Quest for (mortgage) freedom

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  • ruby_eskimoruby_eskimo Forumite
    3.9K Posts
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    Tier 4 here too :( We'd also got everything in other than the veg and a couple of perishable things so also planning on not having to spend much between now and new year.  Also feeling very fortunate that our jobs seem to be ok *touch wood* and have tried to pay it forward by ordering all our Christmas gifts from small independent businesses as well as some theatre tickets for a couple of people for later on next year.  We'll get through this.
    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
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    Sorry to hear you're in tier 4 too @ruby_eskimo. Hoping 2021 is more positive for all of us!
    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)
  • savingholmessavingholmes Forumite
    20.8K Posts
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    Just popping along to wish you good luck on your journey. £8K paid off already sounds like you've had a running start. Here's to a better 2021!
    Target 1) Lose weight & get fit (started) 2) Declutter 3) Get to £6k EF/Savings Now £2.7k 4) MFW starting at £201999 Nov 21 with 264 255 payments to go. Now £196,223. 5) Mortgage neutral progress (private pension/AVCs c£3643 Nov 21) extra payments £312 including tax relief 6) Write regularly 41426/70000 words Book 2 7) CC Debt free April 22 (now stay that way!!)
  • eat_that_frogeat_that_frog Forumite
    180 Posts
    100 Posts Second Anniversary Name Dropper
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    Hope everyone had a good Christmas. Ours was very quiet and unusual, but still nice in its own way.

    As predicted, it's been easy to not spend anything under tier 4 lockdown - it's the 10th NSD in a row for me. I never was a big shopper before this anyway, but I'm even less of one now; not sure if that's down to Covid or this mortgage overpayment challenge/MSE and Martin Lewis. Possibly all factors combined. 

    We received some money for Xmas plus my husband got his end of year bonus. Not a massive amount but hoping to get another OP on the mortgage this week to up my 2020 OP total a bit more, with a few days to spare...
    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)
  • twinklietwinklie Forumite
    4.8K Posts
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    I’ve just gained online access to my mortgage and have started with my first OP this month. We’ve not been in a position to until now. 

    Exciting to follow your journey. I’m a tiny bit ahead of you in terms of how much we have left to pay on our mortgage, but you’ll leap frog me in no time - we are still building up an emergency fund so putting more money into that right now.

    Plus I’m due a restructure at work and I don’t feel very safe OPing too much right now. 
    Daily mortgage interest Jan 22 - £14.08 Reduction interest - £2.38
    % of house owned/% of mortgage paid off.
    Jan 22 - 22.39%/14.42%
    MFiT-T5 #13
    MFW 2021 #6
    MF Date: Oct 37 Sept 37
  • powerspowerspowerspowers Forumite
    809 Posts
    500 Posts First Anniversary Name Dropper
    Forumite
    Hope everyone had a good Christmas. Ours was very quiet and unusual, but still nice in its own way.

    As predicted, it's been easy to not spend anything under tier 4 lockdown - it's the 10th NSD in a row for me. I never was a big shopper before this anyway, but I'm even less of one now; not sure if that's down to Covid or this mortgage overpayment challenge/MSE and Martin Lewis. Possibly all factors combined. 

    We received some money for Xmas plus my husband got his end of year bonus. Not a massive amount but hoping to get another OP on the mortgage this week to up my 2020 OP total a bit more, with a few days to spare...
    We’re similar in that covid means we are spending less money... i work with people in financial crisis so I don’t think my job is going anywhere but it’s something I’m very aware of- might be part of the reason why you are spending less I.e the world feels like it’s falling apart so why go shopping? I flip between that and spending loads as of I’m single handedly saving the economy 😂 maybe a balance is the way to go!
    well done on your year of overpayments 🙂
    MFW 2021 #76 £5,145
    MFW 2022 #27 £4,670 / £7,200 target 


  • FtbDreamingFtbDreaming Forumite
    1.1K Posts
    1,000 Posts Second Anniversary Name Dropper
    Forumite
    Well done! X
    Mortgage started August 2020 £69,700
    Mortgage ends Aug 2050 MFW: Aug 2027 (Now: June 2049)
    Current Balance: £64,250
    MFW2020 #156 £723.13/£2000
    MFW2021 #26 £1184.71/£2500
    MFW2022 #11 £79/ £1500
    Backup/ Neutral fund £800/£1000
    House fund £16.00/£1500

    Determined to make it! 
  • caelercaeler Forumite
    2.6K Posts
    Part of the Furniture 1,000 Posts Mortgage-free Glee! Photogenic
    Forumite
    Well done @eat_that_frog
    Great way to end the year and a great way to start the year!! 
    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
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