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2022 Mortgage-Free Wannabes

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Comments

  • kitjos
    kitjos Posts: 223 Forumite
    Tenth Anniversary 100 Posts Combo Breaker
    Hi all, happy February  <3

    #41 with OP of £200 please. 

    Thanks Julicorn!  o:) xxxx
    "Don't underestimate the value of financial security"


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

  • Hi, #30 here with another couple of little OPs.

    Feb total overpayment is now £300

    Year to date is £500

    Thanks @julicorn

    Aiming for mortgage free by September 2030

    Balance 1.1.20 - £69,701.80
    Balance 1.1.21 - £63,699.80
    Balance 1.1.22 - £57,762.80
    Balance 1.1.23 - £53,074.20
    Balance 1.1.24 - £47,902.00
    Balance 1.1.25 - £44,141.20

    over payments 2025 = £1,390/£1,500 /// invested 2025 = £900/£1,500 = TOTAL (YTD) £2,290/£3,000
  • ElmoR
    ElmoR Posts: 414 Forumite
    Ninth Anniversary 100 Posts Name Dropper
    Number 45 checking in a bit late with January total of £1287. The lack of a round number slightly upsets me :D
    Have a good weekend all

    Thank you julicorn
    ElmoR
  • Hi, #14 checking in with an addional Feb o/p of £648.74.
    Total for Feb = £899.29
    Please would you change my target for the year to 5k?
    Thanks @julicorn
  • julicorn
    julicorn Posts: 2,591 Forumite
    Seventh Anniversary 1,000 Posts Name Dropper Photogenic
    Hi Julicorn,
    I'm very late to the party but would I be able to join with a target of £2000? We've just remortgaged and are finally in a position to start making overpayments,
    Thank you!
    Absolutely, welcome on board! You've got #79 :) 
  • julicorn
    julicorn Posts: 2,591 Forumite
    Seventh Anniversary 1,000 Posts Name Dropper Photogenic
    Good evening all,

    @julicorn - I recognise that I'm a tad late to the party, but can I please join again  this year?

    My OP situation is interesting as I today applied for my remortgage which should begin in April. Saying that,  I need to pay off approx £12k for the new mortgage. All of this without relying on sale of my BTL, which is giving me a few grey hairs.

    Therefore, for fairness of 2022 target, can you please put me for £8,000 OP target and I will only count against payments made on the new mortgage. 

    Manu thanks, apologies for the late entry and good luck everyone!
    Definitely not too late to join, great to have you on board again! :) You're #87. 
  • julicorn
    julicorn Posts: 2,591 Forumite
    Seventh Anniversary 1,000 Posts Name Dropper Photogenic
    becksta said:
    Hi @julicorn.  I'm a bit late to the party but I would love to join the challenge if I can.  I recently decided to start really concentrating on overpaying my mortgage over the next couple of years  and I think the motivation and support from everyone else will really help.

    Happy with any spare number.  My target for 2022 is £6,000.  My overpayments so far are:

    January - £300
    February (so far) - £386

    Thanks and good luck everyone   B)
    The party is very much still going, you're only slightly fashionably late haha! You've got #88. Best of luck to you too :)
  • Hello,

    #54 with an overpayment of £150 for January.

    Thank you 😊
  • lindez
    lindez Posts: 643 Forumite
    Sixth Anniversary 500 Posts
    Hi all
    #2 with February update 450.00 over payment
    Thank you Julicorn x

    MFWB#2
    MFTT5 #28
    Save 12k 2020 #111
  • #59 with another £200 for February this morning, bringing my current Feb total up to £940.
    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
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