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I wanna be mortgage freeeee!

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Comments

  • Flossymuldoo
    Flossymuldoo Posts: 115 Forumite
    Fifth Anniversary 100 Posts Photogenic Name Dropper
    edited 28 February at 6:41AM
    Oh no ! So sorry to read that - hopefully your savings funds will help you be a little less stressed 

    fingers crossed you will get a new job soon and the redundancy will be  extra cash 
    Thank you!!
     Surprisingly unstressed by it but it’s either having savings, or it could be that I am
    absolutely full of cold so don't have enough energy to get wound up about it.

    There are other roles available and 2 of which are of interest but both would mean a pay cut. Having said that, it may be time for a change of scenery. I have been thinking about it for a while now as the role I do seems to have been in and out of company structures for my whole career and I’m sick of either being redundant or having my job at risk due to restructures.  Both would have possibility of progression so now might be the time!

    On the plus side I’m on garden leave so I have probably around a month of the consultation period where I can swan around with time to think about wheee I want to go next. 
    28/09/25
    Deep savings: £24,185.28/£20,000.00
    Mortgage starting balance: £157,183.78
    Today’s balance: £142,800.80
    2025 MFW #53  £10,015.32/£10,000
  • Flossymuldoo
    Flossymuldoo Posts: 115 Forumite
    Fifth Anniversary 100 Posts Photogenic Name Dropper
    I’ve been awol a while as nothing has been happening here other than job hunting, so no chance of being able to do much with my mortgage etc.

    But I now have a job and start on Weds 🎉🎉

    It’s contracting rather than permie but it’s a pretty hefty daily rate and it’s a 12 month contract. Phew.  So busy busy setting up a limited company, business bank account and getting accountancy services sorted. 

    So I’m hoping to start making a bent again on my overpayment target soon!
    28/09/25
    Deep savings: £24,185.28/£20,000.00
    Mortgage starting balance: £157,183.78
    Today’s balance: £142,800.80
    2025 MFW #53  £10,015.32/£10,000
  • South_coast
    South_coast Posts: 5,955 Forumite
    Fifth Anniversary 1,000 Posts Name Dropper Photogenic
    Congrats on the job 🥳
    Mortgage start: £65,495 (March 2016)
    Cleared 🧚‍♀️🧚‍♀️🧚‍♀️!!! In 5 years, 1 month and 29 days
    Total amount repaid: £72,307.03. £1.10 repaid for every £1.00 borrowed

    Finally earning interest instead of paying it!!!
  • Job is going well and I’m really enjoying it.

    £10,000 paid off my mortgage this month!

    I am hoping to pay £5700 in Nov so my 10% is maxed for the year.

    Balance as of today = £142800.80 🎉
    28/09/25
    Deep savings: £24,185.28/£20,000.00
    Mortgage starting balance: £157,183.78
    Today’s balance: £142,800.80
    2025 MFW #53  £10,015.32/£10,000
  • South_coast
    South_coast Posts: 5,955 Forumite
    Fifth Anniversary 1,000 Posts Name Dropper Photogenic
    £10k 😳! That is am amazing OP! You must feel fantastic 😀
    Mortgage start: £65,495 (March 2016)
    Cleared 🧚‍♀️🧚‍♀️🧚‍♀️!!! In 5 years, 1 month and 29 days
    Total amount repaid: £72,307.03. £1.10 repaid for every £1.00 borrowed

    Finally earning interest instead of paying it!!!
  • beanielou
    beanielou Posts: 96,149 Ambassador
    Part of the Furniture 10,000 Posts Academoney Grad Mortgage-free Glee!
    That’s some OP! 
    I am a Forum Ambassador and I support the Forum Team on Mortgage Free Wannabe & Local Money Saving Scotland & Disability Money Matters. If you need any help on those boards, do let me know.Please note that Ambassadors are not moderators. Any post you spot in breach of the Forum Rules should be reported via the report button , or by emailing forumteam@moneysavingexpert.com. All views are my own & not the official line of Money Saving Expert.

    Lou~ Debt free Wanabe No 55 DF 03/14.**Credit card debt free 30/06/10~** MFW. Finally mortgage free O2/ 2021****
    "A large income is the best recipe for happiness I ever heard of" Jane Austen in Mansfield Park.

    ***Fall down seven times,stand up eight*** ~~Japanese proverb.
    ***Keep plodding*** Out of debt, out of danger. ***Be the difference.***
    One debt remaining. Home improvement loan.
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