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2022 Mortgage-Free Wannabes
Comments
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#49 checking in with an overpayment of £100 for April.
Total for the year so far: £800. Really upset that I can’t afford to overpay more than that, but better than nothing I guess ☹️Thanks Julicorn xMortgage at Jan 2009 (when house was purchased): £75,000. Mortgage at Jan 2017 (when I was able to start overpaying after 7 year relationship from hell ended): £60,000. Mortgage at April 2025: £16,822
2025 MFW #70: £1,974 / £4,000.
Previous Overpayments: 2024: £2,555. 2023: £2,850. 2022: £3,100. 2021: £2,540. 2020: £3,350. 2019: £1,950. 2018: £250. 2017: £500.
Mortgage freedom can’t come soon enough!1 -
#123 checking in with an overpayment of £600 for April. I'm excited about this one because that takes me to an overpayment total of £10,000 since I took out the mortgage in 2018.
2023 Mortgage-Free Wannabe #19: £11,675.68/£13,000
Mortgage Overpayment Total: £22,397.13 -
@CrowdieSaver it’s definitely better than nothing. I’d love to OP more but we just can’t unfortunately.Little chips make a dent though.Reduction in daily mortgage interest since October 23 (new mortgage) - £2.36 July 25
% of house owned/% of mortgage paid off. July 25 - 38.82%/31.66%
MFiT-T7 #21
MFW 2025 #2
MF Date: Oct 37 Feb 372 -
Every payment is significant! Well done everybody! OPs are easier said than done and each month I ask myself should I stop OP for a while? I am soldiering on for now! I think after some years it will become obvious just what a great effort we made! Let’s keep going! 🦾Initial mortgage bal £487.5k, current £258k, target £243,750(halfway!)
Mortgage start date first week of July 2019,
Mortgage term 23yrs(end of June 2042🙇🏽♀️),Target is to pay it off in 10years(by 2030🥳).MFW#10 (2022/23 mfw#34)(2021 mfw#47)(2020 mfw#136)
£12K in 2021 #54 (in 2020 #148)
MFiT-T6#27
To save £100K in 48months start 01/07/2020 Achieved 30/05/2023 👯♀️
Am a single mom of 4.Do not wait to buy a property, Buy a property and wait. 🤓4 -
#88 here with a cheeky £150 OP (council tax rebate) taking April's total OP so far to £450.
Many thanks as always!MFW 2022 #88: £6620/£6000
MFW 2023 #38: £13242.13/£6000
MFW 2024 #38: £15792.12./£9000
MFW 2025 #38: £12183.50/£7500
Thank you to all competition posters1 -
#99 reporting in with a total overpayment for March of £606.51 and amended totals for January and February. I'd forgotten to include the massive £12.31 overpayment that I make each month by rounding up my direct debit to the nearest £50! So January's total should have been £789.84 and February's should have been £587.00MFW2023 challenge #99: £1090.11 / £1,000 MFiT-T6 (Jan 2022 - Jan 2025) challenge #99: Reduce mortgage to £400,000. Current balance = £413,551.19 Initial MF date (23rd Aug 2022): Sep 2051 Current MF date: Jul 2051 Last updated: 15/06/20231
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Absolutely, never too late! You've got #92allmannerofthings said:Hi @Julicorn and everyone, I know I'm a bit late to the party but could I join in please? I'd like to set my target for this year at £2,500 please. 0 -
Thank you so much for your updates everyone! Especially great to see some of you catching up on updates for the last few months. We're quite close to £200k now, let's see if the post-payday updates can get us across that line
To everyone who's not happy with your current level of overpayments: It all adds up, faster than you think. It's so easy to look at £20 or £50 and think 'is this even worth it?', but when you work out what difference it makes down the line, it really changes the perspective. We're all running a marathon here, not a sprint.
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No6 checking in with a cheeky £55 OP'd this morning following some unexpected cash back.Reduction in daily mortgage interest since October 23 (new mortgage) - £2.36 July 25
% of house owned/% of mortgage paid off. July 25 - 38.82%/31.66%
MFiT-T7 #21
MFW 2025 #2
MF Date: Oct 37 Feb 371 -
#78 with a 2 month update
March 22 - £1000
April 22 - £1015
YTD £4140MortgageStart Nov 2012 £310,000
Oct 2022 £143,277.74
Reduction £166,722.26
OriginalEnd Sept 2034 / Current official end Apr 2032 (but I have a cunning plan...)
2022 MFW #78 £10200/£12000
MFiT-6 #28 £21,772 /£750001
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