📨 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

1717274767782

Comments

  • Simobla1
    Simobla1 Posts: 63 Forumite
    Second Anniversary 10 Posts Name Dropper
    #56 with an overpayment for November of £550.  xx
    Save £12k in 2025
    #36 2025: Target £15k / £9,498
    #39 2024: 
    Target £10k / £13,623 (exceeded)
    #39 2023: Target £3k / £4,415 (exceeded)

    MFW member No.56
    2025 Overpayment Target £4k / £2,875.32
    2024 Overpayment Target £7k / £7,683 (exceeded)
    2023 Overpayment Target £5k £9,358 (exceeded)
    Mortgage total May ‘23: £119,202. Jan ‘25: £96,098.  Current June '25 £92,751
    Pay-off: 1st April ‘341st Sept ‘33, 1st May '33, 1st April '33, 1st March '33, 1st Aug '32, 1st  Sept '31

    MFiT-T7 #15
    Target £70k
  • #40 reporting with savings of £3,400 in October, many thanks @julicorn
    Mortgage free as of March '25!
    £240,000 paid off in 4 years, 8 months and 18 days (July '20-Mar '25)
    Mortgage paid off 19 years early.

    2025 MFW #40

    2025 Goals

    Pay off mortgage of £55k for good! - £55k/£55k paid - mortgage free!!!
    Keep emergency fund at £10k - £10k/£10k - goal met!
    Lose 12 kgs - 3/12 kgs lost so far
    Try 1 new activity/experience as a family each month - 0/12 new activities/experiences tried
    Decluttering - declutter 500 items from house and outbuildings - 136/500 items so far
  • mark55man
    mark55man Posts: 8,217 Forumite
    Part of the Furniture 1,000 Posts Name Dropper
    Hi there Julicorn #57 reporting in for October 

    OP (savings) at end of Sep 23 of £250+£250+£57.88+£563 = £557.88

    My total this year £8137 /£10800 

    Kind of on target - annual costs caught up with me hence the strikeout.   May still make target but not looking likely.Maybe £10K
    I think I saw you in an ice cream parlour
    Drinking milk shakes, cold and long
    Smiling and waving and looking so fine
  • twinklie
    twinklie Posts: 5,176 Forumite
    Part of the Furniture 1,000 Posts Photogenic Name Dropper
    No 6 with an OP of £35
    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 37
  • Hi

    #49 reporting overpayments as follows:

    October - £160
    November - £240

    Thanks Julicorn!

    CS x
    Mortgage 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!
  • Afternoon all, 

    a bit waylaid by life, but no 39 here to report some good OPs:

    July - £300
    August - £400
    Sept - £400
    Oct - £400
    Nov - £545

    Total now £3742 and target reached :) 

    Thanks julicorn

    Wpx 
    Mortgage 1 (BTL) Jan '24 £102,500
    Mortgage 1 OP pot (July ‘22 - July ‘27) £7,300/£19,500
    Mortgage 2 (joint forever home) Jan '20 £244,500, Jan '21 £235,000, Jan '24 £202,000


  • _WorldTraveller_
    _WorldTraveller_ Posts: 22 Forumite
    Second Anniversary 10 Posts Name Dropper
    edited 12 November 2023 at 9:10PM
    #63 here and beyond embarrassed to have provided no updates since April. No idea where the months have gone!!

    Things are on track and am starting to consider moving to a bigger house (and no doubt a bigger mortgage). But before I get too ahead of myself, best report the following OPs

    May = £1,256.78
    Jun = £1,256.78
    Jul = £1,256.78
    Aug = £1,256.78
    Sep =    £1,256.78
    Oct =    £1,256.78
    Nov =   £1,256.78

    Waiting for Dec O/P to go through and I will aim to top it up just shy of the 10% allowance - leaving a few pounds of wiggle room to avoid ERC.


    MFW 2021#79
    Mortgage start date: May 2020 @ £269,264
    Mortgage left: April @ £186,500

  • Hi @julicorn - can I make an update for November please?  #30 paid £120.  Thanks :-)

    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
  • Sistergold
    Sistergold Posts: 2,135 Forumite
    Sixth Anniversary 1,000 Posts Name Dropper Photogenic
    Hello everyone
    this #34 here with updates 
    September £50
    October £50
    November £50

    Thanks again @julicorn for keeping us updated. 

    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. 🤓
  • gillynomad
    gillynomad Posts: 102 Forumite
    100 Posts Second Anniversary Photogenic Name Dropper
    edited 16 November 2023 at 6:43PM
    #35 checking in - missed reporting about October!  £400 for October

    I'm a little behind but hoping I can make up the gap in November and December overpayments.
    Mortgage: £116,060 (Apr 2024)
    Initial MF date: Apr 2048
    Current MF date: Dec 2044

    MFW 2022 #98 £2,2000/£1,800
    MFW 2023 #35 £7,510/£7,500
    MFW 2024 #24 £1,225/£5,000
    MFi3-T6 #41  £21,231/£27,495 (Mortgage Target £110,000)

    Weight Loss Q1 24: 5/12lbs
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.