📨 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!

2023 Mortgage-Free Wannabes

1394042444582

Comments

  • sophieo16
    sophieo16 Posts: 191 Forumite
    Eighth Anniversary 100 Posts Name Dropper Combo Breaker
    #20 with £40.84 overpayments for May so far...

    £87.96 total for the year
    Mortgage Feb 2023- £249,210 MFW 2023 #20: £524.05/£500 (104.81%)
  • becksta
    becksta Posts: 2,227 Forumite
    Part of the Furniture 1,000 Posts Photogenic Name Dropper

    #38 here with an opening overpayment of £245.

    Many thanks and good luck everyone!

    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
  • shell16
    shell16 Posts: 1,354 Forumite
    Part of the Furniture 1,000 Posts Name Dropper Combo Breaker
    edited 3 May 2023 at 8:25AM

    Further overpayment of £159 for May, shell x

    #53 £259/£1000

                                                                                             

     Debt Free - 04/03/23.  Total LBM August 2021 £15410.70

  • Bored
    Bored Posts: 390 Forumite
    Part of the Furniture 100 Posts Name Dropper Debt-free and Proud!

    #19 checking in with an overpayment of £19.09. This was mainly a test payment as I was trying out a new payment method. I was temporarily pausing overpaying while I saved for a car and a holiday but should resume regular overpayments from next month onward.

    2023 Mortgage-Free Wannabe #19: £11,675.68/£13,000
    Mortgage Overpayment Total: £22,397.1
  • Lauraebrad
    Lauraebrad Posts: 185 Forumite
    Part of the Furniture 100 Posts Name Dropper

    Hi @julicorn , an update from #30.

    April = £180

    May = £140

    YTD = £2,040

    Thanks for sorting all this out!

    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
  • Adamnatsmith
    Adamnatsmith Posts: 11 Forumite
    Seventh Anniversary 10 Posts Combo Breaker
    #76 here with a payment of £600 for April. Thanks!
  • pinknsparkly
    pinknsparkly Posts: 545 Forumite
    Ninth Anniversary 500 Posts Name Dropper
    Hi Julicorn

    Number 99 checking in with a total overpayment of £249.08 in April

    Thanks so much for running this challenge!!
    MFW2023 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: 15/06/2023
  • Hi #80 with an o/p of £453.74 for May.  
    Thanks 😊
  • Shal1160
    Shal1160 Posts: 60 Forumite
    Fifth Anniversary 10 Posts Name Dropper
    Good morning all! #36 checking in with a May o/p of £131.16. It is so encouraging to hear how everyone is getting on. Thank you Juliecorn :)
    Mortgage start: Sept 2018 £140,000 (30 years) Sept 2020: £129,131 
    Sept 2021: £121,000 (remortgaged for 22 years), Sept 2022: £111,009, Sept 2023: £101,700, Sept 2024: £94,405
    Current: £86,450 (Jul 25)
    MFW 2025 #29
    Just keep swimming
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
  • 599.5K Mortgages, Homes & Bills
  • 177.1K Life & Family
  • 257.8K 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.