2021 Mortgage-Free Wannabes

FtbDreaming

#26 with my first OP of £66.27 🙂

still debating my strategy so there may be more for January or I may just be paying the £66 a month to round down then pay £xx lump sum every now and again! Hopefully I’ll make my target this year! I would have last year if life didn’t throw me a curveball but I’ve gotta start 2021 thinking positive! Xxx

misspretenderboat

Good morning all and Happy New Year to you!
#107 --- First payment of £250 made for January.

f0xh0les

Happy New Year Julicorn, would love make an o/p today, but the Bank Holiday means nothing updates Bank-wise, and I do like to 'keep it tidy'    So I will just wish you a Happy New Year and get back to you on Monday when the computers wake up again and I can round down to the next  £K bracket.

julicorn

mark55man said:

Hello MFW Newbie here, so indulge me please with an introduction and TMI

Couple of years ago I remortgaged (7 year fix @ 2.1% with 8 year term) and in doing so upped my previous payment by £200pm to bring my MF Date forward to 2026. I'm not able (10% Cap) to OP as much as I need to clear - so I have created a matching savings pot and I'm going for mortgage neutral by the end of 2024.  The pot will then be dedicated to meeting my regular payments as quickly as possibly, but separate from the rest of my finances. 

I started my thinking with a basic target of £880pm or £10500 this year, but I want to stretch myself so will commit to a target of £12K in 2021.   The way I think of it is that that extra £1500 is one months mortgage payment, and in that month I will spend it on 2 weeks by the seaside with my OH rather than pay to the BS  
 
Thank you @julicorn  for doing this - any number will do

Hi and welcome to the challenge! You've got #22 for this year

mark55man

Thanks Julicorn - if only it was MF by #22 - well I can dream, but that is £50K a year so maybe not

julicorn

f0xh0les said:

Happy New Year Julicorn, would love make an o/p today, but the Bank Holiday means nothing updates Bank-wise, and I do like to 'keep it tidy'    So I will just wish you a Happy New Year and get back to you on Monday when the computers wake up again and I can round down to the next  £K bracket.

I feel your pain - my mortgage provider is playing the annual prank with me where for the first few days in January, it shows the outstanding balance as "£0" - I wish! Hang in there, and Happy New Year!  

ilselm

Can I join again please? I’ll have a target of £14k. Thanks, 

julicorn

ilselm said:

Can I join again please? I’ll have a target of £14k. Thanks, 

Of course, welcome back! Your number this year is #24  

MFW2020

Hi Julicorn
Please could we join again? Our target is £6k.
many thanks and Happy New Year!

frugal_lass

Happy new year everyone. #19 checking in with my Jan payment of £250. Trying to work steadily towards my dreams - one of which is being financially stable. Thanks for all your hard work Julicorn!