📨 Have you signed up to the Forum's new Email Digest yet? Get a selection of trending threads sent straight to your inbox daily, weekly or monthly!

2022 Mortgage-Free Wannabes

1…5051535556…99

Comments

  • Sistergold
    Sistergold Posts: 2,135 Forumite
    Sixth Anniversary 1,000 Posts Name Dropper Photogenic
    Hello everyone. #34 reporting OP of £1000 for May. 
    Thanks @julicorn for updates

    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. 🤓
  • f0xh0les
    f0xh0les Posts: 7,626 Forumite
    Part of the Furniture 1,000 Posts Mortgage-free Glee! Photogenic
    @cod3 that is the most amazing news of my day so far !!
    Ridiculously happy for you, my invisible imaginary friend  that I have never met. 
    Funny how a 'stranger' 's news can make someone else so happy. 
    4/10/22One Year Mortgage Free Yay!
    NSTurtle # 55 🐢 🐢 🐢 🐢 🐢 🐢🐢 🐢 🐢 🐢 🐢 🐢 🐢 🐢🐢🐢 🐢 🐢 🐢 🐢 🐢 🐢 🐢 🐢 🐢 🐢 🐢 🐢 🐢 🐢 🐢 🐢 🐢 🐢 🐢 🐢 🐢 🐢 🐢 🐢 🐢 🐢 🐢 🐢 🐢 🐢 🐢 🐢 🐢 🐢 🐢 🐢 🐢 🐢 🐢 No Turtle gets left behind.[/b]
    ******PROUD MEMBER OF THE TOFU EATING COALITION OF CHAOS !!!******
  • cod3
    cod3 Posts: 805 Forumite
    Part of the Furniture 500 Posts Mortgage-free Glee! Combo Breaker
    f0xh0les  I often read your diary when I am skiving.  Lurking when not logged in  B)  You have a away with words, a great read!  I better not be caught gabbing on this thread.  Off to Tesco for something cheap n fizzy for tonight!  :)
  • IndiJonesi
    IndiJonesi Posts: 505 Forumite
    500 Posts Fourth Anniversary Name Dropper Photogenic
    Congratulations @cod3 on your fantastic news, very well done 😊
  • PiggyBankShaker
    PiggyBankShaker Posts: 1,164 Forumite
    Part of the Furniture 1,000 Posts Name Dropper Combo Breaker
    cod3 said:
    #53  I've got news!   :)

    I started the year with a target of £3,000 (the balance of my mortgage)

    Earlier this month, I overpaid £907.30

    Today I phoned the bank for a FINAL figure and paid their calculated amount of £1,002.30

    This brings my total OPs for this year to £2,896.75. 

    Add on my regular payments and minus interest - I am now officially MORTGAGE FREE!

    Thank you all the lovely folk here for the inspiration and to @Julicorn and Martin.  My family have saved so much since joining this forum but, more importantly, now have the security of owning the roof over our heads  :)

    Cod3
    18 May 2022
    That is brilliant news! Well done! In awe and envious of your achievement!
    • Mortgage over-payments to date: = £16,746
    • Original redemption date: August 2043
    • Current redemption date: July 2041
    • Debt: £15,930
    • Savings: £12,430
  • Dancingbecky
    Dancingbecky Posts: 31 Forumite
    Fifth Anniversary 10 Posts Name Dropper
    #75 checking in to say we overpaid £500 in April but have paused overpayment for now as statutory maternity pay kicks in. Hoping to get back on track by the end of the year.
    December 2021 - £151,250
    December 2020 - £167,500
    December 2019 - £211,500
    March 2019 - £218,000 moved house
  • becksta
    becksta Posts: 2,213 Forumite
    Part of the Furniture 1,000 Posts Photogenic Name Dropper
    #88 with an mid month OP of £55 (credit from BT).  This takes my OP for May so far to £255.

    Thanks
    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 posters
  • Jessy103
    Jessy103 Posts: 2,257 Forumite
    Eighth Anniversary 1,000 Posts Name Dropper Photogenic
    @cod3 Congratulations!! 🍾🎉
    Mortgage Balance as of July 2025 £14,900.
    Starting Mortgage Balance (June 2019) £72,000.
    Aiming to be mortgage free by my 40th birthday, June 2026!
  • Martas
    Martas Posts: 36 Forumite
    Part of the Furniture 10 Posts Name Dropper Combo Breaker
    #90 reporting May overpayment of £499. My 10% overpayment limit renews on the 20th of June so I have another regular overpayment of £499 on the 1st of June and then in July I can start throwing more money at the balance again 😀 

    Thanks @julicorn
    We took £83795 mortgage in June 2018
    Left to pay on mortgage: £51821.20
    Original end date: June 2037
    Now: September 2033
    Target: pay off by December 2025
    Mortgage Free Wannabe 2022 #90 £13000/£11000
    Mortgage Free Wannabe 2023 #42 £999/£13000 no overpayments until 20.06.2023 when my overpayment allowance renews
    MFi3-T6 #42 January 2022 £70915, to reduce mortgage to £17000 by January 2025
    Love people and use things because the opposite never works
★ ★ ★ Meet your Ambassadors

🚀 Getting Started

Hi new member!

Our Getting Started Guide will help you get the most out of the Forum

Categories

  • All Categories
  • 351.3K Banking & Borrowing
  • 253.2K Reduce Debt & Boost Income
  • 453.7K Spending & Discounts
  • 244.3K Work, Benefits & Business
  • 599.4K Mortgages, Homes & Bills
  • 177.1K Life & Family
  • 257.7K Travel & Transport
  • 1.5M Hobbies & Leisure
  • 16.2K Discuss & Feedback
  • 37.6K Read-Only Boards

Is this how you want to be seen?

We see you are using a default avatar. It takes only a few seconds to pick a picture.
Update Your Picture