Quest for (mortgage) freedom

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  • South_coastSouth_coast Forumite
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    I don't think you're the only one - in the first lockdown it seemed like everyone was going food shopping for recreation round here. Lots of excessive queues to get in the shops, with loud and extremely dull conversations between people queuing that were 20 yards apart and had several other shoppers in between 🙄
    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!!!
  • ruby_eskimoruby_eskimo Forumite
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    Well done on so many NSD's - I'm also aiming for at least 15, but ideally 20 a month (and failing miserably so far!)  Hope the online delivery continues to work well for you as I can never seem to get everything I want / need with the supermarkets round here.  Plus the sunday morning trip to the supermarket is the only break I get away from DH all week at the moment 🤣
    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
  • savingholmessavingholmes Forumite
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    I miss the steps I got from shopping. Bank balance improved though
    Target 1) Lose weight & get fit (started) 2) Declutter 3) Get to £6k EF/Savings Now £2.9k 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!!)
  • caelercaeler Forumite
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    That's really amazing @eat_that_frog I think you are right to focus on the milestones rather than the end.  You will get there and you are making this journey bite sized.  It will be worth it in the end, like you experienced once before.  Shaving off a whole year is something to be super proud about!   I would have been mortgage free if I hadn't of moved to a larger house, but I totally made the right decision!!
    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
  • savingholmessavingholmes Forumite
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    Well done on the OP. £1500 is a lot. You are making great progress. If it helps you to have a stretch target great. Perhaps set a more achievable on as well,
    Target 1) Lose weight & get fit (started) 2) Declutter 3) Get to £6k EF/Savings Now £2.9k 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
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    End of Jan '21 summary: I managed 18 NSDs this month, so smashed my target of 15. I am absolutely delighted with this! I'm going to try and aim for a repeat of 18 again this month in February.
    The month of January went by quickly, truth be told. Lockdown has this odd effect: the days feel long but the months feel like they go very quickly overall. I'm not enjoying work at the moment for various reasons so I think that's why the days feel longer.
    Feeling happy with my financial achievements this month, overpaying mortgage by £1500 and 18 NSDs. 

    My Feb '21 targets: overpay mortgage by £1500 and 18 NSDs.
    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
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    Great targets! And congratulations on 18 NSDs! @eat_that_frog
    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
  • eat_that_frogeat_that_frog Forumite
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    Well I'm at 13 NSDs so far this month so unfortunately I'm not going to quite reach my target of 18 NSDs this month. But if I can get to 15 or 16 over the weekend I will be that little bit closer!

    It has been an unexpectedly expensive month. Part of our roof needs fixing, rather than dipping into the EF we're going to spend what we would have put towards the mortgage OP. We also spent some money on some improvements around the house and garden that really needed doing and we just decided to get on with it whilst we have time in lockdown. So it's looking likely I won't make any overpayment at all this month which is a shame. However I get my bonus next month so hoping to make up some of the shortfall in March.
    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
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    Well I managed to get to 16 NSDs (including today) in February. Not quite the 18 I was aiming for but happy nonetheless. If it had been a longer month I'd have probably met the target.

    It's been an expensive month for things around the house but hoping it'll calm down a bit in March. I think for March I'll keep the target the same again, 18 NSDs. Hopefully I'll be able to get my mortgage OPs on track again too.

    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)
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