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2021 Mortgage-Free Wannabes

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Comments

  • Elvie100
    Elvie100 Posts: 114 Forumite
    Tenth Anniversary 100 Posts Name Dropper
    edited 6 February 2021 at 5:57PM
    Hi

    #60 with a February overpayment of £600.  Decided to add extra as we have a council tax free month too. :smile:

    Thanks!

    L
    Was MFW#60 - mortgage paid off December 2021
  • Mortgagefreegonnabe
    Mortgagefreegonnabe Posts: 37 Forumite
    10 Posts Name Dropper
    Hello,
    #39 updating with a January total overpayment of £228.76 of £5000.   
    Many thanks x 
    Jan update
    2021 MFW #39  £228.76/£5000 
    Current mortgage @ 1/2/2021  £94 900.00 
    Mortgage end date Jan 2041. Current OP end date March 2039. Target June 2027.
    2021 Personal savings £1 803.25/£5 880
    2021 Personal Freetrade shares £102.81 (putting £50 per month in - love it!).
    2021 Joint sinking fund £36.83/£500
    2021 Summer holiday fund £330.35/£1350
  • IndiJonesi
    IndiJonesi Posts: 505 Forumite
    500 Posts Fourth Anniversary Name Dropper Photogenic
    Hi, #14 checking in with a Feb OP of £2500.  Thanks @julicorn for the updates, Indi
  • Cortinaa_GTR
    Cortinaa_GTR Posts: 146 Forumite
    Part of the Furniture 100 Posts Photogenic Combo Breaker
    #42 - Feb OP of £561.21  :)
  • Barny1979
    Barny1979 Posts: 7,921 Forumite
    Part of the Furniture 1,000 Posts Name Dropper
    Hi, does anyone have the spreadsheet that shows you what overpaying will do on a mortgage please?
  • bubblycrazy
    bubblycrazy Posts: 327 Forumite
    Part of the Furniture 100 Posts Name Dropper Photogenic
    edited 7 February 2021 at 8:50PM
    I don't have a spreadsheet link but here's the website you can put your details in to find out 
    https://www.moneysavingexpert.com/mortgages/mortgage-overpayment-calculator/
    MFW -
    House purchase £62500
    Original mortgage balance 28/08/2014 £52850
    Original MF date: 2049:eek: Aiming for: 2025
    Balance 27/07/2016 £49990
    Balance 08/07/2017 £47999
    Balance 30/07/2018 £44500
    Balance 01/08/2019 £40700
    Balance 03/09/2020 £37619
    Balance 30/09/2021 £33983
    Balance 18/01/2023 £28940
    Balance 06/10/2024 £22168
    Balance 08/10/2025 £18417


    Mortgage free 09/10/2025!! Mortgage paid off in 11 years, 1 month, 11 days 🥳
  • Barny1979
    Barny1979 Posts: 7,921 Forumite
    Part of the Furniture 1,000 Posts Name Dropper
    edited 7 February 2021 at 6:29PM
    Link doesn’t work.
  • FTbuyer18
    FTbuyer18 Posts: 66 Forumite
    Part of the Furniture 10 Posts Combo Breaker
    #101 £45.86 Overpayment. Only small but its a start!
    Start date 17.10.2024 (ish..)
    Mortgage - £88,801.19 
    Natwest card - £6,065.99 
    Halifax card - £483.95
    Halifax loan - £484.16
    Mum - £950 
    Dad - £30,000  
  • Chili81
    Chili81 Posts: 54 Forumite
    Sixth Anniversary 10 Posts Name Dropper
    #10 here. £500 for Feb. Thanks Julicorn. 
  • bubblycrazy
    bubblycrazy Posts: 327 Forumite
    Part of the Furniture 100 Posts Name Dropper Photogenic
    Barny1979 said:
    Link doesn’t work.
    Whoops, don't know what I did there! I've corrected it. Hopefully it will work now. 
    MFW -
    House purchase £62500
    Original mortgage balance 28/08/2014 £52850
    Original MF date: 2049:eek: Aiming for: 2025
    Balance 27/07/2016 £49990
    Balance 08/07/2017 £47999
    Balance 30/07/2018 £44500
    Balance 01/08/2019 £40700
    Balance 03/09/2020 £37619
    Balance 30/09/2021 £33983
    Balance 18/01/2023 £28940
    Balance 06/10/2024 £22168
    Balance 08/10/2025 £18417


    Mortgage free 09/10/2025!! Mortgage paid off in 11 years, 1 month, 11 days 🥳
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