📨 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!

2024 Mortgage-Free Wannabes

Options
1111214161759

Comments

  • julicorn
    julicorn Posts: 2,591 Forumite
    Seventh Anniversary 1,000 Posts Name Dropper Photogenic
    Please can I join.  My target for this year is £19548 (10% maximum over payment)

    3 days ago I manged to pay £9548, so that leaves 10k left to pay this year.  I hope to save this over the next few months.

    Well done and welcome to the challenge! You've got #28 
  • julicorn
    julicorn Posts: 2,591 Forumite
    Seventh Anniversary 1,000 Posts Name Dropper Photogenic
    Shal1160 said:
    Hi all and happy January!
    #36 checking in with £75 overpayment for Jan - @julicorn happy to move to a lower number if that's any help too  :)
    That's super, and I've bumped you up a little bit to #29 :)
  • julicorn
    julicorn Posts: 2,591 Forumite
    Seventh Anniversary 1,000 Posts Name Dropper Photogenic
    Hi all,

    Have paid £250 this month and will pay more before month ends as I get paid 25th of the month.

    Can I also update my payment target to 9,000 as I can push to achieve that and be within my 10% max overpayment.

    #77 - 250 / 9000

    Also happy to move to a lower number if helps keep things tidy.
    That's super, thank you. I've moved you up to #35 :)
  • julicorn
    julicorn Posts: 2,591 Forumite
    Seventh Anniversary 1,000 Posts Name Dropper Photogenic
    Hello, I'm new around here. Can you put me down for a target of 6K this year to overpay please? My aim is to do more than this but I am awaiting surgery so this is a conversative start for me :smile:

    Thanks!
    Yes of course, welcome to the challenge! You've got #36 :)
  • julicorn
    julicorn Posts: 2,591 Forumite
    Seventh Anniversary 1,000 Posts Name Dropper Photogenic
    Thank you all for a great overpayment start to the year! We've collectively overpaid over £50k already, very well done everyone :) 
  • Hi @julicorn first update of the year for #30.  OPs total 170 so far for January.  YTD £170.  Thank you!

    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
  • #9 first payment  £573.05
    Thanks!

    Mortgage Free Wannabe
    Mortgage free aim date (set Dec 23): 2030 or earlier
    Mortgage free wannabe starting figure: £73,576.96
    Current Mortgage Figure: £58,220

    Mortgage end date with no overpayments: 20th July 2037
    Mortgage end date with overpayments: 1st Jan 2030

    Goal 1   10k off mortgage balance by 31st March 2024           Achieved
    Goal 2   60k mortgage balance by 30th September 2024        Got to £62,999
    Goal 3   10k off mortgage balance by 31st March 2025           
    Achieved
  • Monthly Pay is in the bank so final payment of the month made for £550

    Jan Total
    #35 - 800 / 9000
    Challenges
    MFW 2025 #6 - 14871.56/14,000

    Completed Challenges
    MFW 2024 #35 - 9,000/9,000
    Pay off all debts by 2023 - #18 8,000 / 8,000

  • fjireland
    fjireland Posts: 52 Forumite
    10 Posts First Anniversary
    edited 26 January 2024 at 10:07PM
    £1600 overall overpayment for January here :)

    #80 £1600/£14000
    June 2017 - £295k mortgage/htb 
    June 2020 - £270k mortgage/htb
    Dec 2021 - £228k mortgage 
    Dec 2022 - £195k mortgage 
    Dec 2023 - £162.5k mortgage 
    Dec 2024 - £140k mortgage 
    Dec 2025 - Target - £130k mortgage 
  • Jessy103
    Jessy103 Posts: 2,246 Forumite
    Eighth Anniversary 1,000 Posts Name Dropper Photogenic
    Hi,

    No.12 with an overpayment of £558.40 for January.

    Thanks
    Jess 🙂
    Mortgage Balance as of July 2025 £14,900.
    Starting Mortgage Balance (June 2019) £72,000.
    Aiming to be mortgage free by my 40th birthday, June 2026!
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
  • 351.2K Banking & Borrowing
  • 253.2K Reduce Debt & Boost Income
  • 453.7K Spending & Discounts
  • 244.2K Work, Benefits & Business
  • 599.2K Mortgages, Homes & Bills
  • 177K Life & Family
  • 257.6K 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.