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2020 Mortgage-Free Wannabes
Comments
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#113 checking in with a £4000 OP for April. Thanks Julicorn. Stay safe everyone.Mortgage start date Nov 2014 - £90,545 over 25 years
Re-mortgage Oct 2017 - 78,295 over 23 years
Re-mortgage Jan 2020 - 55,000 over 26 years @ 1.94%
Current Mortgage Outstanding Middle December 2020 - £47893.35 - a reduction of £42,652 in just over 6 years!3 -
Hi everyone! #51 here. I hope everyone is safe and well.April standard mortgage + overpayment takes me to a total of £185.28 off my mortgage in April so far. I have just under £740 to go before I am mortgage free! I've just realised that if I do no further OPs I will run out of mortgage to pay in April next year and I have less than £9 interest maximum to ever pay on it! Interest is now £1.38 for this month which is just under 5p a day!Hopefully I'll be able to continue with small OPs going forwards but I need my work HR to send me my contract extension through. My boss, dept head & funder all say yes I can stay until the end of the year as expected, but HR is being very slow. Senior HR bod is now on the case apparently!
I'm very glad I have a years worth of basic living costs set aside just in case so I can sleep at night in the meantime!
Mortgage free as of 12/08/20!
MFiT-5 no 45You can't fly with one foot on the ground!4 -
Hello, number 90 checking in with an April OP of £105. This drops me to 56,499 and my DD will go out on the 10th so I hope to make a further OP later in the month with the aim of getting below the 56k mark. I’m due to remortgage in October so I am trying to chuck as much as I can at it between then and now but still eating obviously 😁SPC #023 SPC 12: £125.86[/COLOUR]:SPC 13: £214.98: SPC 14: £297.41 SPC 15: £237.27 SPC 16 £335.39; SPC 17 £662.09 SPC 18 £20MFW #21 Mortgage start Dec 2015 £79,950; Sept 2025 £18,399.00 2025 OP £1703.13/COLOR]/£2,000 MFiT T6 #3 £19070/£25,500 (72.82%%) MFiT T7 #3 £2050/£21,930 (9.34%)4
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frugal_lass said:Hi Julicorn
Sorry for the delay. I can’t make any sense of this new forum and it’s very buggy for me. I overpaid £225 in February. Only £38 overpaid for March but £450 for April. So that brings my total to £713 😊
MFW 2021 No: 33 £45000/£45000 Mortgage free @ 11/6/21 🥳3 -
118 reporting overpayment of £1000 for March.
Mortgage Free3 -
Happy Easter all
Hope you're safe and well.
It's been a tough one financially this month as just got back into work following redundancy and then let go due to the current climate. However we have our emergency fund and we're OK health wise, so consider ourselves very lucky.
April over payments total £670.49 and has meant we've maxed out our annual over payment allowance.
Take care
TeameffortEmergency fund saved, we did it!!
2020 #140 MFW £10,250.25/£9,500.00
2019 #490 MFW £ 9,964.78/£9,600.00
2018 #143 MFW £ 6,903.63/£6,500.00
MFW balance as at 31 Dec 19 77,875.00. Original end date 2043 :eek: goal 20233 -
#144 £1035 for march please.
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.3 -
#82 with £24.01 for April.
Haven’t budgeted it in, but I think it will be ok and I needed to do something to cheer myself up! Brings total owing to a nice meet £202500.
Thanks Julicorn for your hard work.
BbJan 2019: £211,500
September 2020: £197,600
Target: mortgage free by 20323 -
Forgot to post this a few days ago - #8 reporting an overpayment of £12.42 for April, to bring me back to a nice round number - mortgage now down to £699, two regular payments and a final small overpayment to go
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#29 reporting in.Hope you are all staying safe.OP of £53.26 as my first April payment - hoping to be back in a few days with more when my usual DD and SO go out.YTD - £623.82Respect to everyone who is going to work as a key worker. Thoughts to all those who are home-schooling - it's not easy. Stay safe all.DobbiI’m a Forum Ambassador and I support the Forum Team on the Budgeting & Bank Accounts, Credit Cards, Credit File & Ratings and Energy boards. If you need any help on these boards, do let me know. Please note that Ambassadors are not moderators. Any posts you spot in breach of the Forum Rules should be reported via the report button, or by emailing forumteam@moneysavingexpert.com. All views are my own and not the official line of MoneySavingExpert.
If you can't be the best -
Just be better than you were yesterday.4
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