Quest for (mortgage) freedom

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  • eat_that_frogeat_that_frog Forumite
    180 Posts
    100 Posts Second Anniversary Name Dropper
    Forumite
    Well...on top of the car insurance, it's also now house insurance renewal time! Found the best quote we could online but still a good c.£250 or so out of our pockets. What a month for outgoings  :smile:

    Hmmm I think September's overpayment will be quite a bit lower than previous months.
    Original mortgage total: £250,000 (Feb 2019)   
    Current mortgage total: £175,900 (July 2022)
    Original mortgage end date: Feb 2044
    Current mortgage end date: Jan 2040
    Mortgage free start date: 13th July 2020


    https://forums.moneysavingexpert.com/discussion/6168574/quest-for-mortgage-freedom#latest 
    2022 MFW #58
    MFiT-T6 #16

    Goals for 2022

    Mortgage: £18k overpayments, £175k left owing on mortgage by end of 2022 (£18000/£18000 so far) - goal met!
    Decluttering: 2022 items decluttered by end of 2022 (1573/2022 items decluttered so far)
    Saving for next year's mortgage 10% overpayment: £12000 saved by end of December (£5900/£12000 so far)
    Weight: 14lb lost by end of 2022 (8/14lbs so far)
  • eat_that_frogeat_that_frog Forumite
    180 Posts
    100 Posts Second Anniversary Name Dropper
    Forumite
    Well I still haven't made an overpayment this month. We've been hit by another couple of bills this month: chimney needed sweeping, and needed handyman round to do a couple of things. Not ideal but done now (and paid for).

    On a different topic, I'm making mulled pears for Xmas presents for people this year. We have a huge pear tree out in the front garden, loads of fruit on it, and I've started picking them off and making the mulled pears with cider and spices. It looks really good in the jars for presents. I also have a crab apple tree in the garden, looking at making whisky crab apples for presents too. I have loads of old jam jars and loads of whisky in the cupboard that I'll never get through (husband and I aren't really drinkers to be honest). 

    Otherwise I think it looks like we'll be battening down the hatches over the coming weeks, what with everything that's going on. I've really enjoyed being able to see people (at a social distance of course) outside over the summer, it's a shame the weather's turned now and the new rules on who we can and can't see etc.
    Original mortgage total: £250,000 (Feb 2019)   
    Current mortgage total: £175,900 (July 2022)
    Original mortgage end date: Feb 2044
    Current mortgage end date: Jan 2040
    Mortgage free start date: 13th July 2020


    https://forums.moneysavingexpert.com/discussion/6168574/quest-for-mortgage-freedom#latest 
    2022 MFW #58
    MFiT-T6 #16

    Goals for 2022

    Mortgage: £18k overpayments, £175k left owing on mortgage by end of 2022 (£18000/£18000 so far) - goal met!
    Decluttering: 2022 items decluttered by end of 2022 (1573/2022 items decluttered so far)
    Saving for next year's mortgage 10% overpayment: £12000 saved by end of December (£5900/£12000 so far)
    Weight: 14lb lost by end of 2022 (8/14lbs so far)
  • ruby_eskimoruby_eskimo Forumite
    3.9K Posts
    Part of the Furniture 1,000 Posts Name Dropper Combo Breaker
    Forumite
    Mulled pears and whiskey apples sound amazing.  I always want to make gifts for Christmas but never find time to get round to it.  Might actually achieve it this year though!
    Emergency Fund - £6857.08 / £10,000 :: Total Mortgage OP - £6205.55
    LISA 22/23 - £1038 :: NSD August - 4 / 20 :: Books Read: 36 / 52 :: Decluttering - 365 / 365
    Engaged 9th December 2010 :: Married 29th October 2015 :: Bought a House 13th January 2017
  • eat_that_frogeat_that_frog Forumite
    180 Posts
    100 Posts Second Anniversary Name Dropper
    Forumite
    We've had a frustrating month with things needing repairing at home and then the car needed work done to it too to get it through its MOT. But finally we are at the end (I hope!), all bills paid for the month, and have been able to overpay £1000 today. Total left on mortgage now is just over £232k. So close now to being in the £220k range, it's very motivating.

    It's looking challenging now to meet my target of £10k of overpayments by end of December this year since I set myself the goal in July. It was always going to be a stretch, but even if I only get to £8k overpaid by end of December I'll be pleased.

    I live in Wales so we're going into lockdown on Friday for 17 days. Not sure how I feel about it to be honest. But from a money saving perspective, lockdown will help with the no spend days, that's for sure. Going to miss seeing my family, but I have to keep reminding myself that it won't be forever. 

    Hope anyone reading this is keeping well and safe.
    Original mortgage total: £250,000 (Feb 2019)   
    Current mortgage total: £175,900 (July 2022)
    Original mortgage end date: Feb 2044
    Current mortgage end date: Jan 2040
    Mortgage free start date: 13th July 2020


    https://forums.moneysavingexpert.com/discussion/6168574/quest-for-mortgage-freedom#latest 
    2022 MFW #58
    MFiT-T6 #16

    Goals for 2022

    Mortgage: £18k overpayments, £175k left owing on mortgage by end of 2022 (£18000/£18000 so far) - goal met!
    Decluttering: 2022 items decluttered by end of 2022 (1573/2022 items decluttered so far)
    Saving for next year's mortgage 10% overpayment: £12000 saved by end of December (£5900/£12000 so far)
    Weight: 14lb lost by end of 2022 (8/14lbs so far)
  • eat_that_frogeat_that_frog Forumite
    180 Posts
    100 Posts Second Anniversary Name Dropper
    Forumite
    It's my 5th NSD in a row today. Welsh lockdown has helped the no-spending situation as I can't go out and spend anything anyway hmmm...

    My target is 20 no-spend days in a row (up to and including Mon 9th November)  :#  

    The weather hasn't been great here recently so getting outside is hard unfortunately but we are managing to get out for 1 walk a day between rain showers to blow away the cobwebs and for a change of scenery. Even though it feels like yesterday I'd forgotten since March/April/May time how hard it is to be on lockdown.

    Original mortgage total: £250,000 (Feb 2019)   
    Current mortgage total: £175,900 (July 2022)
    Original mortgage end date: Feb 2044
    Current mortgage end date: Jan 2040
    Mortgage free start date: 13th July 2020


    https://forums.moneysavingexpert.com/discussion/6168574/quest-for-mortgage-freedom#latest 
    2022 MFW #58
    MFiT-T6 #16

    Goals for 2022

    Mortgage: £18k overpayments, £175k left owing on mortgage by end of 2022 (£18000/£18000 so far) - goal met!
    Decluttering: 2022 items decluttered by end of 2022 (1573/2022 items decluttered so far)
    Saving for next year's mortgage 10% overpayment: £12000 saved by end of December (£5900/£12000 so far)
    Weight: 14lb lost by end of 2022 (8/14lbs so far)
  • caelercaeler Forumite
    2.6K Posts
    Part of the Furniture 1,000 Posts Mortgage-free Glee! Photogenic
    Forumite
    Well done for trying to find the silver lining with lockdown. It’s so important we try to find the positive. 
    Mortgage started on 17 December 2012 at £169,000 with a 25 year term finishing in 2037
    Mortgage Repaid on 20 April 2021
    Click here to visit my Mortgage Free Wannabe Diary
  • rugbymadfamilyrugbymadfamily Forumite
    502 Posts
    500 Posts First Anniversary Name Dropper
    Forumite
    Great start to the diary @eat_that_frog! Some fantastic OPs. With you on the large mortgage and just every little tick over into the next thousand being a cause for cheer! Best of luck and look forward to hearing more about how you get on 😊 
    Current mortgage (1 Jun 2022): £289,501 - originally £351,999 got to love London sized mortgages!
    OP Goal 2022 = 3.75% in OPs: £6,975 / £13,200
    Emergency Fund Target: 3 months saved ✅
     
  • ruby_eskimoruby_eskimo Forumite
    3.9K Posts
    Part of the Furniture 1,000 Posts Name Dropper Combo Breaker
    Forumite
    Hope you're coping ok with the enhanced lockdown in Wales - best to focus on the positives that you can now hopefully increase the OP's with every little bit you manage to save.
    Emergency Fund - £6857.08 / £10,000 :: Total Mortgage OP - £6205.55
    LISA 22/23 - £1038 :: NSD August - 4 / 20 :: Books Read: 36 / 52 :: Decluttering - 365 / 365
    Engaged 9th December 2010 :: Married 29th October 2015 :: Bought a House 13th January 2017
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