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2021 Mortgage-Free Wannabes

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Comments

  • Ellie78
    Ellie78 Posts: 195 Forumite
    Third Anniversary 100 Posts Photogenic Name Dropper
    #8 checking in with a little OP of £23.78.    Might be my last OP for a while, had an expensive month of needing to buy a new PC and a new car   :s 
    Mortgage - £23,500 remaining
    MFW2021 #8 - £2,519.77/£3,000
    Overpayments: 2020 - £4,722.83 / 2019 - £16,042.00
  • Filo25
    Filo25 Posts: 2,140 Forumite
    Part of the Furniture 1,000 Posts Name Dropper
    edited 5 June 2021 at 5:41PM
    Any chance I can join this belatedly as well?

    I have now finished the debt repayment part of my journey, and built a bit of an emergency fund, so trying to move onto overpaying the mortgage now (currently runs for another 18 years, trying to get that down closer to 11 or so)

    Only paid a token £50 in June so far, target for the year is £5,050.
  • Elvie100
    Elvie100 Posts: 110 Forumite
    Tenth Anniversary 100 Posts Name Dropper
    Hello
    #60 checking in with an overpayment for June of £700.
    Thanks Julicorn
    L
    Was MFW#60 - mortgage paid off December 2021
  • julicorn
    julicorn Posts: 2,591 Forumite
    Seventh Anniversary 1,000 Posts Name Dropper Photogenic
    edited 6 June 2021 at 7:56AM
    Filo25 said:
    Any chance I can join this belatedly as well?

    I have now finished the debt repayment part of my journey, and built a bit of an emergency fund, so trying to move onto overpaying the mortgage now (currently runs for another 18 years, trying to get that down closer to 11 or so)

    Only paid a token £50 in June so far, target for the year is £5,050.
    Of course, welcome to the challenge :) 
    You've got #68.
  • Mortgage_Minimiser
    Mortgage_Minimiser Posts: 338 Forumite
    Part of the Furniture 100 Posts Name Dropper
    edited 6 June 2021 at 11:39AM
    HI all, #13 reporting in.
    Slight change of plan(s) here.
    I have decided to try look at saving as well in order to:
    1. Benefit from compound interest
    2. Build a pot to use if i want to finish work early
    So I have decided to balance saving and OP'ing. Total to record for June is £600.
    Also I am spending on the house (decorating, blinds, shutters, furnishing (nothing was able to be done for the last year, but all saved / accounted for) and am now focussed on my Lockdown weight.... 6.8lbs gone 9.5lbs to go to first target and review how I feel. 
    Suddenly my head is in 'that' place and I can get things done!
    Thanks @julicorn
    Mortgage 1 - 01/2/2015 - £243,750 ; Mortgage 01/11/2024 - £132,576.55
    Mortgage 2 - 2019 - £76,600 ; Mortgage 01/10/2024 - £47,763.29
    MFit-T5 - reduce to £140,000 MFiT-T6 - reduce to £110,000

    01/10/2024 Daily Interest - M1 = £18.27 (!!); M2 = £7.41

    Debt at highest point in 24 -£21,344
    Debt 1st November 24 - £16,192.18 24% paid. Focusing on this in earnest!!!
  • ElmoR
    ElmoR Posts: 414 Forumite
    Ninth Anniversary 100 Posts Name Dropper
    hi  all Number 45 checking in with £2560 for May. Extra work from January 2021 finally paid and now banked. Though part also paid for a one night stay in Scotland to visit relatives for first time in 2 years! Better to squeeze in a trip between lockdowns.
    Thanks julicorn :)
  • #59 - Checking in with my first overpayment for June - £205.
    Thanks for 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
  • #115 with a £500 overpayment for June :) 
    Thanks @julicorn xx
    Current mortgage - £12000
    aim to pay £6000 this year (mfw #20)
    £3000/£6000

  • uzubairu
    uzubairu Posts: 1,208 Forumite
    Part of the Furniture 1,000 Posts Combo Breaker Home Insurance Hacker!
    #98 uzubairu
    May = £465.89
    June = £655.59
  • Moneyminded
    Moneyminded Posts: 288 Forumite
    Fifth Anniversary 100 Posts Name Dropper
    #15 checking in with an OP for June of £50 so far. Thanks Julicorn
    • Original mortgage end date: March 2041
    • Current mortgage end date: Dec 2032 
    • MFW 2025 #15 £378.00/ £2,400 /// MFW 2024 #15 £1,608.85/ £2500 /// MFW 2023 #15 £8,617.84/ £10,000 /// 2022 #15 £7,315.24/ £7250 /// MFW 2021 #15 £8,530.07/ £8500
    • Daily interest is currently £4.48
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