2022 Mortgage-Free Wannabes

julicorn
julicorn Posts: 2,275
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edited 30 December 2021 at 5:37PM in Mortgage-free wannabe
Welcome to the Mortgage Free Wannabe 2022 thread! 3

Over the last few years, this challenge has been providing support for everyone who wants to overpay their mortgage, whether it is by a big or small amount. Every little helps, and together we have been overpaying close a million pounds every year over the last few years (even during the pandemic - well done everyone!)
Whether you're a brand new mortgage free wannabe, a veteran on the final stretch of the long slog, or someone who has cleared the mortgage and wants to provide some help and encouragement for others, this is for you. The challenge runs from January 1st-December 31st 2022, and you can join or change your target at any time up until December 31st 2022. And if you're expecting to be mortgage-free before then, you're still very welcome. Likewise if you're saving towards something house-related (extension, new OP allowance, etc.).

SPREADSHEET
See how we are all doing on the big MFW 2022 spreadsheet HERE

Links to previous challenges are here:

TO JOIN

If you've participated in the last few years, please post in this thread by the end of December 2021 saying that you want to take part again and what your goal is for this year. Please also let me know whether you would like to keep your number or whether you don't mind. For everyone who's given an update in the last 6 months, I've reserved their 2021 number for now (unless you paid off your mortgage entirely, in which case well done again!).

For all the new participants, please post on the thread and I'll allocate you a number - numbers will be first come, first served.

Bear in mind that the challenge runs for the 2022 calendar year when setting your target. You're welcome to track total payments, overpayments, savings, etc. - whatever motivates you!

UPDATES
To provide progress updates and/or change your target, just post on the thread - I'll 'thank' posts when I pick up the update. I do make mistakes from time to time, so if I miss an update or get it wrong then please let me know.

A few requests from me to make keeping track easier:
  • When providing updates, please include your MFW2022 number and the month(s) you are updating
  • Multiple overpayments in a month are fine and most certainly encouraged, but it will really (really, really) help me if you include a monthly total when reporting updates (e.g. ...another OP of £200, which makes £600 in total for April...)
  • It's fine to miss a month or two and then provide updates for several months if you prefer, but please make it clear what you want allocating where.
  • It is helpful for me if you keep a running total for the year in your update post and/or your signature as I can cross-check the spreadsheet against your overall total, but this isn't required at all.

Updates also don't have to be limited to just your stats - a bit of chat and encouragement can be hugely motivating.

Finally: If you spot any mistakes, let me know, and I'll try and fix them ASAP. Similarly, if you have any requests for additional stats/features for the spreadsheet, let me know, and I'll see what can be done.

Original mortgage: December 2017, £203,495
MFW start: April 2018, £201,800
Mortgage neutral: September 2022, mortgage redeemed: December 2022
New house, new mortgage: December 2022, £276,007
Current balance: £217,800 minus £8,300 overpayment savings pot
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Comments

  • Please can I rejoin Julicorn?

    i was 20 last year. Happy to move up the list to fill a hole

    £15k for me please! 
    Mortgages Oct 2020: £308,283 Jul 2021 £286,600 October 2022 £253,456 MFW-22 #9 MFIT-T6 #35
  • Thanks for the new thread, julicorn; I'd like to take part again in 2022, with a slightly lower target of £10,000.

    I was #100 but would also be happy to move up the list.
    Original mortgage: £278,827 (September 2018)
    Current mortgage: £0 (15.07.2023)
    Original mortgage-free date: September 2033
    Current mortgage-free date: July 2023
    MFW 2023 #10: £28,909.64/£25,000

  • julicorn
    julicorn Posts: 2,275
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    Please can I rejoin Julicorn?

    i was 20 last year. Happy to move up the list to fill a hole

    £15k for me please! 
    #9 is all yours :)
    Original mortgage: December 2017, £203,495
    MFW start: April 2018, £201,800
    Mortgage neutral: September 2022, mortgage redeemed: December 2022
    New house, new mortgage: December 2022, £276,007
    Current balance: £217,800 minus £8,300 overpayment savings pot
  • julicorn
    julicorn Posts: 2,275
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    Thanks for the new thread, julicorn; I'd like to take part again in 2022, with a slightly lower target of £10,000.

    I was #100 but would also be happy to move up the list.
    I've moved you up to #10 :)
    Original mortgage: December 2017, £203,495
    MFW start: April 2018, £201,800
    Mortgage neutral: September 2022, mortgage redeemed: December 2022
    New house, new mortgage: December 2022, £276,007
    Current balance: £217,800 minus £8,300 overpayment savings pot
  • Elvie100
    Elvie100 Posts: 105
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    Hi Julicorn

    You can release me from #60 now 🥳

    Thank you for all the hard work you do!

    L
    Was MFW#60 - mortgage paid off December 2021
  • Hi Julicorn,

    Can I rejoin please? I would also like to keep my number if possible. 

    Target for 2022 is £5000.

    Many thanks,
    Bounty123
    2024 MFW No:23
    MFiT-T6 14
  • Hi Julicorn, I'd like to join for 2022.  Currently #14 but happy with any number.  Target for me will be £1200.00.  Thanks, Indi
  • anna42hmr
    anna42hmr Posts: 2,828
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    Hi Julicorn, can i join for next years challenge please as i am hoping to be able to get more on track again this year (fingers crossed).  If possible can i keep my current number (105) and my target for 2022 will be £1500.  

    Thanks again for all your hard work on this, its much appreciated.  
    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 Target: £1800, £177.94 overpaid as at January so YTD = £177.94 Total OP since mortgage started in 2015 = £33,748.08
  • FtbDreaming
    FtbDreaming Posts: 1,118
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    I was #26 I’m happy to move up the list. I’m going to try and be more realistic and go for £1500 for 2022 thankyou x
    Mortgage started August 2020 £69,700
    Mortgage ends Aug 2050 MFW: Aug 2027 
    Current Balance: £60,700
    MFW2020 #156 £723.13
    MFW2021 #26 £1184.71
    MFW2022 #11 £197.87
    MFW2023 £785
    MFW 2024 £174.73

    Determined to make it! 
  • hannahnightmare
    hannahnightmare Posts: 35
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    edited 5 December 2021 at 5:22PM
    Hi @julicorn thanks so much for this year and for doing it again next year! 
    Please can I set my target at £6000 I don’t mind changing number.
    Next year could be my mortgage free at 40! 
    Thanks again and have a lovely Christmas :) 

    Current mortgage - £12000
    aim to pay £6000 this year (mfw #20)
    £3000/£6000

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