2023 Mortgage-Free Wannabes

FlacosFloozie

A little late but #65 with £300 for May. Thanks Julicorn!

AntoMac

#51 declaring £390 for May (slightly late!)
Thanks Julicorn

Hettyhound

Hello, number 69 with another June payment of £20; that makes £370 so far in June.  Thank you!!

julicorn

20vt-rs said:

Hi Julicorn...

Here's my final 2023 update, I am #46 on the MFW spreadsheet:

• 2023 target £21,779
• 2023 YTD £21,779
• May updated including additional OP - £2,350
• June 2023 - £14,729, including final large over-payment to clear once fix ended.
• Mortgage cleared!

Thanks!

That's absolutely amazing, congratulations on being mortgage-free!

julicorn

Some fantastic overpayments over the last week mean we've shot right past the £400k hurdle, and are looking at a current total of £425,763.32. That's over 78% of our original targets for this year, very impressive given it's only June! Well done everyone  

Jessy103

Hi,

No.12 reporting an overpayment of £161.23 for June.

Thanks 🙂

Sistergold

Hello everyone. My discounted 2yr tracker is coming to an end 30th June. I will be moving onto a new 2yr tracker and ofcause it will tracking at a higher margin for the bank above Bank of England rate. As I was on a tracker anyway my monthly payments have been going up as rates have gone up but the tracker was much lower than the new one I will be on. With all this interest rate hikes in mind I have decided to massively reduce my mortgage balance. This is using money I had been saving as a building fund for an extension which I suppose I will put on hold until we know where we are ending with these mortgage rate hikes. 

This is number 34 here reporting an OP of £101k for june. That is £101000.00. 

Thank you @julicorn for keeping us updated! 

julicorn

Sistergold said:

Hello everyone. My discounted 2yr tracker is coming to an end 30th June. I will be moving onto a new 2yr tracker and ofcause it will tracking at a higher margin for the bank above Bank of England rate. As I was on a tracker anyway my monthly payments have been going up as rates have gone up but the tracker was much lower than the new one I will be on. With all this interest rate hikes in mind I have decided to massively reduce my mortgage balance. This is using money I had been saving as a building fund for an extension which I suppose I will put on hold until we know where we are ending with these mortgage rate hikes. 

This is number 34 here reporting an OP of £101k for june. That is £101000.00. 

Thank you @julicorn for keeping us updated! 

Absolutely incredible update, well done Sistergold!

julicorn

Btw, that puts as at above half a million, and at over 97% of our original target. Woah there!

try_harder

Number 52 with another £3000 ..Total now stands at £12000..Thank you