
    Original mortgage-free date: September 2033
    Current mortgage-free date: July 2023
    MFW 2023 #10: £28,909.64/£25,000

  • Moneyminded
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    Morning everyone, 
    #110 checking in with a final OP of the year of £925.84 taking me past my target. 
    Thanks for all your hard work throughout the year Julicorn. Merry Christmas to those who celebrate, Happy Friday to those that don't. See you all next year ready for a new challenge. 
    • Original mortgage end date: March 2041
    • Current mortgage end date: Dec 2032 (aiming for October 2025)
    • MFW 2024 #15 £446.24/ £2500 /// MFW 2023 #15 £8,617.84/ £10,000 /// 2022 #15 £7,315.24/ £7250 /// MFW 2021 #15 £8,530.07/ £8500
    • Daily interest is currently £4.44
  • julicorn
    julicorn Posts: 2,290 Forumite
    First Anniversary Name Dropper Photogenic First Post
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    A slightly late but nevertheless very heartfelt Merry Christmas, everyone! <3 I hope you have been enjoying the holidays, and well done again for all your fantastic overpayments this year. It's not been an easy year for many of us, which makes your achievements all the more impressive  <3
    Original mortgage: December 2017, £203,495
    MFW start: April 2018, £201,800
    Mortgage neutral: September 2022, mortgage redeemed: December 2022
    New house, new mortgage: December 2022, £276,007
    Current balance: £215,400 minus £10,300 overpayment savings pot
  • Throwaway1
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    Merry Christmas everyone! Last payment of the year: £333.62 for December for #50.
    MFW - OP 10% each year to clear mortgage in 10 years!
    2019: £16,125/£16,125
    2020: £14,172.64/£14,172.64
    2021: £12,333.62/£12,333.62
    2022: £10,626.55/£10,626.55
    2023: switched tactics to saving in a higher interest rate account than mortgage interest rate
    2024: mortgage neutral!
  • Bounty123
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    Merry Christmas!
    #23 here with my last update of the year. A final payment of £279 to bring my overall total to £4669. Not quite the £5,000 I was hoping for but much better than last year.
    As always, thank you @julicorn for running this challenge.
    2024 MFW No:23
    MFiT-T6 14
  • frugal_lass
    frugal_lass Posts: 93 Forumite
    First Anniversary First Post
    edited 26 December 2020 at 9:32PM
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    #19 checking in late due to a crazy life. I overpaid £181.74 in November and £180 this month. That should bring my total to £2170.15 🥳
    Mortgage so far: £31,630.01Aiming to be mortgage free by 2024
  • Lomcevak
    Lomcevak Posts: 1,023 Forumite
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    Well done everyone, and keep going - as someone who finally finished the journey this year, it's worth all the effort, and it is very nice to not have the mortgage to worry about. :smiley:

    And @Suffolk_lass, belated congratulations from me - life's been busy and i've only been an occasional visitor to MSE recently so missed it, but glad to see you got to the end too :smile:
    £40k-in-’23#18 £78,628.29/40,000 (196.57%)
  • shangaijimmy
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    #27 finishing off my challenge with an OP total of £34.87 for December.

    As ever thank you for arranging this challenge, and onwards to 2021 with renewed vigour!
    MFW: Was: £136,000.......Now: £61,892.24......
    Mortgage Neutral Deficit: £43,082.90... Mortgage Neutral Savings: £18,809.34

    MFiT-T6 #13 - £3,517 of £15,500 (22.69%)
    1% Mortgage Challenge 2022 - £157.59 of £650
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