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Aiming for Mortgage Free!

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  • eat_that_frog
    eat_that_frog Posts: 267 Forumite
    Fifth Anniversary 100 Posts Mortgage-free Glee! Name Dropper
    That's great @rugbymadfamily, well done to your other half! B)
    Mortgage free as of March '25!
    £240,000 paid off in 4 years, 8 months and 18 days (July '20-Mar '25)
    Mortgage paid off 19 years early.

    2025 MFW #40

    2025 Goals

    Pay off mortgage of £55k for good! - £55k/£55k paid - mortgage free!!!
    Keep emergency fund at £10k - £30k/£10k - goal met!
    Lose 12 kgs - 3/12 kgs lost so far
    Try 1 new activity/experience as a family each month - 0/12 new activities/experiences tried
    Decluttering - declutter 500 items from house and outbuildings - 162/500 items so far
  • Thanks all! Super proud of him at the moment!
    Just made another OP....£1,150 which is fairly chunky but a planned weekend away has been cancelled (supposed to go to Edinburgh for the Lions game but our tickets were cancelled when they reduced capacity for COVID :-( ) gutted but figured might as well put the money to good use somewhere else instead!

    Been feeling rough for a few days, my vaccine completely knocked me for 6 which was unexpected as I rarely get sick! 
    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 ✅
     
  • savingholmes
    savingholmes Posts: 29,034 Forumite
    Part of the Furniture 10,000 Posts Name Dropper Photogenic
    Just caught up. Glad you are enjoying your new job. Congrats to hubby. Well done on the OPs. Hope you feel better soon.
    Achieve FIRE/Mortgage Neutrality in 2030
    1) MFW Nov 21 £202K now £172.5K Equity 36.11%
    2) £1.6K Net savings after CCs 14/8/25
    3) Mortgage neutral by 06/30 (AVC £25.6K + Lump Sums DB £4.6K + (25% of SIPP 1.2K) = 31.4/£127.5K target 24.6% 1/9/25
    (If took bigger lump sum = 53.3K or 41.8%)
    4) FI Age 60 income target £17.1/30K 57% (if mortgage and debts repaid - need more otherwise)
    (If bigger lump sum £15.8/30K 52.67%)
    5) SIPP £4.8K updated 29/7/25
  • Been a manic few weeks, lifes been busy but fun. Been some un-MSE stuff (weekend away and a bit meal out) that went a bit over budget, but can rein it in elsewhere.

    But I've had some MSE wins as well, shopped around for house insurance and saved £45 compared to the best offer from current supplier and £35 cheaper than last year = win. Plus didn't do a food shop this week and just been working through the freezer meats and veg, only picked up some fresh salad leaves so that will keep this month's food bill down!

    Hope everyone is keep well and has lovely plans for the sunshine! I'm getting the paddling pool, Pimms and BBQ ready for Sunday!
    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 ✅
     
  • Sounds like you've found a good deal on your house insurance!

    We've been enjoying the paddling pool this weekend too, what great weather we've been having!
    Mortgage free as of March '25!
    £240,000 paid off in 4 years, 8 months and 18 days (July '20-Mar '25)
    Mortgage paid off 19 years early.

    2025 MFW #40

    2025 Goals

    Pay off mortgage of £55k for good! - £55k/£55k paid - mortgage free!!!
    Keep emergency fund at £10k - £30k/£10k - goal met!
    Lose 12 kgs - 3/12 kgs lost so far
    Try 1 new activity/experience as a family each month - 0/12 new activities/experiences tried
    Decluttering - declutter 500 items from house and outbuildings - 162/500 items so far
  • savingholmes
    savingholmes Posts: 29,034 Forumite
    Part of the Furniture 10,000 Posts Name Dropper Photogenic
    Well done on mse win. Can't beat a good paddling pool
    Achieve FIRE/Mortgage Neutrality in 2030
    1) MFW Nov 21 £202K now £172.5K Equity 36.11%
    2) £1.6K Net savings after CCs 14/8/25
    3) Mortgage neutral by 06/30 (AVC £25.6K + Lump Sums DB £4.6K + (25% of SIPP 1.2K) = 31.4/£127.5K target 24.6% 1/9/25
    (If took bigger lump sum = 53.3K or 41.8%)
    4) FI Age 60 income target £17.1/30K 57% (if mortgage and debts repaid - need more otherwise)
    (If bigger lump sum £15.8/30K 52.67%)
    5) SIPP £4.8K updated 29/7/25
  • Wish I could have spent today in the paddling pool....I was melting!

    Kick started my exercise again today, been off it the last 3 weeks as had a bit of an injury (and made a few excuses!). But back to it now!
    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 ✅
     
  • savingholmes
    savingholmes Posts: 29,034 Forumite
    Part of the Furniture 10,000 Posts Name Dropper Photogenic
    Great to restart. Looking forward to hearing your progress
    Achieve FIRE/Mortgage Neutrality in 2030
    1) MFW Nov 21 £202K now £172.5K Equity 36.11%
    2) £1.6K Net savings after CCs 14/8/25
    3) Mortgage neutral by 06/30 (AVC £25.6K + Lump Sums DB £4.6K + (25% of SIPP 1.2K) = 31.4/£127.5K target 24.6% 1/9/25
    (If took bigger lump sum = 53.3K or 41.8%)
    4) FI Age 60 income target £17.1/30K 57% (if mortgage and debts repaid - need more otherwise)
    (If bigger lump sum £15.8/30K 52.67%)
    5) SIPP £4.8K updated 29/7/25
  • rugbymadfamily
    rugbymadfamily Posts: 505 Forumite
    Fourth Anniversary 500 Posts Name Dropper
    edited 15 June 2021 at 8:12PM
    One of my poor cats has been very unwell, thought it was just the heat but poor boy has an infection. Vet has given him some shots and antibiotics, now just got to persuade him to take them. Have a follow up later in the week and he will be getting lots of love and cuddles.

    Thankfully we have a fairly decent pot built up so should be enough to cover any bills. No insurance as we cancelled it ages ago when they refused to pay out for a different issue with my other cat, but we out aside money every month instead of what we were paying the insurers. Main thing is, I just want him to get better 😍 
    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 ✅
     
  • mark55man
    mark55man Posts: 8,221 Forumite
    Part of the Furniture 1,000 Posts Name Dropper
    poor kitty hope he gets better soon - we self insured, or rather we didn't pay for insurance and didn't put anything aside, but that's what EF (by which I used to mean CC) are for.  Both our ladies (sisters) passed within a year of each other at a good old age, having never needed anything other than an occasional  check up from the neck up (and down) and the toll fee for the rainbow bridge.   
    I think I saw you in an ice cream parlour
    Drinking milk shakes, cold and long
    Smiling and waving and looking so fine
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