Mortgage start: April 2024 - 295k Current £256k
Emergency fund: 13.5k/15k
Current mortgage free year: 2054 2039
Mortgage free diary: Snug & Sorted: Our Race to Mortgage Freedom
The little joy list
Books read: 41 (2024) | 12 (2025)
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Debt-free, Stress-free now Mortgage-free Wannabe!
Comments
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Welcome and lots of luck to you. Well done on getting rid of your debt.
I am slightly obsessed with the OP calculator and use it in the same way as you and also to work out how much interest a one off payment will save me.Mortgage Aug 2019 161,000 :eek::eek::eek:Nov 2019 156,500:T Jan 2020 153,122:T, Apr 2020 149,500, Apr2021 139, 675, Oct 2021 136,823, Dec 2021 136,120🙂EF 0/12,000 (0%)😕 (5062.44 was ERC), Jan 2023 128,650. Our Mortgage is never going to be as high as it is today. :jOnwards and downwards to a better life for our family. :jJust keep swimming3 -
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Thought I would stop by and say hello!
I'm obsessed with MOP calculators too, best way of seeing how to make your money work for you.
Good luck with your MFW road 🤗Mortgage started 2020, aiming to clear 31/12/2029.1 -
Good luck! You sound very focused, just think how much spare cash you'll have one day!Jan update
2021 MFW #39 £228.76/£5000
Current mortgage @ 1/2/2021 £94 900.00
Mortgage end date Jan 2041. Current OP end date March 2039. Target June 2027.
2021 Personal savings £1 803.25/£5 880
2021 Personal Freetrade shares £102.81 (putting £50 per month in - love it!).
2021 Joint sinking fund £36.83/£500
2021 Summer holiday fund £330.35/£13502 -
Hello all!
My new mortgage started on the 1st July but it has taken until this time to get set up with online banking and sussing out the overpayment procedure. I am pleased to report that I have made my 1st overpayment of £350 which hit my account today - woo hoo! Unfortunately I am still furloughed but hoping for some good news in the next few weeks. I have been putting some
of the time to good use and am having a review of finances. Firstly I am looking to switch energy supplier. I am currently with Tonik and it is really hard to get in contact with them. It is so sad as they used to be so good! When I switch I will save about £10 a month so that can go to the overpayments too. I am also due to switch from my mobile contract to sim only so that will save at least another £10 a month yeay!
@longway2go @kaycastle @MovingForwards @Mortgagefreegonnabe - thank you for your comments back in May! I haven't commented until now as I wanted to feel like a proper part of the overpayment crew by actually making an overpayment!
Hope everyone is well
"Everything comes to him who hustles while he waits" Thomas Edison
Following the Martin mantra "Earn more, have less debt, improve credit worthiness" :money:5 -
Whoop whoop!
Welcome to the O/P club 😁
Don't forget to get your savings / pension going, you have to think of the future you too, and well done for making changes to bring a couple of bills down.
You will get into the swing of things and your mortgage free road will shorten each month!Mortgage started 2020, aiming to clear 31/12/2029.3 -
Well done on you op :-)Mortgage Aug 2019 161,000 :eek::eek::eek:Nov 2019 156,500:T Jan 2020 153,122:T, Apr 2020 149,500, Apr2021 139, 675, Oct 2021 136,823, Dec 2021 136,120🙂EF 0/12,000 (0%)😕 (5062.44 was ERC), Jan 2023 128,650. Our Mortgage is never going to be as high as it is today. :jOnwards and downwards to a better life for our family. :jJust keep swimming2
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Looking forward to reading your mortgage free story as it happens! Also a guilty pleasure of playing about with the OP calculators! I have too conjured up a list like yourself of how many years I could potentially cut off my mortgage term if I overpaid a certain amount! Well done on your first OP!Debt Remaining: £8,781.53
3 Month EF: £1,000/£4,494
2025 MFW Challenge #9: £999.00/£4,0004 -
@MovingForwards - yes I have savings/pensions running concurrently but I must admit I don't have a very big pension pot considering my age. I am doing the maximum pension contribution which is matched by my employer so am lucky in that respect.MovingForwards said:Whoop whoop!
Welcome to the O/P club 😁
Don't forget to get your savings / pension going, you have to think of the future you too, and well done for making changes to bring a couple of bills down.
You will get into the swing of things and your mortgage free road will shorten each month!
Hope you are doing well and getting some time in the garden weather permitting!
"Everything comes to him who hustles while he waits" Thomas Edison
Following the Martin mantra "Earn more, have less debt, improve credit worthiness" :money:1 -
So I got the call and I am back to work on the 27th July - woo hoo! I've been furloughed on 80% of wage which I am so grateful for but I can't wait to be back on the full amount So just under 2 weeks to haul a$$ and get all the outstanding jobs on the house finished including rebuilding the walls at the front of the house. I must say the house is looking pretty good at the moment following all the attention it has had!"Everything comes to him who hustles while he waits" Thomas Edison
Following the Martin mantra "Earn more, have less debt, improve credit worthiness" :money:3
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