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2021 Mortgage-Free Wannabes

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  • mark55man
    mark55man Posts: 8,215 Forumite
    Part of the Furniture 1,000 Posts Name Dropper
    edited 7 November 2021 at 4:10PM
    Hi Julicorn

    End of October Report for #57
    • I have added £19.9k to my Mortgage Neutral pot since I started, £3100 this month, £18.2K since 1/1/21
    • My Mortgage Balance is £89.2K  
    • I am now £69.3K away from being Mortgage Neutral
    Current target for Mortgage Neutral is now May-23 (was Jun) based on higher than expected (but still cautious) investment growth of the pot

    Just off to read through everyone's progress
    I think I saw you in an ice cream parlour
    Drinking milk shakes, cold and long
    Smiling and waving and looking so fine
  • Another £200 paid off the mortgage, making it £415 for November so far now. (#59)
    Thanks for all the updates! ☺️
    Original mortgage total: £140,000.00 (July 2015) Original mortgage end date: June 2040
    Mortgage free start date: 16th October 2018 Mortgage total at this point: £132,829.12
    Current mortgage total: £54,762.71 Current mortgage end date: June 2032 Daily interest: £7.59 > £2.64
  • Barny1979
    Barny1979 Posts: 7,921 Forumite
    Part of the Furniture 1,000 Posts Name Dropper
    #43 £50.00 OP today, £63.59 for November and £5100.00 for 2021
  • kitjos
    kitjos Posts: 223 Forumite
    Tenth Anniversary 100 Posts Combo Breaker
    Hi Julicorn - Nov OP at £40 for #126 please  o:)

    Many thanks! xxx
    "Don't underestimate the value of financial security"


    Wanting to be mortgage free by 45. £155,000 start / £86,880 currently

  • Shal1160
    Shal1160 Posts: 60 Forumite
    Fifth Anniversary 10 Posts Name Dropper
    #44 checking in and just having a quick catch up, well done fellow MFWs! Also to log £100 o/p each of Aug, Sep and Oct please and hoping to catch up on target before the end of the year. Thanks Julicorn! 
    Mortgage start: Sept 2018 £140,000 (30 years) Sept 2020: £129,131 
    Sept 2021: £121,000 (remortgaged for 22 years), Sept 2022: £111,009, Sept 2023: £101,700, Sept 2024: £94,405
    Current: £86,450 (Jul 25)
    MFW 2025 #29
    Just keep swimming
  • anna42hmr
    anna42hmr Posts: 2,890 Forumite
    Part of the Furniture 1,000 Posts Name Dropper
    edited 10 November 2021 at 1:40PM
    julicorn said:
    We've collectively overpaid more than £800,000 already this year! Excellent work everyone <3
    Thats great news everyone well done.   

    as mentioned in a prior  post due to circumstances change i have not been able to make any more op's the last half of this year, so my overpayments made to date will remain this year.  sadly its the first year i have not met my target, but hopefully will be able to resume overpayments in the first quarter of next year (fingers crossed) 

    thanks again for running the challenge Julicorn and the work you put in, hopefully i will be able to join you all for next years challenge.
    MFW#105 - 2015 Overpaid £8095 / 2016 Overpaid £6983.24 / 2017 Overpaid £3583.12 / 2018 Overpaid £2583.12 / 2019 Overpaid £2583.12 / 2020 Overpaid £2583.12/ 2021 overpaid £1506.82 /2022 Overpaid £2975.28 / 2023 Overpaid £2677.30 / 2024 Overpaid £2173.61 Total OP since mortgage started in 2015 = £37,286.86 2025 MFW target £1700, payments to date at April 2025 - £1712.07..
  • Morning,

    Just dropping by to catch up on the group’s progress and report our OP of £250 for November.

    That leaves things a little tight for the month but I’d like to maintain the OP consistency we’ve achieved this year. Although we are on track to miss our target, I’ll take the win.

    thanks Julicorn for your efforts and really pleased to read you’re offering to continue this into 2022.

    MIB x




    MFW2020 #5 £2,000/2,000 MFW2021 #5 £1,850/3,500MFW2022 #5 £3.001/3,000Sep'12 £233,750 Jan'15 £222,329 Dec’21 £139,584 MFiT T4 #24 £48k/£34k MFiT T5 #24 £22,186/£41k MFiT T6 #24 £4,700/£29k
  • Barny1979
    Barny1979 Posts: 7,921 Forumite
    Part of the Furniture 1,000 Posts Name Dropper
    #43 £100.00 OP today, £163.59 for November and £5200.00 for 2021
  • Ellie78
    Ellie78 Posts: 195 Forumite
    Third Anniversary 100 Posts Photogenic Name Dropper
    #8 checking in with an OP of £328.10 for November.

    Thanks!
    Mortgage - £23,500 remaining
    MFW2021 #8 - £2,519.77/£3,000
    Overpayments: 2020 - £4,722.83 / 2019 - £16,042.00
  • #76 with another £50 for November- monthly total £550. Thanks Julicorn! 
    MFW 2021 #76 £5,145
    MFW 2022 #27 £5,300 
    MFW 2023 #27 £2,000
    MFW 2024 #27 £6,055
    MFW 2025 #27 £2,350 /£5,000


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