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2022 Mortgage-Free Wannabes
Comments
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Hello everyone. #34 reporting OP of £1000 for May.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. 🤓1 -
#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 202210 -
@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.4/10/25Three Years Mortgage Free Yay!
NSTurtle # 55 🐢 🐢 🐢 🐢 🐢 🐢🐢 🐢 🐢 🐢 🐢 🐢 🐢 🐢🐢🐢 🐢 🐢 🐢 🐢 🐢 🐢 🐢 🐢 🐢 🐢 🐢 🐢 🐢 🐢 🐢 🐢 🐢 🐢 🐢 🐢 🐢 🐢 🐢 🐢 🐢 🐢 🐢 🐢 🐢 🐢 🐢 🐢 🐢 🐢 🐢 🐢 🐢 🐢 🐢
No Turtle gets left behind.[/b]
******PROUD MEMBER OF THE TOFU EATING COALITION OF CHAOS !!!******2 -
Congratulations @cod3 on your fantastic news, very well done 😊1
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That is brilliant news! Well done! In awe and envious of your achievement!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- Mortgage over-payments to date: = £16,746
- Original redemption date: August 2043
- Current redemption date: July 2041
- Debt: £15,930
- Savings: £12,430
1 -
#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 house1 -
#88 with an mid month OP of £55 (credit from BT). This takes my OP for May so far to £255.
ThanksMFW 2022 #88: £6620/£6000
MFW 2023 #38: £13242.13/£6000
MFW 2024 #38: £15792.12./£9000
MFW 2025 #38: £15241.92/£7500
Thank you to all competition posters1 -
#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 @julicornWe took £83795 mortgage in June 2018Left to pay on mortgage: £51821.20Original end date: June 2037Now: September 2033Target: pay off by December 2025Mortgage Free Wannabe 2022 #90 £13000/£11000Mortgage Free Wannabe 2023 #42 £999/£13000 no overpayments until 20.06.2023 when my overpayment allowance renewsMFi3-T6 #42 January 2022 £70915, to reduce mortgage to £17000 by January 2025Love people and use things because the opposite never works1
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! 
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