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2024 Mortgage-Free Wannabes

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  • CrowdieSaver
    CrowdieSaver Posts: 109 Forumite
    Part of the Furniture 100 Posts Academoney Grad Combo Breaker
    edited 5 January 2024 at 2:54PM
    Hello
    #49 with an overpayment for January of £1,285 to start the year off nicely 👍
    Thanks Julicorn
    CS xx
    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!
  • Madeit01
    Madeit01 Posts: 8 Forumite
    Seventh Anniversary Name Dropper First Post Photogenic
    Good morning @julicorn

    #64 back this year with a target for 2024 of £4000.

    Please also add a Jan overpayment of £226

    Thanks :)
  • t4mof
    t4mof Posts: 266 Forumite
    Part of the Furniture 100 Posts Name Dropper Combo Breaker
    #45 Endowment received today so £31,680 paid onto mortgage today and Monday (bank wouldn't let me pay in one go!).

    £2k kept back to pay off flights and car hire for BIG holiday later this year (25th wedding anniversary) which I will pay off mortgage in May when savings for holiday mature from their 12 month fixed saver account.
    CC Debt at LBM Nov 08 - £25000+ DFD Dec 2012
    Second DFD May 2021
    Starting my MFW journey: Opening Balance: £138,000; July 2019: £135107.33; July 2024 £52974.60; July 2025 £11140.23
    2025 MFW #36
  • debtfreewannabe321
    debtfreewannabe321 Posts: 9,413 Forumite
    Part of the Furniture 1,000 Posts Name Dropper Photogenic
    Hi there could I join this challenge please :) I would like to pay off £9,900 extra this year. Thank you  <3
    MORTGAGE BALANCE when we moved Aug 2024, £120,000. January 1st £118,267.06. May 1st, £116, 123, June 1st, £115,536, New mortgage added for extension- £165,000 July 1st!
    Mortgage Overpayments - September-December, £152.46. J- £103.27, F- £115, M- £91.50, A- £100, M- £200, J- £200. J- £200.
    Total- £1162.23
    Goal pay off 1% of current mortgage in 1 year. £1200. (96.83% there)

    EF- first goal £300
    https://forums.moneysavingexpert.com/discussion/6496485/buying-a-little-piece-of-middle-england#latest
  • julicorn
    julicorn Posts: 2,591 Forumite
    Seventh Anniversary 1,000 Posts Name Dropper Photogenic
    bedhair said:
    Please can I join?
    I would like to overpay £6000 this year.
    Thank you 🤞🏻
    Welcome on board! You've got #8 :)
  • julicorn
    julicorn Posts: 2,591 Forumite
    Seventh Anniversary 1,000 Posts Name Dropper Photogenic
    JohnTheSkier said:
    julicorn said:
    JohnTheSkier said:
    Thanks for posting his @julicorn - please could I have a target of £1,200 for 2024? Happy to move to a smaller number or stick with 61 - whatever works.
    I've kept you at #61 for now, but I reckon lower numbers will free up beginning of January so if you'd like a lower one then just let me know. Same for you @FlacosFloozie :)

    Happy New Year everyone! @julicorn - please feel free to move me up to fill the lower numbers, but as it stands #61 reporting an £84 overpayment for Jan 2024.
    The beginning-of-the-year tidy has begun, and I've moved you up to #14 :) 
  • julicorn
    julicorn Posts: 2,591 Forumite
    Seventh Anniversary 1,000 Posts Name Dropper Photogenic
    debtfreewannabe321 said:
    Hi there could I join this challenge please :) I would like to pay off £9,900 extra this year. Thank you  <3
    Of course, welcome to the challenge! You've got #17 :)
  • julicorn
    julicorn Posts: 2,591 Forumite
    Seventh Anniversary 1,000 Posts Name Dropper Photogenic
    Happy new year everyone! Thank you all so much for joining, and for kicking off the year in style with a couple of really impressive overpayments already. 

    If anyone wants a lower number, quite a few have freed up now so just shout and I'll see what I can do. 

    Current target: £385,352.64
    YTD:     £37,300.68
  • SeekingFlight
    SeekingFlight Posts: 193 Forumite
    Ninth Anniversary 100 Posts Name Dropper
    Morning,

    #43 coming in with £500 OP for January :)
    #19 Make £2025 in 2025 £8.32/£2025"Remember not to do too many things at once" said me to herself.Mortgage Free Wannabe #25 2025 OP £500/£6000
  • Mortgage_Minimiser
    Mortgage_Minimiser Posts: 338 Forumite
    Part of the Furniture 100 Posts Name Dropper
    Hi @julicorn, if a lower number is available I am happy to move to tidy things up. Currently #71 and no OP provided yet

    TIA
    X
    Mortgage 1 - 01/2/2015 - £243,750 ; Mortgage 01/11/2024 - £132,576.55
    Mortgage 2 - 2019 - £76,600 ; Mortgage 01/10/2024 - £47,763.29
    MFit-T5 - reduce to £140,000 MFiT-T6 - reduce to £110,000

    01/10/2024 Daily Interest - M1 = £18.27 (!!); M2 = £7.41

    Debt at highest point in 24 -£21,344
    Debt 1st November 24 - £16,192.18 24% paid. Focusing on this in earnest!!!
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