• Thanks leigh, you are doing so well too! 3 years is no time left to wait.
  • caeler
    caeler Posts: 2,605 Forumite
    Mortgage-free Glee! Photogenic Name Dropper First Post
    Well done @Cotswoldfoodie for making the overpayment! Covid has certainly added complications but I totally agree with your approach.  I've probably had the same "spending money" budget for over 5 years despite getting the odd payrise because I figure if I don't get used to it, I won't miss it!  I treat my regular overpayment as a normal outgoing, it isn't optional. 
  • Evening all! Very satisfying day today as made my last OP for the year of £4645 and (drum roll please) I've got my balance down to under £100k! So this year I've paid off a grand total of £18,706 which I'm pretty chuffed with. 
    I've got £1400 I can OP next week as well once the 2021 "10%" kicks in and will then be back to a regular OP each month. So the aim for next year is to get it down to somewhere in the £75-£80k bracket.
    Current prediction is to be MF sometime in late 2024. Excited MFW!
  • South_coast
    South_coast Posts: 4,893 Forumite
    First Anniversary First Post Name Dropper Photogenic
    Excellent, fantastic work 😀!
    Mortgage start: £65,495 (March 2016)
    Cleared 🧚‍♀️🧚‍♀️🧚‍♀️!!! In 5 years, 1 month and 29 days
    Total amount repaid: £72,307.03. £1.10 repaid for every £1.00 borrowed

    Finally earning interest instead of paying it!!!
  • savingholmes
    savingholmes Posts: 27,270 Forumite
    Name Dropper First Anniversary Photogenic First Post
    Fab progress. Sounds like it will be a very Happy New Year.
    Achieve FIRE/Mortgage Neutrality by mid 2030
    1) MFW Nov 21 £201,999 with 237 payments to go - now £184,341 Equity 26.26% (lower post move compensated by EF) plus spent £10K+ on home improvements/emergency repairs
    2) Mortgage neutral by June 2030 AVC £8.063/£127,466 AVC target 6.32%
    3) FI Age 60 annual income target £12,500/30,000 41.66%
    Achievements: CC free since April 22. 1 year EF from Jan 24 & dedicated pot for home improvements
  • Thank you south coast & Holmes, a good new year indeed :-)
  • Great progress! Well done.
  • Your posts are very encouraging.

  • Excellent start to the new year! The mortgage will be all over with before you know it.
    Mortgage start date Dec 2015 - $64,655.00
    Mortgage end date Dec 2045 - NOT!!!!
    Mortgage balance  - $4600.00
    Business Savings $43,310/100k
    Hope to be mortgage-free by end of 2023 
  • Sistergold
    Sistergold Posts: 2,030 Forumite
    First Anniversary First Post Name Dropper Photogenic
    Wow welldone! 
    Initial mortgage bal £487.5k, current £266.8k, 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)
    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. 🤓
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