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  • Not long to go!

    Paying off the mortgage helps to make those big decisions a bit easier. Or harder as maybe you have more choice!
    Original MF Date January 2035. MF Date February 2022
  • Not long to go. An exciting point to be at.
    2017 - mortgage of £140,000 and interest rate of £10 a day
    Feb 2021 mortgage of £103000
    May 2021 mortgage of £100000
    July 2021 mortgage of £97000
    November 2021 mortgage of £93000
    July 2022 mortgage of £84000
    December 2022 mortgage of £79000
    December 2023 mortgage of £73000
    March 2024 mortgage of £70000
    May 2024 mortgage of £68000
    October 2024 mortgage of £65000
    February 2025 mortgage of £63000
    March 2025 mortgage of £45000 and interest of £6.07 per day
  • L9XSS
    L9XSS Posts: 438 Forumite
    Third Anniversary 100 Posts Mortgage-free Glee! Name Dropper
    Ok thanks for the messages of support it’s much appreciated, likewise for all you MFW keep plugging away! So that’s Septembers payment gone to the bank. That leaves 7 payments left to go to take me to May 2022. I’ve made some savings selling a vehicle and paying down credit card and loan debt. My only credit card debt is £197 which I will pay off in the next 2 months. That really just leaves basic outgoings which I’m very happy with. Had a nice morning with my OH yesterday. Beautiful sunny day today too!
  • L9XSS
    L9XSS Posts: 438 Forumite
    Third Anniversary 100 Posts Mortgage-free Glee! Name Dropper
    Savings virtually depleted.......car passed its MOT which is good news with no advisories (its a 2012 plate) so that’s good. I have a full tank of fuel so shouldn’t spend on commuting costs till next pay day (November 2015). Getting close to only 6 repayments remaining of £1033 per month........I will be glad when it’s gone as the next 6 months will be tight. Managed to get a further discount on my Council tax (works out at £111 per year).
    I have some shares (worth about £2k) which I may sell if money is tight. Every £ seems to be a prisoner at the moment. Anyway remaining positive, it’s head down and get on with it.
  • L9XSS
    L9XSS Posts: 438 Forumite
    Third Anniversary 100 Posts Mortgage-free Glee! Name Dropper
    L9XSS said:
    Savings virtually depleted.......car passed its MOT which is good news with no advisories (its a 2012 plate) so that’s good. I have a full tank of fuel so shouldn’t spend on commuting costs till next pay day (November 2015). Getting close to only 6 repayments remaining of £1033 per month........I will be glad when it’s gone as the next 6 months will be tight. Managed to get a further discount on my Council tax (works out at £111 per year).
    I have some shares (worth about £2k) which I may sell if money is tight. Every £ seems to be a prisoner at the moment. Anyway remaining positive, it’s head down and get on with it.
    November 15th not 2015......(time traveller) LOL
  • FtbDreaming
    FtbDreaming Posts: 1,127 Forumite
    Fifth Anniversary 1,000 Posts Name Dropper
    6 months is nothing! Just think of the freedom and how fast your savings will rebuild afterwards 😁 well done! 
    Mortgage started August 2020 £69,700
    Mortgage ends Aug 2050 MFW: Aug 2027 
    Current Balance: £58,678
    MFW2020 #156 £723.13
    MFW2021 #26 £1184.71
    MFW2022 #11 £197.87
    MFW2023 £785
    MFW 2024 £528.15

    Determined to make it! 
  • L9XSS
    L9XSS Posts: 438 Forumite
    Third Anniversary 100 Posts Mortgage-free Glee! Name Dropper
    Quiet day today, back to work on Saturday. Being paid for unbooked holidays outstanding which I’m happy about, so should see an extra weeks wage in next months pay. Will use this additional money to top up my private pension. Close to making this months mortgage payment and then I will be down to 6 months final mortgage payments taking me to the beginning of May. I’m looking forward to booking a weeks holiday in Europe next summer with my nearest and dearest, all being well with the world. Reading lots of articles on the cost of living rises and interest rate rises. My advice keep overpaying while interest rates are low so that you are chipping away at the principal sum! I remember the days of 14% interest rates in the mid 90s when I bought my first home!
  • caeler
    caeler Posts: 2,637 Forumite
    Part of the Furniture 1,000 Posts Mortgage-free Glee! Photogenic
    I’ve got a 9 year old car and I’ve just done the battery. Worth doing. 
    Been keeping up with your mortgage updates, your doing great, great focus! 
  • L9XSS
    L9XSS Posts: 438 Forumite
    Third Anniversary 100 Posts Mortgage-free Glee! Name Dropper
    caeler said:
    I’ve got a 9 year old car and I’ve just done the battery. Worth doing. 
    Been keeping up with your mortgage updates, your doing great, great focus! 
    @caeler thanks as always for your support and comments, it’s always appreciated. You have achieved what many on the MFW site are striving for. Your an inspiration to us all.
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